FRM考生注意！划重点啦！今日整理要点：FRM二级市场风险重点知识-映射。市场风险计量与管理在FRM考试科目中可以算是一个要点较多的板块，且在整个考试中的占比为20%，分数占比还是非常高的，大伙必须要重点进行学习！！
正保会计网校的老师不光给大伙概要了要点，还结合了甄选例题，给大伙做了细致的解说，一块儿学习一下吧！
先来看看Alex老师的整体要点介绍，更好理解呦！
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●要点：映射●
Hedge adjustment factor
Mapping for fixed-income securities
•Principal mapping. This method includes only the risk of repayment of principal amounts.
•Duration mapping. With this method, the risk of the bond is mapped to a zero-coupon bond of the same duration.
•Cash flow mapping. With this method, the risk of the bond is decomposed into the risk of each of the bond’s cash flows.
常考试知识点：
1. 现金流映射会比其他两种办法产生愈加精确的结果。
2. 本金映射只考虑本金到期时间的有关风险。
3. 用的风险因子越多一般结果越准确，但也会使模型更复杂，所需要的计算更多。
例题：
In fixed income portfolio mapping, when the risk factors have been selected, which of the following mapping approaches requires that one risk factor be chosen that corresponds to portfolio duration?
A. Principal mapping
B. Duration mapping
C. Present value mapping
D. Cash flow mapping
【正确答案】B
【答案分析】With principal mapping, one risk factor is chosen that corresponds to the average portfolio maturity. With duration mapping, one risk factor is chosen that corresponds to the portfolio duration. With cash flow mapping, the portfolio cash flows are grouped into maturity buckets.Present value mapping is not a method of VaR mapping for fixed income portfolios.
以上就是FRM二级市场风险重点知识-映射的有关内容，后期我们会持续给大伙更新有关重点知识，小伙伴们可以关注【备考经验】栏目查询！