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Finally I got the e-mail today "Certified". Timeline Submitted on Jan 2nd 11P.M and final certified e-mail received on Feb 6th.

Congrats Jacques and Roshan! still waiting. Datapoint: I submitted mine on Jan 2nd 11P.M

Congrats frm_risk! I submitted mine on Jan 2nd 11P.M, got Garp confirmation that they received a few min later. Still waiting for the Certified notification.

Congrats Hamu4ok, I posted mine on 1/2/15 also and no response from garp not sure in what order they are processing. If its FIFO i am surprised it takes 2 weeks+ for for the same day submission.

I passed 31213 David and fellow members - thanks for answering my questions, areas i was doing really well before exam i got 3's. I guess the 1's saved me. Krenate better luck next time, feel free to message me for any help

I cannot tell, mine depends on the questions that they take out(sampling questions). I messed up quite a few where i did not stick with my first instinct and changed answers in the last 10 min, which i know i lost 5 points. I was good at eliminating to two choices but I chose lot of wrong...

One more.. they gave the distribution of market, credit, op, firmwide. Investigators found something strange about a distribution.. Not sure of the answer i picked firmwide which is described as very close to normal.. want to hear your thoughts

krenate - my thoughts on arbitrage are a few threads above yours.

hedge fund convertible arbitrage, some options i remember were long credit, long liquidity or something.. I picked something related to credit. I looked for something related to spread.. i think i got this wrong. Monu - don't worry you will pass 45/60 is excellent. you did much better than folks...

Roshan - Can you correct what I am missing here, my understanding is MRC diff = Basel VAR - Prior to Basel Var Basel MRC = Max(var, M*Varavg) + Max (svar, M*svaravg) = 500 As per your definition then Prior to Basel Var is 150 (3*50k) then the answer should be 500-150 = 350

about var/Svar someone replied answer as 320, how did you get to that? I know how its calculated as per Basel not sure prior to basel. So i picked difference 500-XXX as 350 as a guess

agree with Monumonumental Bootstrap answer I am pretty sure about it and have read some where

I missed the variance swap, I chose correct answer "easy to price" and later changed to it can be replicated using call and put ( wrong choice)

Anyone remember the question on RAROC what interest rate we should lend.. remember vaguely.. for me none of the answers matched exactly 50/80 my guess would be a sure pass

I don't remember much as well... quite a few verbose questions. calculator usage was minimal based on the questions. Question on Variance swap, very few questions on Current issues < 8, Sharpe, treynor, but i got lost with the choices given Also noticed there are multiple questions (based on...

David/All My thoughts were like this i might be wrong but cannot convince myself about the flaw in this thinking Net payment would be about 30 basis points every 6 months, so if i calculate PV@libor of 30 basis points in 6m, 1y, 1.5y, 2y.. 3y and then subtract from 100. Shouldn't this lead to...

Thanks Nicole and Shakti Good luck to all.. expecting the exam to be brutal. Tensed as I did not do lot of practice questions.. 24 hrs to go!! revised most topics so have some comfort. Curious to know how others are doing. Appearing for Part II

David - shouldn't volatility of surplus be sqrt(variance of Assets minus Liabilities) which means from your above calc Volatility of surplus = sqrt[1100^2*10%^2 + 1000^2*8%^2 + 2*1100*1000*10%*8%*0.30] should be Volatility of surplus = sqrt[1100^2*10%^2 + 1000^2*8%^2 -...

They are only practice questions not previous real exam questions.

Garp practice tests only have 20 practice questions not sure why everyone posted their scores for 25 questions?