🇸🇬 Investment Products & Analysis

CMFAS CM-EIP Exam Preparation

Prepare for the IBF-administered CMFAS CM-EIP examination with source-grounded coverage of securities, collective investment schemes, foreign exchange, valuation, fixed income and portfolio management.

450 Practice Questions Detailed Study Notes Realistic mock exams
CMFAS CM-EIP – Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange

Qualification facts verified against Current examinable source – Version 1.1 update applied. Last checked 2026-08-03. Official IBF CMFAS study-guide page. The supplied official study guide controls the learning content. The official November 2024 Version 1.1 update effective for January 2025 examinations onwards is applied to the CPF Investment Risk Classification System. Official IBF sources verify the exact title, administering body, 90-question format, 150-minute duration, three case studies and 70% pass mark.

CM-EIP practice inventory

  • Five full-length 90-question mock exams
  • 360 distinct questions across Mocks 1-4
  • Three case studies in every mock
  • 244 active-recall flashcards
  • 237 searchable reference items
  • Twelve detailed chapter summaries
Unlimited Training
Self-Paced Learning
Certificate of Completion
AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

Interactive Playground

Explore our interactive learning tools below

Sample Question 1 of 10

Which statement accurately describes Total return in CM-EIP Chapter 2?

This is just a taste — the full course includes far more

Prepare for the CMFAS CM-EIP examination

CM-EIP covers the investment knowledge and analysis used across securities, collective investment schemes and foreign exchange. Its twelve chapters move from investor and market foundations through risk and return, market drivers, FX, financial statements, equities, fixed income, portfolio management, funds, insurance, warrants, technical analysis and integrated case studies.

The course applies the current Version 1.1 update to the CPF Investment Risk Classification System. Study with twelve detailed summaries, 244 active-recall flashcards, a 237-item searchable reference sheet, five timed 90-question mock exams and a tutor grounded in the CM-EIP material.

Practise the official assessment format

The official examination contains 90 multiple-choice and multiple-response questions, lasts 150 minutes and requires 70% to pass. It includes three case studies with three questions each. Every course mock retains the 90-question format, includes three case studies and applies the same time and pass threshold. IBF does not publish chapter weights, so the course allocation is a transparent practice design based on source breadth rather than an official weighting claim.

🇸🇬 Local market guide

CMFAS CM-EIP – Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange: Singapore pathway, booking and careers

Review the CMFAS pathway, official booking route and investment-product analysis career context before paying the examination fee.

Regulator and qualification pathway

CM-EIP is an IBF-administered CMFAS examination covering securities, collective investment schemes, foreign exchange, valuation and portfolio concepts. The employing financial institution should confirm the complete module combination required for the candidate's intended regulated activity.

Monetary Authority of Singapore and Institute of Banking & Finance Singapore

Booking and official examination

Use IBF's official CMFAS examination channel to check the current schedule, registration requirements, fees and assessment-centre instructions. Confirm that the latest CM-EIP study guide remains examinable before booking.

View official IBF CMFAS exam details

Career and employer context

CM-EIP is relevant to investment-product analysis, advisory, wealth, brokerage, operations, risk and compliance roles. The employer determines the full CMFAS module combination required for the actual regulated activity.

Price and currency

Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official IBF examination fee and official study guide are separate from the course purchase.

Exam Format & Details

Assessment 90 multiple-choice and multiple-response questions, including three case studies with three questions each
Duration 150 Minutes
Standard Pass Mark 70%

Preparation Package at a Glance

Feature Exams Academy Details
Access Period
Lifetime Access
One-time enrollment with no recurring fee
Practice Exams
Unlimited Retakes
Five full-length 90-question mock exams
Study Support
Instant 24/7 AI Tutor
Self-service AI support; live instructor support is not included
Cost
$189 (One-Time)
One-time payment with no recurring subscription

Key Benefits

Five Full-Length CM-EIP Mock Exams

Practise the official 90-question structure under a 150-minute timer with the 70% pass mark applied.

  • 360 distinct questions across Mocks 1-4.
  • Three case studies with three questions each in every paper.
  • Multiple-response reasoning through combination answers.

Complete Investment-Product Revision

Connect securities, funds, foreign exchange, fixed income, valuation and portfolio concepts across all twelve chapters.

  • Twelve detailed chapter summaries.
  • 244 flashcards including formula and number recall.
  • 237 searchable definitions, relationships and exam traps.

CM-EIP-Grounded Tutor

Clarify calculations, market relationships and product distinctions inside the learning platform.

  • Context from every official chapter.
  • Answers preserve formulas, units, instruments and assumptions.
  • Current CPFIS Version 1.1 classification built in.

Practice Built for Singapore

Revise the IBF-administered CM-EIP pathway with Singapore market conventions and product context kept explicit.

  • Correct IBF—not SCI—course classification.
  • Singapore Government Securities day-count distinction.
  • Current CPFIS and deposit-insurance references.
New course feature

Learn first. Then prove you’re ready.

Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.

Study Mode

Instant feedback & explanations

Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.

