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Dont remember anwers. But i remember that their definition of UGD was tricky so i tried with 1-UGD too, just to see if it is in one of the options.. Though i struggled to find unexpected loss and hopefully found that in the end.:cool:

I had only relied on GARP material and could not relate the Graphs with what i had read. so guessed it and expect to get it wrong.

One new question. You guys would have selected normal in future curve options. I was looking for contango which was not there in any of the options so i went with inverted. Came back home and read again and concluded that it was Normal not inverted.

ok.. This is what i did additionally... there were only two options where we had first part increasing and second part decreasing. Then i checked for the co-ordinates on the x axis and noticed that in one of the figures decline started at 6 (third option) while in other it started at 8. 8 was...

I think it was Last option in my paper. anyways for rising term structure forward>Spot>Par.. a For falling Term structure Par>Spot>Forward... b And it was mix of these. So for first part it had be like a above and second part like b above.

Start date... Any date ranging from 2nd october 2013 to 31st december 2013. End date.. i think it should match with last payment date. Please dont ask anything more.. as i am supposed to flunk and swap was among my weakest topics.. :(

There was a row in the table named "Frequency", 3 months and 6 months respectively. hope i remember it correctly. And regarding ISDA , i would like to duck under it, as it was not part of syllabus.:confused:

No.. check this: (assuming 1st payment on Jan 1 2014 and last payment on 1st Jan 2016) For Half yearly: Jan1 2014- First Payment July 1 2014- Second Payment Jan1 2015- Third Payment July 1 2015- Fourth Payment Jan1 2016- Fifth Payment Similarly 9 for quarterly . Assuming no netting it gives 14...

but probably it was framed as "fiduciary by corporate"

In that case also probability of defaulting will be .1 + .1 - .05 =.15 Hence probability of not defaulting = 1-.15 = .85..;)

I doubt, if question says P(A) = P(B)... if it did, then i didn't read properly that part.

I think contract period was more than two years.. Suppose the first payment date was on 1st march 2014 and last payment was on 1st march 2016. Even with netting minimum 9 payments had to be there as date of Floating payment was semiannual and fixed was quarterly. Which was not there in any of...

Well they had given payment start date as well as end date , which were exactly 2 years away from each other .. Which makes 9 quarterly payments and 5 half yearly payments; sum comes out to be 14...

Same answers .. :)

I might have not checked well.. :D

..... I strongly felt that none of the options were correct, as the return on 40 M portfolio was 8 % and the same on 60 M portfolio was 9 % . Which gives average return of 8.6. Hence at-least one of the options had to have mean return off 100*8.6. i.e. the mid point of the +/- Sigma range. I...

i too got 2.7

It says before the opening of the trading next day. Means today. Right?