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Hi Joyce, Just go to Google and type Jon Gregory 'Counterparty Risk' - you will find the pdf for 450 pages. You can download and print it. You will also find the spreadsheet link referenced inside the book. Thanks! Jayanthi

Hi Shakti, Just got the Jon Gregory book. At first glance, it looks like a terrific one! It is available freely as a pdf on the web. However, it is 450 pages....He has also made available, free spreadsheets pertaining to the text... Thanks! Jayanthi

Hi David and Nicole - Just wanted to let you know that I will not be participating in the Student Forum until May 31, 2015. Cheers!

Thanks Shakti - appreciate it! I will look up the review on Amazon or Flipkart and decide on which one I should buy. Jayanthi

Hi Shakti, Thanks a lot. Of all the three books above, which one in your opinion is the best? I want a book that has a balance between theory and practice. I am quite familiar with the Creditmetrics Technical Document of JP Morgan, when I was working for them in NYC. Jayanthi

Hi David, Can you suggest some good books in the area of Credit Risk? I have: Risk Management and Financial Institutions by Hull FRM Handook by Jorion Derivatives and Risk Management by Stulz I am currently preparing for a Credit Risk Training course. Thanks a tonne! Jayanthi

Hi dawnperiwinkle, Just to let you know (in case you don't already know) GARP does not allow more than one deferral. Thanks! Jayanthi

Thanks @ckat - appreciate it. Will come in as very handy while studying.....

Hi Shakti, if you look at the futures price: June 6 = $596 and June 5th = $597, the daily loss on June 6th is ($596 - $597) = -$1. Since the contract size is 100 ounces and the no. of contracts = 2, the daily loss on June 6th = -$1*200 = -$200 and not -$180. This is to be added to the...

Date Futures Price Daily gain/loss Cumulative Gain/loss Margin Balance Margin Call $600 $4,000 5-Jun $597 -$600...

Hi @freddel02, One book that I bought recently on Liquidity risk is by Leonard Matz. It is titled 'Liquidity Risk Measurement and Management'. Although, I have not read it in detail, a casual glance looks like it is a book worth buying... Thanks! Jayanthi

Hi David, Yes, it makes perfect sense....I guess ESO stands for Employee stock options? Thanks! Jayanthi

Hi David, 136.4 Consider three positions on the same underling asset: 1. Long forward (forward price at current spot price), 2. Short forward (forward price at current spot price) and 3. Short put option (strike price at current spot price). Which sequence, from lowest potential to highest...

Hi Shakti, Thanks for your reply, I was actually talking about 'circuit breakers' which were instituted at the NYSE after the Black Monday 1987 crash. As of now, these have been eliminated - see link http://en.wikipedia.org/wiki/Trading_curb.... Jayanthi

Hi David, As referenced above, you mention that "Equities typically do not have limits on price movements or the size of positions". Q: Correct me if I am wrong, but are not the US stock markets governed by the "up-tick" rule since the 1988 stock market crash (Black Monday)? Thanks! Jayanthi

Thanks Nicole - I understand. Time is premium on both sides:) I noticed later in your message to Jocelyn, that David has already included several questions from Diebold. I have reviewed them! Jayanthi

A great idea - I am also planning to skip it for now. Although, one of David's spreadsheet deals with MLE, I couldn't quite comprehend it.:)

As of now, I have not read up this section in Hull's reading. The theory looks formidable and I am not sure I understand it:)

Hi David, In the answer below isn't the constraint eg persistence (alpha + beta) < 1 and not (alpha + beta) < 0. Please clarify: 107.3 [This is an exercise to help clarify MLE. Of course the exam cannot ask this question]. Here is a spreadsheet that contains the EUR/USD exchange rate for the...

Hi David, I notice that while MLE is covered in Reading 14 - Chapter 23 of Hull, it is not mentioned explicity in the AIM's. Does that mean we can safely ignore it? Please clarify! Thanks a tonne Jayanthi