  • Feedback after every choice
  • The correct answer shown clearly
  • A concise explanation while it matters
Exam Mode

Realistic exam simulation

Work against the official-style timer without revealing answers, then review your score and every explanation after submission.

  • Timer mirrors the exam duration
  • Answers stay hidden during the attempt
  • Score and explanations after submission

Syllabus

Module 1: Introduction to Investing, Investments and Financial Markets

🎧 Audio

Investor categories, financial assets, market structure, intermediaries, market quality and fintech.

  • Investor types
  • Financial assets
  • Primary and secondary markets
  • Market quality

Module 2: Risk, Return and Time Value Calculations

Return measures, statistical risk, risk management and time-value calculations.

  • Return measures
  • Variance and standard deviation
  • Risk types
  • Present and future value

Module 3: Key Drivers of Market Movements and Asset Values

Economic, political, industry, market-flow and behavioural drivers of asset values.

  • Economic policy
  • Business cycles
  • Industry analysis
  • Behavioural finance

Module 4: Foreign Exchange

Exchange-rate drivers, quotations, spot and forward dealing, currency risk and hedging.

  • FX quotations
  • Spot and forwards
  • Currency regimes
  • FX exposure

Module 5: Company Analysis and Understanding Financial Statements

Qualitative company analysis, financial statements, accounting relationships and ratios.

  • Qualitative analysis
  • Financial statements
  • Per-share measures
  • Ratio analysis

Module 6: Equity Securities

Share classes, equity indices, valuation methods, public offerings and depositary receipts.

  • Share classes
  • Equity indices
  • DCF and multiples
  • IPOs and depositary receipts

Module 7: Deposits and Fixed-Income Securities

Deposit protection, money-market instruments, bond features, risks, valuation and yields.

  • Deposits and money markets
  • Bond risks
  • Yield and valuation
  • Duration and convertibles

Module 8: Portfolio Management

Market efficiency, active and passive strategies, diversification, asset pricing and performance.

  • EMH
  • Diversification
  • CAPM and APT
  • Performance measurement

Module 9: ETFs, Unit Trusts, REITs and Insurance

Pooled investment vehicles, trusts, alternatives, insurance, annuities and current CPFIS risk classification.

  • ETFs and unit trusts
  • REITs and business trusts
  • Insurance and annuities
  • CPFIS risk classification

Module 10: Warrants

Warrant terminology, intrinsic and time value, gearing and price drivers.

  • Calls and puts
  • Intrinsic value
  • Time value
  • Warrant risks

Module 11: Technical Analysis and Quantitative Analysis

Price and volume indicators, trend analysis, chart patterns and quantitative models.

  • Trends
  • Indicators
  • Chart patterns
  • Quantitative analysis

Module 12: Case Studies

Integrated application across investors, return, FX, equities, bonds, portfolios, warrants and funds.

  • Integrated calculations
  • Product comparison
  • Portfolio decisions
  • Multiple-response method

Who Is This For?

Candidates preparing for the IBF-administered CMFAS CM-EIP examination
Prospective capital-markets representatives who need investment-product and analysis competence
Banking, brokerage, advisory, wealth, operations, risk and compliance professionals in Singapore
Learners building practical knowledge of securities, funds, FX, fixed income and portfolios

Preparation centre

Use these connected guides for the syllabus, exam format, booking and revision strategy.

View all insights

Frequently Asked Questions

CMFAS CM-EIP contains 90 multiple-choice and multiple-response questions and lasts 150 minutes. The paper includes three case studies with three questions each.

The official pass mark is 70%. Each full course mock uses the same threshold.

The Institute of Banking & Finance Singapore administers CM-EIP. It is not an SCI examination.

It covers investing and financial markets, risk and return, market drivers, FX, company analysis, equities, fixed income, portfolios, pooled funds, insurance, warrants, technical analysis and case studies.

Yes. The November 2024 Version 1.1 update effective for January 2025 exams onwards is applied to the CPF Investment Risk Classification System material.

Yes. The official guide permits a calculator and states that a formula sheet is provided.

No. IBF does not publish CM-EIP chapter weights. The course uses a documented practice allocation so every mock covers the complete source.

No. Exams Academy is an independent education provider and is not affiliated with or endorsed by IBF or MAS.

You receive lifetime access to the current course content with no recurring subscription fee.

Yes! Test your knowledge and see our AI tutor explanations with the free CMFAS CM-EIP – Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.

No. IBF administers CM-EIP; SCI administers a different set of CMFAS modules, including RES5.

Use IBF's official CMFAS examination channel to check the current schedule, registration requirements, fees and assessment-centre instructions. Confirm that the latest CM-EIP study guide remains examinable before booking.

Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official IBF examination fee and official study guide are separate from the course purchase.

Ready to Pass Your Exam?

Prepare for the IBF CMFAS CM-EIP exam with structured study notes, active practice, flashcards and a course-grounded tutor.

CMFAS CM-EIP – Capital Markets – Excluded Investment Products – Securities, Collective Investment Schemes (EIP) and Foreign Exchange
$189 $440 -57%