hi david
1. what is meant by : ".... correlation does not work for trended return series that are not cointegrated" ?
2. can y plz, explain to me what is the difference between:
a. variate
b. bivariate
c. multivariate.
distributions?
hi david,
regarding securitization also, what it does mean by equity tranche?
is it acting like equity to be the first loss absorber, and it is a low quality assets" loans"?
Or it is really equity issued to absorb losses first? and if it is like this way, who issue these equities? SPV...
okay, lets assume the following:
1. there are two bonds or CDOs or any other securitized debts that have the same characteristics, ( BBB - 50% LGD, B - 35% LGD).
2. lets assume that these data are correct:
if we look to them like investors, we will find that Bond "B" will give me a higher yield...
hi david,
regarding the calculation of UL & EL, i noticed that LGD was 35% for rating " B ", while it is 50% for rating " BBB",
the q is: is it reasonable to be like this way? i mean "BBB" is better than "B" and it will be safer, so the recovery rate must be higher for it, in this example it...
hi david,
can you give me the link for the two new PDF sets for practice questions?
because i didn't find anything new in " how to - practice questions "
thank y.
hi hind
where are y from?
i'm from jordan, my name is ibrahim, and i passed L1 also, if you want we study together for part two?
I passed level one : 2 1 2 3
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