Search results

  1. A

    Exam Feedback July 2021 Part 1 Exam Feedback

    What do you mean by M fold and general to specific? From where is that?
  2. A

    Exam Feedback July 2021 Part 1 Exam Feedback

    Hi, Can somebody explain what these numbers mean 1/1/1/1 or why some write they can not see score, while others say they got for instance 81/100? Is 80/100 good result on the exam? Thanks! And what is the average passing score?
  3. A

    VRM Credit Risk Chapter 6

    and another strange question: with answer Where do the highlighted percentages come from? Thank You
  4. A

    VRM Credit Risk Chapter 6

    Hi David @David Harper CFA FRM I came across the following exercise: which has the solution This is a simple question but one thing drove me mad (I do not exclude the opportunity my mind went blank due to being tired :D ) But anyway, I calculated variance in 6.11 as E(L^2) - {E(L)}^2 and...
  5. A

    5% VaR of Normal P/L

    Many thanks David, as always your comments are very useful. This was exactly what was bothering me
  6. A

    5% VaR of Normal P/L

    Dear @David Harper CFA FRM I came across the following question in the Schweser notes to Market Risk book: It is stated that correct answer is D but I think it is A, could you please help me? Thanks !
  7. A

    FAQ Exam Printed Confirmation of Appointment

    Hi, @Nicole Seaman What does Garp mean under "Confirmation of appointment " email? What should I have with me on the exam day? Passport and a printed email from PSI? Is that enough?
    • alexwallace
    • Thread
    • confirmation-of-appointment exam-day
    • Replies: 2
    • Forum: FAQ's
  8. A

    Eurodollar Futures contract - how to think about short/long gaining/losing in a coherent way? SOS

    Thank You David, Could you please check my first question also (the one that started the thread)? Thanks P.S. Don't get me wrong, I am thankful to nc27, but I would be more confident if you provided your opinion about my thought process described in my question (by the way, I completely...
  9. A

    Eurodollar Futures contract - how to think about short/long gaining/losing in a coherent way? SOS

    Thank You. @David Harper CFA FRM I would like to ask one more question: could you please help me with intuitively understanding the following: Thank You In advance once more!
  10. A

    Eurodollar Futures contract - how to think about short/long gaining/losing in a coherent way? SOS

    @David Harper CFA FRM , Dear David, Once again, your extremely helpful insights are needed. When Eurodollar futures price changes from 94.555 to 94.715, the answer is that short contract loses $400. Now my question is: is it conceptually/logically correct to think about this case under the...
  11. A

    FRA and swap terminoligy

    @David Harper CFA FRM in the Financial Markets and Products textbook, Chapter 16 there is the following paragraph: Could you please clarify why FRA holder is due 2,000$? If "holder" means one paying fixed, then he pays 10,000$ and receives 12,000$ - so word "due" here means holder (i.e. fixed...
Top