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SUN 310-008 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Markets and Interest Rate Calculations- Financial Markets Fundamentals
  • 1. Regulation
  • 2. Market Places
  • 3. Introduction to Financial Markets
  • 4. Pricing and Efficient Markets
  • 5. Key Players in the Financial Markets
  • 6. Processing of Transactions
- Interest Rate Calculations
  • 1. Forward Yields
  • 2. Interest Calculations
  • 3. Yield Curves
  • 4. Money Markets
  • 5. Money Market Paper
  • 6. Accumulation Factors and Discount Factors
Topic 2: Fixed Income and Foreign Exchange Basics- Foreign Exchange Fundamentals
  • 1. FX Quotations
  • 2. FX Forwards
  • 3. FX Terminology
  • 4. Cross Rates
- Fixed Income Instruments
  • 1. Islamic Banking
  • 2. Securities Finance
  • 3. Bonds
  • 4. Modified Duration
  • 5. Repurchase Agreements
Topic 3: Foreign Exchange Products- FX Transactions
  • 1. Application of FX Swaps
  • 2. Covered Interest Arbitrage
  • 3. Forward-Forward Swaps
  • 4. Overnight and Tomorrow/Next Swaps
  • 5. Precious Metals
  • 6. FX Swaps
  • 7. Non-Deliverable Forwards (NDFs)
  • 8. Settlement Before Spot
Topic 4: Interest Rate Derivatives and Options- Derivative Instruments
  • 1. Overnight Index Swaps
  • 2. Overnight Benchmark Futures
  • 3. Forward Rate Agreements (FRAs)
  • 4. Money Market Futures
  • 5. Interest Rate Swaps
- Options
  • 1. Interest Rate Options
  • 2. Features of Options
  • 3. Strangles and Straddles
  • 4. Delta Position and Delta Hedging
  • 5. The Greeks
Topic 5: Asset Liability Management and Risk- Risk Management
  • 1. Sensitivity Indicators and Value at Risk (VaR)
  • 2. Operational Risk
  • 3. Funds Transfer Pricing
  • 4. Market Risk
  • 5. Basel Accords
  • 6. Asset and Liability Management
  • 7. Credit Risk
  • 8. Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR)
  • 9. Interest Rate Risk
  • 10. Liquidity Management

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