دبلوم CISI للاستشارات الاستثمارية

الأوراق المالية من CISI – المستوى الرابع (IAD) لبريطانيا

تحضير لوحدة الأوراق المالية ضمن دبلوم المشورة الاستثمارية، مع ثمانية فصول وأمثلة حسابية وخمسة اختبارات تجريبية كاملة.

400 سؤالاً تدريبياً ملخصات تفصيلية محاكاة للاختبار الفعلي

تمت مراجعة معلومات منهج الدورة لعام 2026.

كل ما تتضمنه الدورة

400 سؤالاً تدريبياً ضمن 5 اختبارات تجريبية · محاولات غير محدودة
التعلّم المركّز · مواضيع الاختبار والأخطاء الشائعة والفخاخ والأرقام المهمة
بطاقات مراجعة ممتعة وفعّالة
صيغ الأوراق المالية والأمثلة المحلولة ومراجع الفصول
تعلّم صوتي · جميع الفصول متاحة بصيغة صوتية
محلل أداء وموجّه ذكي يحدد نقاط ضعفك
وضع الدراسة · تعلّم أثناء التدريب
دردشة ذكية مدرّبة خصيصاً على هذا الامتحان
مواد دراسية مرتبة حسب المنهج

دروس صوتية كاملة جديد

استمع إلى الدروس الكاملة لكل فصل، بما فيها القواعد والأرقام والفخاخ القابلة للاختبار.

🎧 عينة صوتية

* هذه عينة صوتية. تتوفر التسجيلات لجميع الفصول في النسخة الكاملة من الدورة.

هذه دورة المستوى الرابع ضمن دبلوم المشورة الاستثمارية، وهي منفصلة عن دورة الأوراق المالية للمستوى الثالث. يتكون الاختبار الرسمي من 80 سؤال اختيار من متعدد خلال ساعتين، والنجاح يتطلب 56 إجابة صحيحة بنسبة 70%. تشمل الدورة ثمانية ملخصات و268 بطاقة مراجعة و273 مرجعاً تتضمن 50 مثالاً حسابياً محلولاً، ومدرساً ذكياً، و400 سؤال تدريبي ضمن خمسة اختبارات تجريبية. محتوى الدراسة باللغة الإنجليزية، وتتوفر دروس صوتية للفصول الثمانية بصوت نسائي وصوت رجالي.

المزايا الرئيسية

Separate Level 4 course

Follow the Investment Advice Diploma unit with its own syllabus and learning materials.

✓ IAD technical-unit option
✓ Distinct from Level 3
✓ Eight chapters

Worked calculations

Practise bond valuation, rights issues, warrants and financial ratios with complete methods.

✓ Defined inputs and units
✓ Ordered calculation steps
✓ Answers and common traps

Five weighted papers

Build from foundational knowledge to applied and final practice using the official base allocation.

✓ 80 questions per paper
✓ Four original papers
✓ One balanced mixed paper

المنهج الدراسي

الوحدة 1: Cash, Money Markets and the Foreign Exchange Market 6.25% من وزن المنهج

🎧 عينة صوتية

Deposits, bills and commercial paper; Repo and collateral; Currency markets and hedging.

• Deposits, bills and commercial paper
• Repo and collateral
• Currency markets and hedging

الوحدة 2: Fixed-Income Securities 25% من وزن المنهج

Government and corporate debt; Issuance, dealing and credit risk; Yields, valuation and duration.

• Government and corporate debt
• Issuance, dealing and credit risk
• Yields, valuation and duration

الوحدة 3: Equities 25% من وزن المنهج

Shareholder rights and issuance; Trading venues and corporate actions; Indices, warrants and CFDs.

• Shareholder rights and issuance
• Trading venues and corporate actions
• Indices, warrants and CFDs

الوحدة 4: Collective Investments 10% من وزن المنهج

Fund structures and liquidity; Structured-product payoffs; Selection, costs and monitoring.

• Fund structures and liquidity
• Structured-product payoffs
• Selection, costs and monitoring

الوحدة 5: Settlement, Safe Custody and Prime Brokerage 8.75% من وزن المنهج

Clearing and settlement controls; Custody and beneficial ownership; Securities lending and prime brokerage.

