Diploma in Asset Finance (DipAF)

Professional Qualifications

Diploma in Asset Finance (DipAF)

Developed in partnership with The Finance & Leasing Association, the Diploma in Asset Finance supports asset finance specialists in developing their knowledge and skills and enhancing their professional credentials.
four professionals sitting around a table

About the qualification

DipAF has been developed in collaboration with The Finance & Leasing Association (FLA) and in consultation with the industry. Its content reflects the understanding and knowledge required for specialists in this area to perform effectively.

FLA logoAs a specialist working in the asset finance sector, DipAF provides you with the required in-depth knowledge to operate effectively as you build your career. For those already working within the sector, DipAF provides you the opportunity to attain a recognised qualification that has been specifically designed to support your industry. The qualification is formed of three units taking you from an introduction to asset finance right through to the sales and account-management processes. 

The Diploma in Asset Finance is a Level 5 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).




Key Facts

  • Structured study – see ‘Studying’ section for start dates
  • Comprehensive study materials are provided
  • Combination of multiple-choice exams, coursework assessments and written exam
  • Upon completion, you are able to use the 'DipAF' designation after your name

Units

DipAF consists of three units.

Unit 1 - Business Management and The Provision of Asset Finance (BMAF)

An introduction to the asset finance industry, including the background and evolution, and the business management and competitive strategy of asset finance providers. As well as the options available for providing asset finance.

Unit 2 - The Legal and Regulatory Requirements of Asset Finance (LRAF)

The legal and regulatory landscape of asset finance, the roles and powers of the regulators  and the key acts and the FLA’s Business Finance Code.

Unit 3 - The Sales and Account-Management Processes of Asset Finance (SAAF)

The sales process and account management process within asset finance and how to analyse and evaluate the key aspects and considerations.

CPQ Blue Testimonial

By investing in the future of the asset finance sector, we are helping to secure its vital role in the UK’s business funding landscape.

Stephen Sklaroff -Director General of the FLA

Studying

June 2017 Study Timetable
November 2016 Study Timetable
January 2018 Study Timetable


Your registration fee includes the following study support:

  • Online access to study texts
  • Glossary of key terms    
  • Webinars
  • Student handbook
  • Live workshop
  • Access to online tutor forum
  • Specimen papers

Total Qualification Time = 436 hours

Assessment

Units 1 and 2 are each assessed through a coursework task and a 1-hour multiple-choice question exam.

Unit 3 is assessed through a 2-hour multiple-choice question exam and a final written exam.

The multiple-choice exams can be taken at over 150 Pearson VUE centres nationwide with the result provided on the day.

View information on examination booking and venues 
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Tutoring-LIBF

Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

 

After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
 
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 
 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

Contact

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

FAQs
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