Recent content by mbbx5va2

Hi how do you know what the cut off threshold was for the exam? I got good, good, fair, fair, poor, poor so overall fail. I'm assuming quartile 4 means poor. In that case i got 4,4,2,2,3,3=18

thanks that makes sense and just as i thought

Hi Suppose have capital structure of senior: 100m, Mezzanine; 50m and Equity: 20m. what's credit enhancement of senior tranche? Looking for example similar or pointers on solution thanks

Thanks - I am aware of the translations but I think they didn't mention in the question which discrete rate the credit spread was i.e they didn't make it explicit if it was 3.0% per annum with semi-annual compounding or annual compounding. I wonder if one is meant to assume annual compounding if...

Hi There was a question like calculate credit spread and express in continuous compounding. I believe they wanted us to use FRM I material for an FRM 2 question. If the credit spread is 3% then how would one express in terms of continuous compounding?? thx

Thank you for your help

Hi In some sources i am finding that we multiply the numerator (Revenue +ROCE - EL - Int - Op) by the tax rate as it is whereas other sources it says I need to multiply numerator by (1-Tax rate) why is this? Thanks

Hi just a quick on I am trying to understand OTM and ITM positions in forwards and what the delta would be. Does anyone have a chart. Thanks

Hi I have a question on calculating surplus at risk which states that formula to get this is MU - SIGMA x Z but another question says "compute at 95% confidence level that surplus value will be less than X" i.e what is X, for this final answer we use MU + SIGMA x Z. Why the difference in the...

Thanks for this :-)

Hi A quick one. Concept around when they quote bonds or DV01 value as per 100 face value. I want to clarify understanding. So if quote DV01 as 6 per 100 FV then effectively if the bond value is 1000 then that's just 6*10. DV01. I think there must be question somewhere that has this wording...

Yeah so I signed up for the exam again 4 months ago and nobody has told me to sign up to membership again. Have asked GARP but they notoriously slow and my exam in a couple weeks.

It says membership status lapsed as I signed up over a year ago. Retaking exam.

Hi I see you can become a member of GARP. Is it necessary to pay the $195 fee to be able to take the FRM 1 exam? Or can you not be a member and still take the FRM 1 exam? Thanks

I did not pass. Many questions that I had not revised came up and ones I knew inside out did not.