Classic Credit Products: This section of the exam covers traditional lending instruments like loans and bonds used by banks and financial institutions.
Classic Credit Life Cycle: This section covers the stages a credit product goes through, from origination to maturity or default.
Classic Credit Risk Methodology: This section covers conventional approaches to assessing and quantifying the risk of borrower default.
Credit Derivatives and Securitization: In this section, the topics covered include financial instruments that transfer credit risk and pool debt-based assets into tradable securities.
Modern Credit Risk Modeling: This section covers advanced statistical and mathematical techniques for measuring and managing credit risk.
Credit Portfolio Management: This section covers strategies for optimizing the overall risk and return of a collection of credit exposures.
Basics of Counterparty Risk: This section covers fundamental concepts related to the risk of a counterparty failing to fulfill their contractual obligations.
Risk Mitigation: This section covers techniques and tools used to reduce or transfer various types of financial risks.
Credit Valuation Adjustment (CVA): This section covers an adjustment to the fair value of derivatives to account for counterparty credit risk.
CVA-related Aspects: This section covers additional considerations and implications associated with Credit Valuation Adjustment.
Managing Counterparty Risk and CVA: This section covers strategies and practices for controlling exposure to counterparty default and optimizing CVA.