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ICMA HR0-002 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Credit Trading | - CDS indices and structured credit products - Credit default swaps (CDS) and credit hedging - Default probability and recovery rates - Credit risk, spreads, and ratings |
| Topic 2: Interest Rate Derivatives | - Counterparty risk and derivatives market practice - Interest rate options and inflation derivatives - STIR futures and bond futures - Interest rate swaps and swap futures |
| Topic 3: Structured Securities | - Securitisation basics - Inflation-linked securities - Bonds with embedded options |
| Topic 4: Fixed Income Analysis | - Monetary policy and yield curve dynamics - Interest rate risk measurement and management - Fixed income securities and interest rates |
| Topic 5: Portfolio and Risk Management | - Hedging strategies and risk management - Fixed income portfolio construction - Market practice and regulatory considerations |
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