• Clearing and settlement controls
• Custody and beneficial ownership
• Securities lending and prime brokerage

الوحدة 6: Securities Analysis 10% من وزن المنهج

Financial statements and cash flow; Ratios and comparative analysis; ESG risks and opportunities.

• Financial statements and cash flow
• Ratios and comparative analysis
• ESG risks and opportunities

الوحدة 7: Portfolio Construction 10% من وزن المنهج

Market information and research; Allocation and risk management; Interpreting performance measures.

• Market information and research
• Allocation and risk management
• Interpreting performance measures

الوحدة 8: Investment Selection and Administration 5% من وزن المنهج

Client needs and suitability; Selecting investments and strategies; Monitoring, reporting and review.

• Client needs and suitability
• Selecting investments and strategies
• Monitoring, reporting and review

تقييمات الطلاب

4.7

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بناءً على1712تقييم

5 نجوم

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4 نجوم

17%

3 نجوم

2 نجوم

1 نجوم

آراء المتعلمين المباشرة

قُدمت مباشرة إلى أكاديمية CISI. لا نعرض هذه الآراء على أنها موثقة بشكل مستقل من Trustpilot أو Google أو أي منصة خارجية.

التقييمات الأخيرة

آراء مشتركة من متعلمين عبر دورات CISI Academy.

Aaron J.

· ٣٠ أبريل ٢٠٢٦

★

آراء طلاب أكاديمية CISI

Great flashcards

The interactive flashcards are a massive help. Passed on my next attempt.

Shamma H.

· ٧ يناير ٢٠٢٣

★

آراء طلاب أكاديمية CISI

Passed on my first try

The ESCA rules are complicated, but the breakdown here is very clear. It helped me pass first time.

Rajesh K.

· ٨ يونيو ٢٠٢٦

★

آراء طلاب أكاديمية CISI

Great platforms course

The PWMSP notes are very thorough. They helped me understand platforms and wrappers easily. The practice tests are very realistic.

Sarah M.

· ٤ أغسطس ٢٠٢٦

★

آراء طلاب أكاديمية CISI

Solid practice questions

Solid question bank that covers all the tricky parts of the syllabus. Better than just reading the textbook on my own.

Abdullah N.

· ١ أكتوبر ٢٠٢٥

★

آراء طلاب أكاديمية CISI

Best Arabic prep

It's hard to find good Arabic prep for IISI, but this is the best. The mock exams are very accurate. Scored 84%!

رد أكاديمية CISI

Thank you! Best of luck in your finance career.

Kiran R.

· ٢٢ فبراير ٢٠٢٦

★

آراء طلاب أكاديمية CISI

GSO clearing made simple

The diagrams make the difference between clearing and settlement very clear. Passed GSO today!

الأسئلة الشائعة

No. This is the Level 4 Securities technical unit in the Investment Advice Diploma. Level 3 Securities remains a separate course with its own workbook and assessment.

The official assessment has 80 multiple-choice questions in two hours. The official sample gives a pass boundary of 56 correct answers, equivalent to 70%.

Fixed-Income Securities and Equities each have a base allocation of 20 out of 80 questions. Official papers may vary by up to two questions per element.

Eight chapters, 268 recall and calculation cards, 273 revision references including 50 worked examples, an AI tutor and 400 practice questions across five mock exams. Audio lessons cover all eight chapters, with female and male voices.

It covers the Securities technical unit. The IAD also requires its core units, including UK Regulation and Professional Integrity and Investment, Risk and Taxation, subject to CISI requirements.

Check the CISI Candidate Updates page for your examination date. The lessons distinguish the retained workbook and applicable update from separately dated current-rule clarifications.

نعم! يمكنك اختبار معلوماتك من خلال اختبار الأوراق المالية من CISI – المستوى الرابع (IAD) التجريبي المجاني أدناه، ويضم 15 سؤالاً من موضوع واحد محدد في المنهج مع الشروحات. هذه ليست محاكاة كاملة للامتحان ولا تقييماً شاملاً للجاهزية.

