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I passed. Cant see quartiles though..!!!

Yes i think the value was 0.20 and the forcasted worked out to be 0.28

it states that the Correlations were miscalculated and lower. Actuals were higher. so the Realized correlation * VAR will be higher than 0.40 million

Should one include UL in Raroc calculation in numerator? I remember reading that RAROC does not consider UL.

About the Credit Spread. Short Put + Risk Free Bond = Position in Risky Bond. Therefore Credit Spread is derived accordingly.

You are correct if as it is only 1 position then I missed reading that part. Lost marks there :(

15. Correlation Swap receives 0.4 more My understanding . Formula is a multiplier of Sum of Correlations. with 2/(n2-n) . Since correlations were understated the sum of correlations will be higher. hence Correlation Swap receives 0.4 more is correct as per me.

My understanding Var Back test is 2 tail test with test static x- pT/Sqrt(p(1-p)T > 1.96

MVaR is linear approximation (first partial derivative). Incremental VaR is a full revaluation. Not sure which one to use as both will give the similar result. However MVaR will be a very fast way to derive so I chose MVAR.

I passed :):)...

Its all good mate.. even my emotions are flying given the result expected tomm.. cheers and best of luck to everyone..

Oops.. that why I didnt score in TOEFL..

Trust this clarifies

What is uncool about Garp announcing the result on 28th? I didnt do this mate.. Garp did this..

Garp has officially announced results on 28th!! Enjoy

Half the seats were empty where I gave at mumbai.. most of the class rooms were also quite empty.

That was a nasty statement. Students are only sharing their feedback which was the objective of this thread. If you dont like it maybe you shouldnt read it. If students are paying for the exam.. their commitment should not really be doubted as they are putting money where their mouth is unlike...

Any idea how many students attempt the exam... most of the seats in my centre were empty.. same thing was confirmed by my friends.. they too found many seats empty.. Paper was very tough and lengthy.. fingers crossed