Korea Certified International Finance Specialist study plan

Map the full Domain 1 syllabus into a one-page concept tree covering balance of payments, exchange-rate regimes, and international parity conditions

Derive and explain covered interest parity, uncovered interest parity, and purchasing power parity from first principles, writing each formula from memory

Compute forward premiums and discounts from spot and forward quotes and interpret what each implies about interest differentials

Summarize the structure and functions of the global capital markets (money, bond, equity, syndicated loan) in a comparison table of issuer, investor, and pricing conventions

Analyze how central bank policy rates and inflation differentials transmit into cross-currency capital flows

Interpret balance of payments accounts and explain the link between current account balances and net capital flows

Compare international bond issuance routes (Eurobond, global bond, foreign bond, samurai, kimchi) by registration, currency, and investor base

Work through at least 20 calculation problems on cross rates, forward pricing, and interest differentials

Quote and convert currencies in both direct and indirect terms and identify bid-ask spreads in two-way prices

Calculate cross rates through a vehicle currency and detect triangular arbitrage opportunities

Distinguish transaction, translation, and economic exposure and select an appropriate hedge for each

Compare forward hedges, money market hedges, currency options, and natural hedges on cost, flexibility, and accounting impact

Explain the Korean foreign exchange policy framework, including the Foreign Exchange Transactions Act, the real-name system, and reporting thresholds for capital transactions

Describe the roles of the Bank of Korea and the Ministry of Economy and Finance in FX policy and market stabilization

Outline the onshore KRW market structure, including the interbank market, market makers, and trading hours

Evaluate how macroprudential FX measures such as forward position limits and levy on non-core liabilities affect corporate hedging

Map the full lifecycle of a letter of credit from application through issuance, amendment, presentation, and settlement

Apply UCP 600 and ISBP rules to identify discrepancies in a set of presented documents

Compare payment methods (advance payment, open account, documentary collection, LC) by risk allocation between exporter and importer

Explain the roles of trade insurance, export credit agencies, and forfaiting in mitigating trade risk

Trace the cross-border capital-raising process for an IPO or bond issue, including bookbuilding, roadshow, stabilization, and listing routes such as DRs

Distinguish Regulation S and Rule 144A offerings and explain how each affects investor eligibility and disclosure

Compare project finance, syndicated lending, and structured export finance on recourse, tenor, and risk allocation

Explain how trade finance instruments interact with capital-raising structures in cross-border transactions

Compute portfolio return, variance, and Sharpe ratio for a two-asset and multi-asset portfolio and interpret the efficient frontier

Apply CAPM, factor models, and the separation theorem to evaluate expected returns and performance attribution

Price forwards, futures, and plain-vanilla options using put-call parity and binomial and Black-Scholes intuition, and explain Greeks

Explain the mechanics and risks of interest rate swaps, currency swaps, and structured products such as CLNs and securitizations

Summarize the core obligations under Basel III, FATF recommendations, and Korean AML and KYC requirements for cross-border transactions

Apply ethical standards to conflicts of interest, market abuse, and client suitability scenarios in international finance

Review the Korean financial market landscape, including the roles of the FSC, FSS, KRX, and KOFIA, and key FX market reforms

Synthesize all eight domains into a condensed review sheet and complete timed practice under exam conditions