A. How To Win

Be the first player to reach SGX an Ending Capital equivalent, or more than that located on your Fate Card.
Once a player reaches SGX, that player is the winner, and the game is over.



B. How To Set Up The Game

1. Open up and place the board on a flat surface.

2. Shuffle the Venture Capitalist, Market, Banks, Public Co. and Action cards. Place them facing down on into their corresponding coloured holders. There should be 6 holders and stacks of cards present. Out of the 6 holders, 2 holders are meant for the placing of Action cards.

3. Distribute a Personal Portfolio each player. Take a moment to understand the different components on this sheet. All your transactions will be recorded from time to time, on this sheet. Hence, familarise yourself with the form.

4. Shuffle the Fate Cards and allow each player to pick one randomly. For reusability of the Personal Portfolio, pencils should be used in this game. You must transfer the information, exactly as it is, from your Fate Card to your Personal Portfolio.

5. Copy the Information on the 8 Public Companies onto the whiteboard provided. Changes would be periodically done to this board.



C. Materials Required To Play

First and foremost, below are three essential materials that are required for great game play! Please do take some time to gather these stationeries before you start.
- Pencils
- Erasers
- Calculators



D. How To Play / Rules & Regulations

1. Ensure that you have a Counter Piece. Place your Counter Pieces on any of the 8 large circles on the outermost lining of the web. This lining is indicated in orange.

2. Identify the player with the lowest Start-up Capital. This player will be the first to go. The game will continue in a clockwise direction. (The next person would be the person on the left of this player.) The cycle then repeats itself.

3. When you select an Action, Venture Capitalist, Bank or a Public Co. card, you are known as the
answerer. The player to your left of the answerer must read the card out aloud, and the answerer must answer the question. You must remember to not read the card yourself. Player on the left, do not show the card to the answerer. If you have to, remember to cover the answer well.

4. Players in Listing on the Web! must choose an Action Card at the beginning of the game (when your game piece is still in a large orange circle). Upon answering the question correctly, you will move a certain number of steps (as indicated on the card itself). You may land on a small circle or another large coloured circle.

5. A small circle means that you must draw a Market Card.

6. When you draw a Market card, you are required to read this card aloud as all economic news may affect the other players.

7. A large coloured circle means that you must draw a corresponding coloured card (green circle with a green Venture Capitalist Card, etc.)

8. If you answer a question wrongly in different instances, the card may indicate a bonus move or none at all.

9. You are allowed to move forward, backward or sideways. However, your ending position must not be the same as your starting position.

10. Action Cards have setbacks as well, and must be strictly adhered to. This can be in terms of a:
i) Skip Card. You are required to skip either 1 or 2 turns. This would be specified on the card itself.
ii) Unlucky Card. It states “today is your unlucky day”. This card requires you to revert to your starting positions. (I.e. your original large orange circle)



E. Descriptions For Items In Lising On The Web

Equipment

- There is an A2 sized board
- 30 Public Co. cards
- 30 Venture Capitalist cards
- 30 Bank cards
- 150 Action cards
- 80 Market cards
- 8 Jellybean counters


Fate Cards (Private Companies)

You, as a player represent a particular private company. This happens to be a group of 8 different Private Companies. To each company, there is a Start-up Capital and a Target Capital/Ending Capital. Before the game commences, the information on your Fate Card should be copied onto your Personal Portfolio, and changes be made to it throughout the game. You will have to pick your Fate Cards at random, to determine your Start-up Capital and your Target Capital. In order to win, you will have to meet the Target Capital when you reach SGX.


Action Cards

Each player has to draw an Action Card when it is their turn. This would determine the number of steps they are allowed to move. But in order to do so, they have to first answer the question on the card. The answers are also printed on the card itself. As a result, the player is not allowed to look at the card. Instead, the player to the left will read out the question and the options given.

The number of steps is indicated on the card, such as the following:

Correct: 4 steps / Wrong: 2 steps

If the player answers the question correctly, he would be able to move four steps in any directions. However, if the player answers wrongly, he would only be able to move 2 steps.

The Action Cards comprises questions regarding the corporate securities, venture capital funding, IPO, Rights Issue, Share Placement, Mergers & Acquisitions, Debt Securities and Hybrid Instruments, Capital Restructuring and its effect on pricing. As such, players of the game must have a rough background on these areas so as to interest them.

Other than questions themselves, incentives are also given to players who draw Action Cards. There are Elimination cards as well as Lucky cards. For Elimination cards, it will help players eliminate one option from Multiple Choice Question. The Lucky cards will allow players to move 3,2 or 1 steps without answering the questions.

As there are incentives, there must also be deterrents. There are the Skip and Unlucky cards. If the player picks a Skip card, they would have to skip 1 or 2 turns in different occasions. For cards that say “today is your unlucky day”, players will have to move back to their original orange circles!


Bank Cards

Bank card questions help a player increase their capital. In answering a question correctly, players get to earn $5,000 which would help them to increase their capital in hope of winning the game. If a question is answered wrongly, the player does not get any capital.

In this section, players need to have a rough idea of the Bank’s Businesses. Some of the areas covered would be the functions of banks, bank loans, the different types of banks in Singapore (both local and foreign), deposits, credit cards and the Monetary Authority of Singapore (MAS).


