- CFA Exams
- 2025 Level I
- Topic 6. Fixed Income
- Learning Module 18. Asset-Backed Security (ABS) Instrument and Market Features
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Learning Outcome Statements PDF Download
| 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 |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
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