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Thanks prsdmoh I am in line with your exam's feedback and preparation tips 1 However, I was constrained by time. I toughly completed the 100q. I think I failed to skip enough questions when I was able to see that more time will not be usefull. I think now that's it's a great skill for FRM exam...

Hi prsdmoh. If I remember well, it was about who get the embedded call option in first a bond situation and then a mortgage situation (no recall of embedded put option) with 4 melt options with investor/issuer and borrower/lender. I answered issuer /borrower (mortgage prepayment). For your...

A new one. Thanks! Maybe, it is one of the questions that previous forum participants called "duration/convexity" questions. Personnaly, I remember the one you're talking about. But for me, I believe it was a unique shift on the curve and a question about the effect of each sensistivity measure...

Thanks prsdmoh. Defintvely wrong on the first VAR. Hope I was more inspired on the second one. ;) Concerning your updated points. 1 I had smthg which looked like 957 2 In my memory : Vol estimation with GARCH was not "too hard" (computation thoroughness) but the correlation estimation with...

First, sorry for the double identical answer (do not know why ;-)) And errata => with continously compounding storage costs and lease rates given, I did not use r, S and F. I just used the fact that convenience yield is equal to storage costs + lease rate.

@kawal stina shumi: If we are referring to the same "cost of carry for commodity" question. If I remember, the question was giving a lease rate as one of our inputs and storage costs. So, they required, in my opinion, that we assumed lease rate (a global benefit of carry) = convenience yield -...

@kawal stina shumi: If we are referring to the same "cost of carry for commodity" question. If I remember, the question was giving a lease rate as one of our inputs and storage costs. So, they required, in my opinion, that we assumed lease rate (a global benefit of carry) = convenience yield -...

Ok. Thanks Shumi. So I get that one wrong at 100%. I only made the 95=>99 conversion. Read the question too fast/badly. And, apparently, there was a great wrong customized answer dedicated to that omission.

Hi Ankitrautela! May I ask you a question about your point 11? => I do not remember that the conversion VAR was implying a combined 1d =>10d with a 95=>99 confidence level. I remember a question with a 95 to 99 conversion and another question with a 1d to 10d VAR conversion. Do you remember...

Agree with you for rating question. As Shumi said, the bull markt was a Bayes/conditional probability application if I remember well ;-)

It was one of those qualitative questions for which I spent 2-3 minutes reading the answers 3 times and keep the 25% random chance to get it right after the thinking time. ;-)

Thanks for your feedback! On country risk, That is what I remembered => Political risk => Predictability of risks regarding government policy (democracy, dictatorship etc...)... I can't give you a confident answer because I was confused by the wording. There was a mix between risk continuity...

3 more qualitative questions I have not seen quoted so far: 1 Internal credit ratings concerning through the cycle and at the point approaches 2 Difference between mutual/hedge funds 3 Which distribution to choose to capture movements beyond a threshold

Unfortunately, not remember the numbers. As I have "some moderate confidence" to get those rights => Maybe, if you give some numbers, it will recall me something. For fx, in my memory, there was at least 2q: a forward hedging of balance sheet's assets (I think that is what you mean by "fx...

Another question not quoted so far: Relative positions of spot/ forward/par curves

Thank you for all your infos. You've got all guys an impressive memory. As I do not rember numbers (like you do), I can only give a feedback on 2 things: For Margin requirement, I think there was some (units of measure were "misleading") and for antithetic, I did not choose the average because...

In my distant memory and with caution, it was strangle because it implied to play on volatility (what other answers did not, butterfly for instance, and there was no straddle). Did not remember the MCS question but if you want to reduce by 4 your interval, all else equal (standard deviation and...

My overall impression of FRM part 1 with no focus on question's content (do not remember enough material for the moment to give a good overview): 1 No need to insist on the fact that turtle did a relevant coverage of the material. I used other providers and, for instance, the mock turtle was...