Certified Credit Research Analyst (CCRACM)

Program Overview:
This integrated certicate program will provide students with the necessary foundation of skills and experiences needed to enter the eld of credit research analysis.

Program Objective:
Participants will use a structured and systematic approach to evaluate the credit standing of a company and assess the relative attractiveness of the risk-return prole of the investing / lending proposition. This is a highly interactive workshop where case studies and exercises are used to illustrate key learning points. A case study presentation will form part of the workshop allowing participants to apply the concepts acquired during the workshop to a real-life scenario. Participants are encouraged to be focused and concise in developing and articulating credit judgement. Specically, participants will learn to:

Program Benets:

You will be prepared for entry-level employment in credit research. You will learn from top-ight professionals from the industry and academia. CCRA C M will help you deploy the most comprehensive suite of research, data and tools to analyze and monitor individual securities, companies and industries on the market One-on-one access to industry-leading analysts, briengs, and teleconferences In-depth reports that dissect the credit strengths and weaknesses of individual companies and transactions Accurate, timely and comprehensive sets of data on company nancials, industries, and deal performance metrics Analytical models and software to analyze, screen and monitor individual credits and portfolios Multiple perspectives from qualitative to quantitative and from market-based views to fundamental analysis on the credit quality of your portfolio

Even if you are looking to build your own credit risk measurement system, CCRACM will help you with necessary knowledge that embeds the deep expertise in credit analysis into enterprise-wide software..

Apply a structured approach to assess the creditworthiness of a borrower Evaluate the performance of a company based on qualitative and quantitative frameworks and tools Use appropriate market indicators, where available to understand renancing risk and the market view on a credit Identify the key factors that drive a company's future performance and evaluate the likely impact on its credit standing Use a cash ow approach to ascertain a company's ability to service/renance its debt as it comes due Review debt structures to assess to what extent they meet the commercial needs of the borrower and protect the lender's interests.

Content
Who should study for CCRACM This highly practical course has been specically designed for candidates aspiring for a career in:

Credit Analysis Credit Ratings Commercial and Retail Finance Investment Banking Private Equity Private Banking

Banks Economic Research Portfolio Management Fund Management Academics Treasury

Credit Analyst Salary Scale

Credit Analyst Total Pay (?)

Rs 207,550 - Rs 1,006,647
0 (Median) 210K 310K 440K 740K 1M MEDAN: Rs 442,635

10%

25%

50%

75%

90%

Source: www.payscale.com

Course Structure
Level I Understanding of Financial Statement Analysis Balance Sheet, Prot & Loss Statement, Cas-ow, Ratio & its analysis, Accounting Policies, Projections, Red Flags Credit Specic Analysis Liquidity Analysis, Stress Case Testing, Scenerio, Base, Bear Bull, Covenant Testing with Projections, Comparison- Sector vs. Global, Liquidation Scenerio, Event, M&A, LBO Understanding of Bonds/ Bond Maths Bonds, Covenants, Pricing, Spread, Curves, CDS, Senioriity Ranking, Rich Cheap Analysis, SWAP , OAS, YTW, Term Structure & its theories, Duration, PVBP Level II Credit Ratings Basics 4C Model, Types of ratings, Default rates, Recovery rates, Business, Industry, Financial and other risks, Scenerio Analysis, Soverign Ratings, Methodology, CIBIL/FICO Credit Strategy Pair trade, Basis trade, Rating Analysis Trends, Sectors, etc., Debt maturity prole, Retrace analysis, Sector charts, Efcient frontier, Commodity based traders, FX-based correlation, Senior vs. sub, CDS trader Analysis, Company charts Credit Enhancement Structuring, Types of enhancement Regulations & Others Related party transactions, Management analysis, Overview of xed income markets around the world, Local regulations, Alternative to ratings and

understanding of Corporate Banking Facilities, Riskbased pricing framework (Basel), Credit Risk mitigants

Exams:
Exams are conducted on a daily basis at National Stock Exchange (NSE) Level I II Exam Type MCQ MCQ Duration 2 hours 3 hours

About AIWMI:
T h e A s s o c i a t i o n o f I n t e r n a t i o n a l We a l t h Management of India (AIWMI) is a not-for-prot organization and a globally recognized membership association for nance professionals. AIWMI primarily focuses on broader and strategic role of developing a more robust and forward-looking training infrastructure for nancial services sector and to promote more active industry involvement and collaboration in training and continuing education matters. AIWMI is offering advanced international certication programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state- of-the-ar t knowledge and skills with practical experience and insights into the functioning of the nancial sector. All AIWMI courses and education events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the nancial services sector. AIWMI plays a key role in guiding the development of the nancial services sector. AIWMI works with

key industry participants viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives.Besides enhancing technical competencies and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the nancial sector with an aim to become Asias premier centre of excellence for nancial education.ents within the wealth management sector

grading businesses like that for banks, subsovereigns ratings and IPO grading. CARE Ratings provides the entire spectrum of rating services that helps the corporate to raise capital and assists investors to take an informed investment decision. CARE Ratings is the Knowledge Partner of AIWMI for the Certied Credit Research Analyst CCRA CM certication and all the content and exams of CCRACM are developed by CARE Research a division of CARE Ratings.

Learning Routes:
Candidates can pursue CCRACM either though selfstudy or under the guidance of any of AIWM India's training providers.

CCRACM will enable you to:

Pedagogy:
The modules for CCRACM have been designed to ensure that participants not only excel academically but also groom themselves to take on better professional responsibilities. The class work focuses on providing the necessary academic fundamentals. The pedagogy includes a mix of lectures, case studies, and group discussions. Participants are required to work on individual and group assignments, and projects. A regular evaluation process will monitor the participant's performance throughout the Program.

Research companies, industries & products Generate better ideas & targets Build & maintain models Monitor your markets & companies Analyze portfolio performance Streamline quantitative research Enhance Internal Ratings system Make Investment Recommendations Analyse credit-worthiness of your individual clients

The study material of CCRACM certication also contains content reproduced with permission from:

Knowledge Partner:

Asian Development Bank Asia Securities Industry and Financial Markets Association (ASIFMA) Fitch Ratings Fixed Income, Money Markets & Derivatives Association of India (FIMMDA) India Ratings (subsidiary of Fitch Ratings) Moodys Investor Services National Institute of Securities Markets (NISM) Standard & Poors Financial Services Swiss Financial Analysts Association World Bank

Credit Analysis and Research Ltd (CARE Ratings) has established itself as a leading credit rating agency in India, having leadership position in various rating and

Exam Partner:
National Stock Exchange (NSE)

India Ofce 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 8097661200/8097661201 Email: ccra@aiwmindia.com Website: www.aiwmindia.com