Analyst Dojo

Learning Module 18 of Fixed Income 11–14% of the exam

Asset-Backed Security (ABS) Instrument and Market Features

4 lessons. About 0 minutes in cram mode, 0 minutes in full.

Lessons for this module are being written. The outcomes and lesson plan below are final.

Lessons

  1. 1
    Covered Bonds

    Coming soon

  2. 2
    ABS Structures to Address Credit Risk

    Coming soon

  3. 3
    Non-Mortgage Asset-Backed Securities

    Coming soon

  4. 4
    Collateralized Debt Obligations

    Coming soon

What the exam expects you to do

  1. Describe characteristics and risks of covered bonds and how they differ from other asset-backed securities.
  2. Describe typical credit enhancement structures used in securitizations.
  3. Describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type.
  4. Describe collateralized debt obligations, including their cash flows and risks.