Recent content by kc

And thanks for the help throughout the preparation period! Kudos to the BT staff!

Some questions are very similar to the practice exams. They basically tested same concepts but in different ways. Passed with 121113, my personal opinion is BT needs to update the materials of “current issue” topic faster.

Hello BT Staff, I need some advices on an incident happened during the exam today. The service provider provided rough sheets for any draftings during the exam, shortly after it started, I found that the rough sheets provided to me were previously used by someone. I immediately reported that...

Thanks, I will continue to have a look on that

Hi Clay, thanks for helping. In this case, if we are looking for a probability of the 1st year, isn't the cumulative probability = marginal probability? Thanks.

Second question is, the expected exposure is 20000000e^(-1*5%), what is this 5%? Thanks.

Hello, I am confused with this way of calculating the marginal default probability for the 1st year. The question is asking 1-year CVA, so my understanding is 1-year marginal default probability = cumulative default probability for the 1st year, so 1- e^(-0.06*1) = 0.058. However, the number...

Hi, in the instruction vide, Hull, Chapter 17. Estimating Default Probabilities, 52:26, how do we solve the unknown A0 (company's asset value) without knowing the N(d1) and N(d2) ? The narration just said "plug in the numbers", and the GARP book also doesn't say anything. Can someone please...

Hi, The instructional video on the correlation crisis stated that the bank suffered losses because it was "short on equity tranche and long on the mezzanine tranche." But in the GARP, it is the other way around. Is there something I missed ? Thanks.

passed with 1111, thanks a lot!

Hi David, thanks for the reply. The last sentence did help!

Hi All, in chp 13, p.605, I am trying to understand the contribution of the key rate 01. Per my understandings, I have calculated the opposite percentage for the 5-year and 10-year rates. My thoughts are : 1. The impact of 5-year rate drops to zero at year 10 2. so starting from year 5, 5...

Hi @Nicole Seaman, can you please help restore the excel used in the video? Thank you so much!

Hi All, I am very confused with the notation of the domestic and foreign currency. I understand that e.g. EURCAD = 1.46, which means CAD per EUR(CAD/EUR) i.e. 1 EUR = 1.46 CAD (REF Comment #10...