You need to provide the name of your supervisor and describe how you manage risk in your everyday job (basically, write a small essay describing your job & how it is relevant vs FRM). No need to submit any written certificates, contracts or whatever.
I got an email - wouldn't have noticed...
1) 1,1,1,1,1
2) Every single one, BT notes where my sole source of study (only very quick complementary read through GARP books). I worked chapter per chapter and usually watched the video first (if available), then went through the study notes 1/2 times.
3) After the above, I had a second round...
Passed P2 1,1,1,1,1 after having passed P1 1,1,1,1. I exclusively used BT for P2 (no books, no other sources), so definitely some credit to BT for the quality of study notes and most of all exercises.
BSM assumes constant volatility, which is not appropriate for bond valuation because bonds pull to par as they reach maturity (hence volatility becomes smaller and is not constant).
Hi Nicole,
I believe i still might have some prizes accruing, although i don't know how much. Would it be possible to convert them to UK amazon gift code? (last time the coupon was only valid on US amazon, which costed me quite a bit in shipping) If that would not be possible, please rather...
I did recalculate for all options just to be sure and since i had the time. However as a shortcut you could see that the change in opex had the highest dollar value in the numerator, so you didn't had to calculate for CoF and EL cause the impact was smaller, that already rules out 2 options...
I found it in line with expectations - maybe even somewhat easier than expected. Questions were generally "fair", i.e. in line with expectations/AIMS and covering the broad spectrum of the curriculum. Good mix of "theoretical" questions and cases (nice twist to add cases and build multiple...
The key questions i remember from the 2014 Part 1 exam relating to QM are:
1) Distributions: i remember because it was the very first question: an application on poisson. There were 1 or 2 on normal distribution too.
2) Regression: 2 questions on interpretation / application of the regression...
Hi @Nicole Manley ,
The instructional video on Duffie doesn't seem to be playing (it freezes after 1 second), nor downloading. Could you have a look at what could be the problem? I never had any issues with any of the other videos (neither in P1, nor P2)
Here it is...
As there are no study notes from BT available on this reading (at date), i made a 1-page bullet-point summary myself.
Please find it below, hope its useful for some of you.
Distinguish between algorithmic trading and high frequency trading
· Algorithmic trading = "algorithmic execution"...
Hi Micaela, as far as i remember, the practice exams on GARP website are freely available for FRM candidates registered for the exam (i.e. they are included in the exam fee). BT also has quite a nice set of question sets and practice exams, provided you subscribe (see features & pricing).
Hi @Nicole Manley @David Harper CFA FRM CIPM ,
I'm currently working through the P2 credit risk. The study notes relating to Malz seem to be incomplete: the website page mentions it is a 67 page document and so does the table of content of the document. However, the PDF document only contains...
Very useful overview Nicole, thanks. Helps a lot in keeping track with things and structuring the work to do. What is also very useful though is that I remember when i was studying for part one you also had an overview of expected updates still to follow. Is this still available?
I'm...
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