Search results

Hi Jessie, To be honest, I went into the level 1 exams without really getting a good intuitive feel on the CTD as well and 1 question came out. Fortunately, it was rather straightforward and the approach was given similar treatment as the sample exams provided by GARP. Here's a short...

Hi sathyaan, Looks like i've found a clone of myself! I'm also doing the same exams this year end! But the only difference is that i'm doing an undergrad program now unlike you doing a masters. Actually I also asked the same question but i thought over some time that no one could answer that...

Hi RomanS, I kind of agree with your reasoning but i find that part (ii) is ambiguous when they say similar. Taking a look at the bionic turtle notes, the MBS is somewhat slightly more valuable than a corporate bond or non-prepayable pass-through at high interest rates.. But i guess the more...

I was looking TRS on youtube and found a video by david and i think it helps to draw a picture out. I think the confusing part at first was that BP is lending shell 100m @ 9%. However the TRS reverses this process and i cannot understand from the question what is the logic of lending...

Hi subram, I am planning to sit for level 2 this year end if i passed level 1. I have a few questions to ask you.. Did you manage to read through the core readings? (those thick stack of academic papers and BASEL!) Also, level 2 mostly tests on qualitative right? (how did anyone managed...

Dear david, I just printed the free GARP FRM level 2 materials today and unexpectedly found the dense of thickness of the core readings. My question is: how should a candidate focus on the materials to study for the exams? is it necessary to view all of them? given the mostly qualitative...

@braxxus: thanks for your candid sharing. i was wondering what background do you come from in terms of educational / work. I am just 1 year old in finance and a quick look at the materials in part 2, i found that there is indeed much time i require to put into in terms of seriously understanding...

Would totally love to hear level 2 questions! I myself am trying to fit in level 2 this year if things go smoothly as planned. =)

My thoughts exactly, Alan. It would be a pity to void questions that you know and like you said, spend enormous effort and time to crack. The additional drag on other questions is not justifiable.. You can never ignore the moral damper when hitting a roadblock on QN 3in an exam that has 100 QNs.

Guys, anyway GARP has responded on facebook regarding potential errors, just thought i'd share: It is GARP’s intention to offer a high quality examination that accurately and effectively assesses a candidate’s risk management knowledge. After every exam, GARP undertakes a thorough review of...

@braxxus: Thanks for sharing the information. I myself having just taken the part 1 exams, discussed questions over the forum and found that i have made a couple mistakes here and there.. What would you have done differently in your preparation on hindsight? Anything you felt you should have...

Hi guys, I've just taken the Part 1 exams last week. I wonder if anyone can share the difficulty and spread of questions in level 2? For instance, i found level 1 to be ~70% math, 30% qualitative. Does anyone remember roughly if this is consistent with Part 2 as well? Also, after taking the...

@alan: I'm sure people will be grateful for that. @prashant: don't be discouraged. i think its just a small sample of people taking the FRM participating in this forums. i'm sure many feel the same. i myself am feeling it too after reading some of what alan said.. let's cross our fingers for...

@alan: Thanks for your encouragement and by looking at your commitment level, i'm pretty sure you will do well in Nov.. Wow that's a lot of details your friend remembered. On margining in OTC market, i chose netting. On the delta hedge which your friend used simultaneous, i don't remember...

Hi Alan, Your friend has amazing memory to remember so many questions with such detail. But I think I've learnt a few things so far already just from this thread. I just hope for the best. There were a couple of questions as mentioned de and yourself that; ~2 that somehow I felt were not in...

@David: Thanks David, my understanding in risk is still far from good. But i feel confident that i have much to learn from you and other forumers. I can't wait to subscribe to FRM part II although i will be attempting CFA level 1 in decemeber. Maybe I'll do it later after breakfast! @2011...

I did the sample exams 1 day before the exams and scored around 80% but i thought they are not very indicative of the real exams. The real exams i took today are definitely a notch above in difficulty. For instance, the exams will not ask you to solve for Standard Error. They will usually ask...

Hi, I just took the paper in Singapore. I thought it was alright. But i thought there were a couple of mistakes in the paper. (anyone noticed?) Overall, I think it's mostly quantitative but with quite substantial theory questions (more than expected). Some questions require deeper...

Hi, I don't myself remember seeing any exponential distribution problem so far. But regarding your question, this was how i did it: There is an average of 2 calls / hr. So lambda would be 16 calls in 8 hrs. P(x=20) = [16^20*exp(-16)] / 20! = 0.05591950595450295675 Answer is a.

Hi david, I was thinking about what you said yesterday in the webinar but i still have some doubt regarding my understanding of the BSM. I tried to draw out what i visualized on excel and I do not understand esp what N(-d1) signify. Initially i thought it was the delta of a put. But then...