معاينة تفاعلية

أسئلة نموذجية وممارسة مجانية

الأمثلة التعليمية أدناه من مواد النسخة الإنجليزية. يمكنك تغيير لغة المواد من خيار «لغة الكتاب» أعلى الصفحة.

جرب 15 سؤالاً من Equities

تعرض هذه المعاينة جزءًا واحدًا من الدورة. جرب هذا الاختبار القصير للموضوع، ثم فتح الدورة الكاملة لتحصل على اختبارات محاكاة شاملة وتغطية كاملة.

اختبار سريع

Equities

السؤال 1 من 15

What distinguishes a cumulative preference dividend?

1 / 15

بطاقات استذكار

البطاقة 1 من 10Chapter 1

السؤال

Why can a capital-stable deposit still be unsuitable for an investor?

انقر للقلب ورؤية الإجابة

التعلّم المركّز

المواضيع الهامة للاختبار10

1.1.1: Deposit return, access and protection
1.1.2: Treasury bills and discount yield
1.1.3: Commercial paper programmes
1.1.4: Repo, collateral and documentation
1.2.1: FX quotes and market structure
1.2.2: Determinants of exchange rates
1.2.3: Forward FX arithmetic
1.2.4: Choosing a currency hedge
Deposit comparison and protection
Treasury-bill issuance and access

الأخطاء الشائعة لتجنبها3

فخاخ الامتحان3

الأرقام المهمة10

1.1.1: A cash deposit earns interest rather than capital growth. Compare the institution and its credit standing, the term, notice period, early-withdrawal penalty, and whether the rate is fixed or variable. Annual equivalent rate allows for compounding; it is not automatically the same as a quoted simple rate. The exact real return is (1 + nominal return)/(1 + inflation) − 1, using decimals. A positive interest rate can therefore leave purchasing power lower. Foreign-currency deposits add conversion costs, exchange-rate risk, local protection and tax considerations, and possible exchange controls affecting repatriation. A structured deposit links its return to an index or other benchmark, often with a cap or participation rate, while return of capital is a contractual promise at maturity subject to the deposit taker’s ability to pay. It need not provide ordinary interest or early access. A two-year total participation payoff must not be described as annual income. Deposit compensation is a statutory eligibility question, not an unconditional guarantee for every product or amount; check the dated protection note before applying a monetary limit. Current-rule note, checked 9 October 2026: since 1 December 2025 FSCS deposit protection is normally £120,000 per eligible person per authorised firm, with deposits under a shared banking licence aggregated. Certain qualifying temporary high balances have protection up to £1.4 million for six months; personal injury, disability and incapacity cases have different, potentially unlimited protection. The workbook’s £85,000 and £1 million figures are historical, not current limits. Money-market fund units are investments, not protected bank deposits merely because their portfolios hold cash instruments.
1.1.2: Treasury bills provide short-term government funding and cash-management instruments. The UK DMO issues bills by competitive tender: successful bidders pay the price bid, and retail access to tenders is through primary participants. The retained syllabus discusses 28-, 91- and 182-day bills, with maturity below one year at issue. It distinguishes a £500,000 minimum nominal tender bid, £50,000 increments above that, and a £25,000 secondary-market denomination. These are different market stages. Bills have no periodic coupon and redeem at nominal value; the difference from purchase cost is the investor’s return. For face value F, purchase price P and d days, simple annual investment yield is (F − P)/P × 365/d under Actual/365, whereas the discount rate is (F − P)/F × 365/d. Do not omit brackets or confuse a discount quotation with a yield on money invested. UK bills normally settle on the following business day. Historically published DMO reference prices were indicative valuation inputs rather than executable dealer prices. Government credit quality does not eliminate interest-rate, reinvestment or inflation risk.
1.1.3: Commercial paper allows issuers to fund short-term liquidity needs directly in the market rather than solely through bank borrowing. Ordinary CP is generally an unsecured discount instrument; asset-backed CP is supported by assets such as trade, loan or credit-card receivables and requires analysis of both structure and underlying credit quality. The source describes frequent one-to-three-month issuance and US programmes commonly kept within 270 days for the stated registration exemption; that threshold is not a universal global maturity rule. The UK quotation convention discussed uses Actual/365, while many other markets use Actual/360. A direct issuer sells to investors itself; dealer paper uses an intermediary. Programmes issue successive amounts and maturities as funding is required, rather than one single long-term bond issue. Credit ratings help differentiate issuers but do not promise repayment. The secondary market can be inactive, so an investor expecting to sell before maturity must examine dealer support, settlement arrangements and liquidity rather than relying only on the short tenor.
1.2.3: A forward exchange rate fixes today the exchange terms for a later value date. With a spot quote S in quote-currency units per base-currency unit, covered interest parity gives F = S × (1 + r_quote × t)/(1 + r_base × t) for simple annual rates and a common year fraction t. Use separate day fractions if the currencies use different stated bases. This is a no-arbitrage financing relationship under the assumptions, not a forecast of future spot. Forward points must be converted to the same units as the spot quote before adding or subtracting. For the workbook’s explicitly labelled “pm” forward adjustment subtract the stated points; for “dis” add them. These labels must be read with that quotation convention: an outright rate above spot means the base currency costs more quote currency forward, while a lower rate means less. Apply each adjustment to the corresponding bid or offer, then check that bid remains below offer. A description such as 0.50 cents means 0.0050 currency units, not 0.50 units. Do not turn a spread pattern from a worked example into a rule that all forward spreads must be wider than spot.
Discount and investment yield: Discount yield = (F − P) / F × B/d; investment yield = (F − P) / P × B/d Inputs: Face £100; price £98.50; 90 days; stated basis 365 Answer: 6.0833% discount yield; 6.1760% investment yield.
Price from a discount rate: P = F × (1 − yd/B) Inputs: Face £500,000; discount rate 4%; 91 days; basis 365 Answer: £495,013.70.
Simple deposit interest: Interest = principal × annual rate × days / basis Inputs: £25,000; 3.6% a year; 120 days; stated basis 365 Answer: Interest £295.89; maturity value £25,295.89.
Exact real return: Real return = (1 + nominal return)/(1 + inflation) − 1 Inputs: Nominal one-year return 5%; inflation 3% Answer: 1.94175%.
Repo repurchase price: Repurchase = cash × (1 + rt) Inputs: Cash £2m; repo rate 4.5%; 7 days; basis 365 Answer: £2,001,726.03.
Collateral haircut: Cash advanced = collateral market value × (1 − haircut) Inputs: Collateral £1m; haircut 3%; no other adjustment Answer: £970,000 cash advanced.

