The CFAI Candidate body of knowledge for derivatives is listed below. Although it says that credit derivatives are tested in level 1, credit derivatives are only mentioned once, in a footnote on page 138. I guess it is not really tested in level 1 VIII. Derivatives A. Types of Derivative Instruments and their Characteristics B. Forward Markets and Instruments C. Futures Markets and Instruments D. Options Markets and Instruments E. Swaps Markets and Instruments F. Credit Derivatives Markets and Instruments
Big topic on LII and LIII.
thanks