Venture Capitalist Cards

Venture Capitalist questions, like banks, help a player to increase their capital. In answering a question correctly, players would get to earn a sum of $10,000. This sum would be an essential contribution to their total capital so as to win the game. If a question is answered wrongly, the player does not get any capital.

In this section of the game, players need to have a rough idea on what Venture Capitalists do and seek for. They need to know how they function and their lending policies. For example, Venture capitalists having higher risk appetites than banks, hence higher lending policies. Players need to know why Venture Capitalists are being preferred over other forms of obtaining funds, as well as the basic differences between Venture Capitalists and Banks.

In this game, Venture Capitalists and Banks will be the lenders to the private companies. When you land on a Bank (red large dot) or Venture Capitalist (green large dot), you will get a chance to borrow from them. Upon answering the questions correctly, you will receive $10,000 from the Venture Capitalist and $5,000 from the bank. However, they may have difficulties in lending you money depending on the market conditions. This could be in the form in the example given: “Standard Bar has loosened its lending policy. Anyone who lands on Standard Bar for the next three players’ turns will be granted financing without answering a question.”


Market Cards

Market Cards are used to deliver news on the economy. The economy tends to be volatile and fluctuational in nature. As such, Market Cards are used to bring about the up’s and down’s that the real world experiences. These cards are similar to Action Cards except that they are only drawn when a player lands on a small circle.

Market Cards comprise expectations of the economy such as the bullish and bearish nature and how it would affect a player. Public Companies issuance of Rights and Bonus Issues would be largely affected by the Market Cards as well. Banks and Venture Capitalist’s lending policies could be tightened or loosened in certain scenarios. Crises and news could also affect Banks, Venture Capitalists, Public Companies and even Private Companies. As such, many good opportunities could be seized to increase total capital based on these cards alone..


Public Company Cards

When you land on any Public Company lot, you can pick up a Public Company card. The card contains a question, which if answered correctly; you may buy shares of any Public Companies. Details of the public companies are listed below, and you must buy a minimum of one lot (1,000 shares) at the current market price.

The questions on the Public Company cards aim to test you on how Private Companies can be listed on the SGX mainboard, or even secondary boards like the Catalist. Topics also cover areas such as criterias that a company needs to fufill, methods that a company take to acquire shares during IPO. In addition, you will also need to know about the roles and importance of the various institutions and banks in the process of the IPO.

In this way, you will understand how the market conditions can affect the share prices of the public companies. By incorporating another aspect of corporate finance, you will learn of how it feels like to own shares of a company with ongoing fluctuations in the market.























1. The above information should be copied onto the whiteboard provided.

2. Starting market price is the initial market price for all 8 public companies. The outstanding balance refers to the number of shares each company intends to issue.

3. The market price will keep changing so long as there is any movement in the market. For example, a piece of news that goes: “Oh No! Property markets are not doing well now. Supply is more than demand. Capita Park shares decrease by $4 per share”. This will then cause Capita Park Shares to drop from $35 to $31.

4. When players land on a public company circle (large blue circle), players are allowed to buy any public shares. The minimum purchase is 1 lot.

5. When players buy shares, the outstanding balance will be reduced appropriately. For example, BunTalk currently has 100,000 shares available for purchase. When player A buys 3 lots of BunTalk shares, the outstanding balance will change from 100,000 to 97,000.


Personal Portfolio























1. Personal Portfolio basically is a recording sheet. At the beginning of the game, each player will have to pick a “FATE” card to determine their start-up capital and target capital. They will then record on the Personal Portfolio.

2. While playing the games, players will land on the big blue dot which is the public companies. This allows them to buy the public companies’ shares.

3. After purchasing the shares, they will have to indicate a buy on the B/S column. B stands for buy and S stands for Sell. For bonus issue, no shares are bought or sold. Therefore a dash will be indicated. For the rights issue, if the players want to purchase it, B will be indicated at the column

4. Players will then record down the name of the shares, number of lots they bought, cost of one shares and the total amount. This recording will allow them to know how many shares they bought at a certain price.

5. Players are also allowed to sell their shares. When they sell their shares, players have to indicate the amount gained or loss.

6. Players will then have to sum up the net total amount which is the summation of net gain or loss plus the start-up capital.

7. Next, when players land on the big red or green dot, banks and venture capitalist will lend money to the players provided that they answered the question correctly.

8. The names of the six banks and six venture capitalists are on the template. Therefore, players have to record the amount they borrowed from each bank or venture capitalist. Again, players will have to sum up the total amount of funds borrowed from banks (B) and venture capitalists(C).

9. Lastly, players will sum up all (A), (B) and (C) to know their total capital. This total capital will have to be equivalent to the target capital in order to land on SGX.



F. A GENTLE REMINDER!

1. Your goal ultimately is to be the first to list on the SGX in the shortest time possible, with sufficient Ending Capital.

2. Read the Market Cards aloud. Each piece of economic news could affect your financial position and short-term choices.

3. When you select an Action, Venture Capitalist, Bank or a Public Co. card, you are known as the answerer. The player to your left of the answerer must read the card out aloud, and the answerer must answer the question. You must not read the card yourself.

4. Adjust your strategy to list on the SGX as the market conditions change.

5. Be aware of the other players’ strategies and use this to your advantage in progressing in the game.

12:01 AM

If there you can't view this video, here is a direct link: http://s60.photobucket.com/albums/h27/kristen888_2006/?action=view&current=cfasvideo.flv

12:00 AM