Chapter 1: Cash, Money Markets and the Foreign Exchange (FX) Market

Cash instruments differ in access, credit exposure and quotation. Establish the legal claim and units before assessing return or hedging a currency cash flow.

1.1.1: Deposit return, access and protection

A cash deposit earns interest rather than capital growth. Compare the institution and its credit standing, the term, notice period, early-withdrawal penalty, and whether the rate is fixed or variable. Annual equivalent rate allows for compounding; it is not automatically the same as a quoted simple rate. The exact real return is (1 + nominal return)/(1 + inflation) − 1, using decimals. A positive interest rate can therefore leave purchasing power lower. Foreign-currency deposits add conversion costs, exchange-rate risk, local protection and tax considerations, and possible exchange co…

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أدوات مذاكرة متكيّفة

ركّز على نقاط الضعف، وتعلّم مع التغذية الراجعة، ثم انتقل إلى ظروف الامتحان.

وضعا المذاكرة

تعلّم أولاً، ثم اختبر جاهزيتك.

تعلّم مع التغذية الراجعة، ثم انتقل إلى ظروف الامتحان.

وضع الدراسة

تصحيح وشرح فوري

شاهد الإجابة والشرح بعد كل اختيار.

وضع الامتحان

محاكاة واقعية للامتحان

استخدم المؤقت وأبقِ الإجابات مخفية، ثم راجع نتيجتك.

لمن هذه الدورة؟

✓ Candidates taking the Securities technical unit in the Investment Advice Diploma

✓ Investment advisers and portfolio professionals studying securities markets

✓ Learners preparing for Level 4 bond, equity and portfolio applications

★★★★★ 4.7 (1712 تقييماً لمنصة CISI Academy)