Intial picked up B, Correlation swap as answer.
Then after reading C , Value of cds goes down with increase of correlation. Went with C , with some doubt in mind. Just thinking they didnt mention the direction of correlation swap
1. ES at 97.5% --- this was the easy calculator usage bit ...cant remeber the ans
2- basel ii.5 capital requirement (answer was 27.3 - C?) --- this was one the question with too much info ..i picked up to calculate MR and got 27.3 too
3- Liquidity stress scenario - think I went for switch...
For libor seems they had 2 questions...1.sofr libor which is more volatilie....sofr is more volatile....but if we use 3m sofr compounding rate vs 3m libor...libor is more volatlie..not sure which ans they would consider,.....2.libor still has more outstanding contracts.
Climate...
Read the garp update again and yes, no mention about frm part 2. Seems different location for part 1 and part 2 .
When i click on the link for rapid test, its from nieder esbach , far away from airport.
I would assume no test required for part 2
Was only able to attempt around 90 questions , theory questions were pretty long reading and answers as well . Most of them had to around 2 possible answers .
Lot of questions regarding Forward prices , tricky part was few were with continuous and few with annual compounding .
had red...
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