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




