固定收益认证

The ICMA Fixed Income Certificate (FIC) is a professional qualification that places strong emphasis on practical skills, based on a thorough understanding of valuation principles and the relationships between the cash and derivatives markets. The current programme covers the following subjects:

• Trading the Yield Curve with Cash Market Securities
  Fixed income securities & interest rates
  Monetary policy & the yield curve
  Interest rate risk
  Trading views on the yield curve with cash instruments
  Financial fixed income trades
  Bonds with embedded options
  Inflation-indexed bonds
  Sovereign credit risk & sovereign ratings
  Fixed income market practice & regulation

• Interest Rate Derivatives
  Short-term interest rate (STIR) futures
  Bond futures
  Interest rate swaps & swap futures
  Interest rate options
  Inflation derivatives
  Counterparty risk in derivatives
  Derivative market practice & regulation

• Credit Trading
  Credit risk & credit spreads
  Default probability & expected recovery
  Credit analysis & credit ratings
  Securitisation
  Credit default swaps & credit default swaptions
  Credit trading & hedging with single name CDS
  Credit trading with index CDS
  Credit trading with CDS index tranches
  CDS pricing & revaluation