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1. Credit spread measures the credit quality of securities as Bonds or Mortgage backed securities ,higher the spread the lower the credit quality ,during crisis there was degrade in credit quality therefore there was rise in Credit spread.Rise in credit spread means that the prices of the bonds...

It depends how much bad you are in quant,if you can solve basic equations and know basic addition,multiplication math then clearing FRM should be no problem with you. You should be good in basic algebra,arithmetic and i think apart from some exceptional topics where you should know advanced math...

Its amazing to see that registrations have increased so much almost doubled since 2009 transforms to annual growth rate of 15-17%,congratulations Garp people,this should only increase the recognition and value of the FRM designation. Thanks

Hi The critical t value do turn out to be 1.972,here u take df=200-1=199,and confidence percent=95%,i tried it out in excel as function =T.INV(97.5%,198)=1.972 ,as excel gives critical value for 1 tail i used the confidence percent=97.5%.

Please see the Study Guide http://www.garp.org/media/1489257/frm_program_manual_2015_-__013015_rev.pdf. I think it has relevance for the exam as its included in the Guide as one of the topics to be studied for the exam. Even if its of low-medium relevance it would be good if you give a quick...

Please see the Study guide http://www.garp.org/media/1489257/frm_program_manual_2015_-__013015_rev.pdf I think Wacc is not the topic included in FRM.It was not there when i gave the exam in 2013. Thanks

right

please dont get confused if interest rate and the futures are negatively correlated that does not mean convexity adjustment will make futures to be lower priced in the market than the forwards,but convexity adjustment always make futures to be higher priced in the market than the forwards,why...

Hi Libor rate has nothing to do with convexity adjustment apart from determining payoff of eurodollar futures,in fact what we are adjusting for in value is the interest rate at which profits from futures can be invested at because in futures profits can be received well before than in forwards...

hi follow the order as you are quant guy start with quantitative analysis once u pick up the confidence then go to foundations as these both shall cover all basics of risk and shall help and augment your further topic areas,now u can go to valuation and risk models is a topic with models and...

covariance cov(xy)=Sum ((x- mean x) (y- mean y)/n =Sum(xy-mean y.x-mean x.y+mean x.mean y)/n=Sum(xy-E(y).x-E(x).y+E(x).E(y)) /n=E(xy)-2E(x)E(y)+E(x)E(y)=E(xy)-E(x)E(y) Thanks

Hi Yes BT notes and videos are more than enough. Thanks

Hi If 515 are days you clocked as working days then its alright. Thanks

Hi I think its >=250*2 or 500 business days you should have worked to be exact to equal 2 yrs work exp not a single day less. Thanks

Hi See for cutoff: https://forum.bionicturtle.com/threads/percentage-of-correct-answers-to-pass.7028/#post-24587 Thanks

The Quants by Scott Patterson is a must for any aspiring quant. The story starts with how four big quants of wall street using math models and hedge fund strategies would conquer the street and make billions if dolllars. They made big fortunes but the subprime crisis ruin their party . The...

Yes regarding 1st question colouring would be highlighting important points like yellow for less important and red for more important points. Regarding second question this links might help: https://forum.bionicturtle.com/threads/formulas-and-equations.6709/#post-23440...

Hi Yes I am seconding your idea of having a formula sheet, reduced in size with key formulas and concepts define in 1-2 lines. Thanks

Hi As i can understand but may be David can clear on this later when he comes, You see the cds compression in context of reducing a net long/short position in cds to a counterparty. By carrying out the compressive cds trades this net long/short position is reduced to counterparty and thus...

@frm_risk I think i would add two points here,that is its better to keep time for Revision before the exam,Revision is so important that it should come in Bold i would advice just 1 month before the exam to Revise,Revise and Revise. Second its better to stick some reference book while you...