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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: FICC Derivatives | 20% | - Interest rate swaps and futures - Derivatives pricing and mechanics - Forward Rate Agreements (FRAs) - Basic options concepts |
| Topic 2: Foreign Exchange (FX) | 25% | - Forward FX and cross rates - FX calculations and settlement - Spot FX conventions and pricing - Precious metals and commodities conventions |
| Topic 3: Rates (Money and Interest Rate Markets) | 25% | - Money market instruments - Short-term debt securities - Interest rate calculations and day count - Yield curves and repo transactions |
| Topic 4: Financial Markets Environment | 20% | - Central bank roles and monetary policy - Regulatory frameworks and codes of conduct - FX Global Code and ethics - Market participants and structure |
| Topic 5: Financial Markets Applications | 10% | - Market conventions and settlement procedures - Asset and liability management - Hedging and exposure management - Risk management principles |
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