2025 CFA Level I Exam: Topic 6. Fixed Income - Learning Module 18. Asset-Backed Security (ABS) Instrument and Market Features

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	1. Covered Bonds describe characteristics and risks of covered bonds and how they differ from other asset-backed securities
	2. ABS Structures to Address Credit Risk describe typical credit enhancement structures used in securitizations
	3. Non-Mortgage Asset-Backed Securities describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
	4. Collateralized Debt Obligations describe collateralized debt obligations, including their cash flows and risks

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