2018 SchweserNotes™ Part I
Financial Markets
and Products
eBook 3
Getting Started
FRM® Exam Part I
Welcome
As the VP of Advanced Designations at Kaplan Schweser, I am pleased to have the
opportunity to help you prepare for the 2018 FRM® Exam. Getting an early start
on your study program is important for you to sufficiently
prepare, practice, and
perform on exam day. Proper planning will allow you to set aside enough time to
master the learning objectives in the Part I curriculum.
Now that you've received your SchweserNotes™, here's how to get started:
Step 1: Access Your Online Tools
Visit www.schweser.com/frm and log in to your online account using the
button located in the top navigation bar. After logging in, select the appropriate
part and proceed to the dashboard where you can access your online products.
The Kaplan Way
Prepare
Acquire new
knowledge through
demonstration and
examples.
Step 2: Create a Study Plan
Create a study plan with the Schweser Study Calendar (located on the
Schweser dashboard). Then view the Candidate Resource Library on-demand
videos for an introduction to core concepts.
Step 3: Prepare and Practice
Read your SchweserNotes"1
Our clear, concise study notes will help you
prepare for the exam. At the end
of each reading, you can answer the Concept Checker questions for better
understanding of the curriculum.
Attend a Weekly Class
Attend our Live Online Weekly Class or review the on-demand archives as
often as you like. Our expert faculty will guide you through the FRM curriculum
with a structured approach to help you
prepare for the exam. (See our
instruction packages to the right. Visit www.schweser.com/frm to order.)
Practice with SchweserPro™ QBank
Maximize your retention of important concepts and
practice answering
exam-style questions in the SchweserPro’" QBank and taking several Practice
Exams. Use Schweser's QuickSheet for continuous review on the go.
(Visit www.schweser.com/frm to order.)
Step 4: Final Review
A few weeks before the exam, make use of our Online Review Workshop
Package. Review key curriculum concepts in every topic,
perform by working
through demonstration problems, and
practice your exam techniques with
our 8-hour live Online Review Workshop. Use Schweser's Secret Sauce® for
convenient study on the go.
Step 5: Perform
As part of our Online Review Workshop Package, take a Schweser Mock Exam
to ensure you are ready to
perform on the actual FRM Exam. Put your skills and
knowledge to the test and gain confidence before the exam.
Again, thank you for trusting Kaplan Schweser with your FRM Exam preparation!
Practice
Apply new
knowledge through
simulation and
practice.
Evaluate mastery of
new knowledge and
identify achieved
outcomes.
FRM® Instruction Packages:
• PremiumPlus’" Package
• Premium Instruction Package
Live Instruction*:
Remember to join our Live Online Weekly Class.
Register online today at www.schweser.com/frm.
*Dates, times, and instructors subject to change
Perform
Sincerely,
Derek Burkett, CFA, FRM, CAIA
VP, Advanced Designations, Kaplan Schweser
MKT-005735
Contact us for questions about your study package, upgrading your package, purchasing additional study materials, or for additional information:
www.schweser.com/frm | Toll-Free: 888.325.5072 | International: +1 608.779.8397
FRM Part I B ook 3:
F
inancial Markets and Products
R ea ding A ssig nment s and L ea r ning Objec t iv es v
F in a n c ia l Markets and Products
31: Banks 1
32: Insurance Companies and Pension Plans 10
33: Mutual Funds and Hedge Funds 24
34: Introduction (Options, Futures, and Other Derivatives) 40
33: Futures Markets and Central Counterparties 56
36: Hedging Strategies Using Futures 70
37: Interest Rates 82
38: Determination of Forward and Futures Prices 98
39: Interest Rate Futures 111
40: Swaps 125
41: Mechanics of Options Markets 142
42: Properties of Stock Options 157
43: Trading Strategies Involving Options 169
44: Exotic Options 185
45: Commodity Forwards and Futures 196
46: Exchanges, OTC Derivatives, DPCs and SPVs 219
47: Basic Principles of Central Clearing 229
48: Risks Caused by CCPs 240
49: Foreign Exchange Risk 247
50: Corporate Bonds 262
51: Mortgages and Mortgage-Backed Securities 275
Sel f-Test: F in a n c ia l Markets and Products 301
F
ormulas 310
I
ndex 314
©2018 Kaplan, Inc. Page iii
