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