CFA一级固定收益框架图及内容精选Fixed Income
整体框架Overview
Reading 42 Fixed-Income Securities: Defining Elements
五要素
Features
Issuer Supranational organizations/Sovereign governments/
Non-sovereign governments/Quasi-government entities/Companies Maturity Money market securities/Capital market securities/Perpetual bond Par value Par value/Face value/Maturity value/Redemption value（赎回价值） Coupon payment Coupon rate/Nominal rate
Currency Dual-currency bonds/Currency option bonds
National bond/Domestic bond/Foreign bond/Eurobond
考察方式：
1. 辨析区分五类Issuer
2. 辨析区分Money market securities（1年以内）和Capital market securities（1年以上）
3. 计算Coupon（票息）
4. 辨析区分Currency中第二行的四类Bonds
契约
Indenture
Legal identity Sovereign bonds/Corporate bonds/Securitized bonds
Source of repayment Supranational bond/Sovereign bond/Non-sovereign bond/Corporate bond/Securitized bond
Collateral Secured bonds/Unsecured bonds/Debentures
Collateral trust bonds/Equipment trust certificates/MBS/Covered bond
Credit enhancement Internal：Subordination/Overcollateralization/Excess spread
External：Surety bond/Bank guarantee/Letter of credit/Cash collateral account
margin rateCovenants Affirmative covenants/Negative covenants
Tax Income tax/Capital gain tax/OID
考察方式：
1. 辨析区分Collateral下各类型Bonds
2. 辨析Credit enhancement（信用增级）中Internal（内部信用增级）与External（外部信用增级）的类型
3. 辨析区分Covenants下Negative（否定性条款）与Affirmative covenants（肯定性条款）

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