SLICM convocation ceremony today

THE 16th Convocation and Awards ceremony of the Sri Lanka Institute of Credit Management (SLICM) is scheduled to be held today, 15 December, from 5.00 pm onwards at the Hotel Taj Samudra, Colombo.

Governor of the Central Banks of Sri Lanka Ajith Nivard Cabraal will be the Chief Guest. The main events at the convocation are awarding diplomas and prizes to candidates who have successfully completed the Diploma in Credit Management examinations in 2008 and 2009.

Ninety eight students from the 2008 and 2009 batches will receive Diploma Certificates and 42 special awards too will be given to the students with outstanding achievements.  The SLICM was established in 1988 under the Companies Act. Having successfully carried out and transacted the objects and matters for which it was established due recognition was afforded by the state by incorporating the SLICM under the Sri Lanka Institute of Credit Management Act No. 7 of 2000.

It is an educational institute established to improve professional competence in the field of credit management and afford opportunities for acquiring professional qualifications. SLICM was formed to provide personnel with skills in credit management to the banking and non-banking financial services sectors and globally to all businesses providing credit.

The institute has so far trained 1369 students from 110 institutions. The Diploma classes are held on Sundays at the institute’s auditorium with the assistance of senior and competent lecturers with proven track records in their respective fields.

The Diploma Course in Credit Management conducted by SLICM covers 10 key areas such as credit management, business law, marketing and economics, business communication with information technology, accountancy and finance, international finance and banking, management principles and HRD and finally a research report on a credit related subject in enhancing students’ practical approach on credit management.  The course is annually conducted by the institute and spans a period of 15 months. Students are assessed on two examinations, Module I (Intermediate Level) and Module II (Final Level) and a Research Report that has to be submitted.

Successful students with the requisite work experience are entitled to apply for Associate Membership which entitles them to use the affix AICM. In recognition of the high standards maintained by the SLICM, the Institute the Institute of Credit Management UK (ICM UK) has exempted AICM holders from their (ICM UK) examinations and has granted them Associate Membership entitling them to use the affix AICM (UK).