ICMA HR0-002 : ICMA International Fixed Income and Derivatives Cert. 2009

  • Exam Code: HR0-002
  • Exam Name: ICMA International Fixed Income and Derivatives Cert. 2009
  • Updated: Jul 18, 2026
  • Q & A: 100 Questions and Answers

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ICMA HR0-002 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Portfolio & Risk Management15%- Fixed income portfolio construction
- Regulatory and market conventions
- Hedging interest rate and credit risk
Topic 2: Interest Rate Derivatives25%- Futures and forward rate agreements
- Valuation and risk management of derivatives
- Interest rate swaps and options
Topic 3: Structured & Embedded Option Securities20%- Convertible and exchangeable bonds
- Bonds with embedded call/put options
- Inflation-linked securities
Topic 4: Fixed Income Analysis & Valuation25%- Bond pricing and yield measures
- Term structure of interest rates
- Interest rate risk and duration/convexity
Topic 5: Credit Analysis & Credit Derivatives15%- Securitization and structured credit
- Credit default swaps (CDS)
- Credit risk measurement and rating

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