I am sure that they promised to send not only some but all certificates. Has anyone already received it? Or at least a notice about sending the package?
David, great thanks for your answer. I like entirely understand what I am reading. I have read carefully this chapter and the passage you cited and I think that the table presented in Jorion’s chapter for FRA concerns short FRA (negative CF in 6 months (180 days), positive CF in 12 months (360...
My question is not very sophisticated but please help me to understand FRA mapping VaR. If long 6x12 FRA = long 6-month bill + short 12-month bill why CF in 6 months is negative and CF in 12 months is positive?
I agree that the exam was very difficult. Most questions absolutely incomparable to test and practice ones. It seems very interesting how the results will be evaluated.
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