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Certified Credit Research Analyst (CCRA) : Level 1

The document outlines the syllabus for the Certified Credit Research Analyst (CCRA) program, which is divided into two levels. Level 1 covers financial statement analysis, liquidity analysis, loan documentation, and credit pricing. Level 2 covers credit ratings, portfolio management, credit monitoring, credit risk models, and analysis of corporate banking facilities. The syllabus includes modules on ratio analysis, red flags, loan covenants, credit spreads, securitization, and regulations. Case studies are incorporated throughout the modules to provide real-world examples.

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Ashmit Roy
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562 views2 pages

Certified Credit Research Analyst (CCRA) : Level 1

The document outlines the syllabus for the Certified Credit Research Analyst (CCRA) program, which is divided into two levels. Level 1 covers financial statement analysis, liquidity analysis, loan documentation, and credit pricing. Level 2 covers credit ratings, portfolio management, credit monitoring, credit risk models, and analysis of corporate banking facilities. The syllabus includes modules on ratio analysis, red flags, loan covenants, credit spreads, securitization, and regulations. Case studies are incorporated throughout the modules to provide real-world examples.

Uploaded by

Ashmit Roy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Certified Credit Research Analyst (CCRA)

Syllabus

LEVEL 1

Module 1: Financial Statement Analysis


 Introduction: Role of Financial Statements, Relevance of Notes
 Nuances of Accounting: Inventories, Depreciation, EPS, Intangible Assets,
 Ratio Analysis, Financial Modelling and Covenant Testing,
 Nuances of Leases, Hire Purchase, Pension Liabilities
 Classification of Investments in Financial Assets
 Red Flags, GAAP & IFRS – Similarities & Differences
 Case Studies

Module 2:
 Liquidity Analysis, Stress Testing
 Comparison: Sector versus Global, Liquidation Scenario and Event, M&A/LBO, Banker's Angle to
Credit Analysis, Bank CMA Format and Credit Policy Formulation
 Preparation of Credit Proposal and Credit Appraisal, Capital Budgeting Methods,
 Loan/Bond, Behavioral Aspects of Credit officer, Pre-sanction Methodologies and Analysis, Know
your Customer (KYC) requirements
 ESG Analysis for Loans/Bonds
 Case studies

Module 3:
 Loan documentation, Covenants analysis and Trends
 Loan/Bond Pricing, Spreads and Curves,
 Credit Default Swap (CDS)
 Seniority Ranking, Rich Cheap Analysis,
 Bond Valuation Measures including Swaps, OAS, YTW, YTM
 Risk Mitigation using derivatives like swaps, FRA, caps and floors, Forex Hedge,
 Case studies

LEVEL 2

Module 1: Credit Rating – Internal and External


 Basics of Credit Rating
 Credit Risk Management
 5C Credit Model, Analytical Framework For Credit Analysis, Industry Risk, Business Risk,
Financial Risk

Association of International Wealth Management Of India (AIWMI), Regus, Level 9, Platina, Block G, Plot C-59,
Bandra-Kurla Complex, Bandra (East) Mumbai – 400051 Ph: +91 8097661200/01 Fax: +91 22 67000600
 Dealing With Intricacies Of Credit Rating,
 Management Risk Project Risk,
 Ratings Methodology For Manufacturing Companies,
 Ratings For Financial Institutions And Banks, Sovereign Ratings, Internal Rating models (Basel)
 Case studies

Module 2: Credit Strategy and Portfolio Management


 Understanding Yield Curves
 Trading on Interest Rate Risks
 Understanding Credit Spreads, Trading on Credit Spreads,
 Other Concepts on Credit Risk
 Predicting the Market,
 Introduction to Distressed Debt
 Understanding Systemic Risk
 Credit Analysis in a Multi Asset Class portfolio,
 Trading Strategies for Emerging Markets
 Case studies

Module 3: Credit Monitoring, NPA Management, Enhancement and Securitization


 Credit Monitoring and Identification of Early Warning Signals
 Credit Enhancement and Structures
 Rating of Asset Backed and Mortgage Backed Securitization Transactions
 Stressed Asset Management – Warning signs, Process and Monitoring for Recovery, CDR
Mechanism, Pricing/ valuation of NPA’s and Asset backed/Mortgage backed Securities
 Case studies

Module 4: Credit Risk Models and Regulations


 CRA Regulations and Debt Guidelines
 Credit Risk Models & Miscellaneous including interest rate Regression/Time series modeling,
Merton and other Models
 Case studies

Module 5: Understanding and analysis of Corporate Banking Facilities and other financing forms
 Understanding Types of Corporate Banking Facilities
 Assessment of Working Capital Finance, Analyze Treasuries and other corporate papers
 Nuances of Credit Analysis from NBFC Perspective, Private Banking perspective, ARC
Perspective
 Priority Sector/Agri Lending - Analysis and Peculiarities, Analysis for Loan against property,
Analysis for Loan against Securities, Other Common Financing structures, Consortium lending,
Green bonds
 Case studies

Last Updated On: 22.03.2017

Association of International Wealth Management Of India (AIWMI), Regus, Level 9, Platina, Block G, Plot C-59,
Bandra-Kurla Complex, Bandra (East) Mumbai – 400051 Ph: +91 8097661200/01 Fax: +91 22 67000600

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