UK trade body unveils Invoice Finance / ABL eLearning Diploma

UK

Finance, the trade body for UK banks, has announced industry-specific training including a Diploma on the legal aspects of invoice finance/asset-based lending, IFABL, which starts on 1 December.

The course outline says: "The Diploma is the third step of the UK Finance’s IFABL Distance Learning Programme. It focuses on the Invoice Finance and Asset Based Lending (IFABL) Industry and is designed to lay the foundations for a successful career in management."

There are three levels of qualification available within the IFABL Diploma structure. Diploma: Certificate course + any one Diploma module or any two Diploma modules. Higher diploma: Certificate Course + any two Diploma modules. Diploma with honours: All three Diploma modules.

Successful students completing the whole course (Diploma with Honours) will be awarded a ‘pass’, ‘credit’ or ‘distinction’ and students will be able to use the designatory letters ‘Dip. IFABL’.

The course starts on 1 December 2021 and the examination will take place in May 2022. This module of the Diploma course enables students to develop a thorough understanding of asset-based lending and covers the following legal aspects of ABL finance: The ABL facility agreement; Creating security in favour of the ABL; Taking security over particular asset classes; The perfection and priority of security; Guarantees and indemnities; Debentures; Inter-creditor issues; Insolvency.

Each of the modules is designed to cover a 26-week study plan assuming a study time of approximately four hours per week. Assignments will be set during the study period for students to submit for assessment. At the end of the study period, students sit a formal examination.