Expected CCRA-L2 Exam Topics, as suggested by AIWMI :

• Module 1: Preparation of Credit Proposal and Credit Appraisal, Capital Budgeting Methods/ CRA Regulations and Debt Guidelines
• Module 2: Bond Valuation Measures including Swaps, OAS, YTW, YTM/ Classification of Investments in Financial Assets
• Module 3: Loan documentation, Covenants analysis and Trends/ Ratings For Financial Institutions And Banks, Sovereign Ratings, Internal Rating models(Basel)
• Module 4: Understanding Credit Spreads, Trading on Credit Spreads/ Ratio Analysis, Financial Modelling and Covenant Testing
• Module 5: Credit Monitoring and Identification of Early Warning Signals/ Assessment of Working Capital Finance, Analyze Treasuries and other corporate papers
• Module 6: Nuances of Accounting: Inventories, Depreciation, EPS, Intangible Assets/ Analysis in a Multi Asset Class portfolio
• Module 7: Nuances of Leases, Hire Purchase, Pension Liabilities/ Rating of Asset Backed and Mortgage Backed Securitization Transactions
• Module 8: Nuances of Credit Analysis from NBFC Perspective, Private Banking perspective, ARCPerspective/ Risk Mitigation using derivatives like swaps, FRA, caps and floors, Forex Hedge
• Module 9: Trading Strategies for Emerging Markets/ Ratings Methodology For Manufacturing Companies/ Understanding and analysis of Corporate Banking Facilities and other financing forms