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ICMA HR0-002 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Credit Analysis & Credit Derivatives | 15% | - Securitization and structured credit - Credit risk measurement and rating - Credit default swaps (CDS) |
| Topic 2: Portfolio & Risk Management | 15% | - Hedging interest rate and credit risk - Regulatory and market conventions - Fixed income portfolio construction |
| Topic 3: Fixed Income Analysis & Valuation | 25% | - Bond pricing and yield measures - Interest rate risk and duration/convexity - Term structure of interest rates |
| Topic 4: Structured & Embedded Option Securities | 20% | - Convertible and exchangeable bonds - Inflation-linked securities - Bonds with embedded call/put options |
| Topic 5: Interest Rate Derivatives | 25% | - Futures and forward rate agreements - Interest rate swaps and options - Valuation and risk management of derivatives |







