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Passed level 2 with 12113! Opps for current issues =/ Thanks David for the wonderful product. I will miss this!

LOL. I think 50 out of 80 would be a decent sample of my results. Although I can remember those 2 statements questions asking to identify if i. statement I correct ii. statement II correct etc. Those peskers... I just whacked.

Copula: Same as AG, marginal dist to form multivariate dist.. Mortgage: Same as both of you, used 25 years and got an exact answer.. Friction in Subprime: Same as Ravi, I'm pretty sure about this one. It's the friction between the originator and arranger. Because of the ability to securitize the...

Hi AG, if i did not remember correctly, I marked CDS for that option. Because CDS is the only unfunded instrument. I can't exactly recall the question now though so I'm not sure if I am even on the same page as you. I can only vaguely remember those convertible delta neutral questions. There...

I can't remember the options clearly for the back testing question. I skipped it in my first run as I wanted to do the straightforward questions first at the start. Sovereign CDS spread i picked the option that said "spread almost exactly..." (was torn between this option and AG's) VaR qn...

I did what Quest4FRM did for LVaR cuz I did see that firm owns 1.5M shares out of 500M shares. So I just used exogenous spread. Also agree with the BIA approach using 2 to divide the positive gross incomes. The other information given were red herrings. So many of these type of questions. It's...

Hi Ravitosh! Yes, I had most of the answers the same as yours, with the exception of prepayment of mortgage which i had no clue.. ;)

I agree. The exam tested out of the aims several times. If not for economics class, i would not know what HHI was. Knowing that it measures firm concentration, I intuitively guessed it was the concentration of credit risk. Some of the other questions include: -Valuation of CDS spread(Hull) with...

The easy concepts were given difficult treatment and the options were carefully crafted. No easy guessing. There were only a few straight forward questions. Just a handful. Most tested us to understand the concepts deeply and apply them to a problem. Never expected anything close to this..

I'm just done with the exam in Singapore. Can't reveal much since there are other candidates who have yet to take the exam. But to sum it up, I thought it was a hell paper..

Will be checking back here after the exams.

Hi David, I've got a short question on the above mentioned. Am I correct to say that the CDS is an unfunded protection due to only contingent payoffs? And TRS would be partially funded and lastly CLN is funded. Thanks and regards, jk

Hi David, That's fantastic. I've been trying my best to do your daily questions religiously as my prep this time round has been quite different from the past in that I do not have as much time as I would like to devote to the level 2. But I look forward to doing your daily questions to start...

Dear David, In the previous interface that you had, I could get the daily questions by just clicking forum and it will show in a panel on the top left. However, it seems that with the introduction of the new interface, it is gone... How can I navigate to your daily questions? Thanks!

Hi David, I've passed level 1! Thanks for your awesome materials and forum help. Looking forward to level 2!

congrats guys, i think most likely that's a confirmation of your pass! yesterday i tried and didn't manage to register. this morning singapore time i tried and was successful. lets await the breakdown of our scores! =)

I can register part II as well! perhaps last night i tried too early! We shall all pray~

Alan, thanks for dispelling the 'myth'? i do hope u are right... my heart sank to the bottom of the ocean when that error message hit me...

I could not register as well. Perhaps still too early? Anyway succeeded in registering? lol.

I am waiting for the results to be out to register!