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  1. Z

    took FRM Level 1 in november and Can only register for FRM1 now -> did not pass the exam?

    It is quite strange that you have different message than me. Hope it is a technical problem :(
  2. Z

    took FRM Level 1 in november and Can only register for FRM1 now -> did not pass the exam?

    Hi, I tried this morning to register for FRM 2 and I got the following message Thank you for trying to register for the FRM Exam Part II. Because you have not cleared FRM Exam Part I or are not currently registered for Part I, we cannot allow you to register for FRM EXAM Part II at this...
  3. Z

    FRM exam level1

    OK Thanks
  4. Z

    How GARP calculates passing score?

    Hi archlight To me they are all equally weighted but you have more questions in Valuations Models + Financial Markets (60 questions) than for quantitative analysis + Foundations of risk management (40 questions) Cheers, zript
  5. Z

    FRM exam level1

    Hi Turtle2 If you passed L1 in May 2010, how do you know the level of difficulty of the L1 november 2010 one since you did not write it? Looking to the comments of many members here, the L1 november 2010 seems to be more difficult than the May one. (much more calculations and not...
  6. Z

    How GARP calculates passing score?

    Then If the shortcut is 70% you are in :) Myself I think that I have 55-60 right answer Hope the shortcut will be 65 then :) (maybe too low shortcut to apply for GARP)
  7. Z

    How GARP calculates passing score?

    Hi Braxxus Thanks for your answer. Now it seems more clear to me By the way, I want to have your personal opinion on the top 5 quantile. Do you think 90 could be a realistic average for this part of quantile? I would say 80-85 myself. Cheers,
  8. Z

    How GARP calculates passing score?

    Hi, I saw in GARP website that the passing score is the ratio of the absoute to the top 5% quantile average results What do they mean by absolute score? is it the sum of everyone scores (just the one that wrote the exam not, i.e not including the person that didn't come) for example...
  9. Z

    Credit risk in currency swaps

    Hi, Looking to the below previous FRM exam question Which of the following os most accurate regarding the credit risk of a currency swap? 1.domestic currency leg increases, so does the credit risk of the foreign currency payer 2.domestic currency leg increases, so does the credit risk...
  10. Z

    Creating value with risk management - value of firm with taxes

    Hi, In paragraph 3.2 from Creating Value with risk management document, Rene Stulz show us the formula of the value of a firm with taxes He took Pure gold price as example. I understand that Value of firm = PV(Gold Sales) - PV(Taxes). I agree that PV(Gold Sales) = 333.33 but I do not...
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