9 items with this tag.
Topic 14: Credit Risk Learning Objectives Coverage LO1: Describe credit risk and its components, probability of default and loss given default Core Concept exam-focus credit-analysis Credit risk is the risk of economic loss resulting from a borrower’s failure to make full and timely payments of inte...
Topic 15: Credit Analysis for Government Issuers Learning Objectives Coverage LO1: Explain special considerations when evaluating the credit of sovereign and non-sovereign government debt issuers and issues Core Concept exam-focus credit-analysis Government credit analysis evaluates the ability and ...
Topic 16: Credit Analysis for Corporate Issuers Learning Objectives Coverage LO1: Describe the qualitative and quantitative factors used to evaluate a corporate borrower’s creditworthiness Core Concept exam-focus credit-analysis Corporate credit analysis evaluates a company’s ability and willingness...
Topic 17: Fixed-Income Securitization Learning Objectives Coverage LO1: Explain benefits of securitization for issuers, investors, economies, and financial markets Core Concept exam-focus Securitization transforms illiquid assets into marketable securities by pooling cash flows and redistributing th...
Topic 18: Asset-Backed Security (ABS) Instrument and Market Features Learning Objectives Coverage LO1: Describe characteristics and risks of covered bonds and how they differ from other asset-backed securities Core Concept exam-focus Covered bonds are senior debt obligations issued by financial inst...
Fixed-Income Issuance and Trading Learning Objectives Coverage LO1: Describe fixed-income market segments and their issuer and investor participants Core Concept exam-focus Fixed-income instruments and markets are categorized along three dimensions: issuer type (sector), credit quality, and time to ...
Topic 13: Curve-Based and Empirical Fixed-Income Risk Measures Learning Objectives Coverage LO1: Explain why effective duration and effective convexity are the most appropriate measures of interest rate risk for bonds with embedded options Core Concept exam-focus Effective duration and convexity mea...
Topic 7: Yield and Yield Spread Measures for Fixed-Rate Bonds Learning Objectives Coverage LO1: Calculate annual yield on a bond for varying compounding periods in a year Core Concept Definition: Bond yields can be expressed with different compounding frequencies (periodicity), requiring conversion ...
Topic 8: Yield and Yield Spread Measures for Floating-Rate Instruments Learning Objectives Coverage LO1: Calculate and interpret yield spread measures for floating-rate instruments Core Concept Definition: Floating-rate notes (FRNs) have coupons that reset periodically based on a reference rate plus...