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Erudite AfricaCenter of Excellence
← Brokerage Operations and Client Advisory

Client assets, fees and first advice

Module 03 / 5 · 65 min

Keep client money and securities safe and reconciled, explain every Birr of cost, give sound first advice, and run the simulated trading day for three clients.

In this module you will learn to

  • Apply client money and securities segregation and reconcile the client account daily
  • Compute and explain commission, ECMA transaction fees and exchange fees for share and bond trades
  • Explain risk, diversification and suitability to a first-time investor without promising returns
  • Complete onboarding, orders and settlement paperwork for three clients in a simulated trading day

Built on

  • Erudite Africa course specification 2.e: Brokerage Operations and Client Advisory, Levels 1 and 2 (October 2026)
  • Erudite Africa: Ethiopian Context programme overview and regulatory register (October 2026)
  • Capital Market Proclamation No. 1248/2021; ECMA Directives No. 980/2024 (licensing and supervision) and No. 996/2024 (fees)
  • ESX Rulebook (December 2024)
  • NBE Directive No. FXD/01/2024 as amended, and the NBE Monetary Policy Committee release No. 7 (July 2026)
  • AML/CFT and personal data protection laws as reported in the regulatory register (numbers to be confirmed)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.