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Learning Outcome Statements PDF Download
|1. Basic definitions and concepts|
a. describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;
|2. Credit events and settlement protocols|
b. describe credit events and settlement protocols with respect to CDS;
|3. Basics of valuation and pricing|
c. explain the principles underlying, and factors that influence, the market's pricing of CDS;
|4. Applications of CDS|
d. describe the use of CDS to manage credit exposures and to express views regarding changes in shape and/or level of the credit curve;
e. describe the use of CDS to take advantage of valuation disparities among separate markets, such as bonds, loans, equities, and equity-linked instruments.