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Roshan! I had no doubt that you would pass! Congrats! I am sitting for part 2 in may.

@David Harper (or anyone else!) I am wondering if you have a spreadsheet with an example of HS utilizing a bootstrap approach. If I missed it, my apologies! Best, Brian

I am unable to download from the BT website to my kindle directly. Were you able to or did you need to connect to a computer and transferring usb?

Has anyone been able to download the materials to a kindle successfully?

Thomas! Good to see you back. Let's get this done in May!

David and Nicole have answered questions of this sort many, many times. I suspect that the response will be similar to previous responses. See the below response from an earlier post.

Isn't the efficient frontier 2 straight line segments connecting the greens to the red in the case of perfect negative correlation? So, yes, it would include the risk free asset.

Thanks for that clarification - it is good to know!

A 2/28 is fixed for 2 years and adjustable for 28 years and a 3/27 is fixed for 3 years and floating (adjustable) for 27 years. Both inherently assume a 30 year amortization.

http://www.garp.org/frm/study-center/study-materials.aspx Registration also opened for the 2015 exams today. Best, Brian

Thanks Shakti - I am really looking for a text reference on LGD modeling via monte carlo; i.e. something that can provide a step by step implementation plan and corresponding guidance. I will take a look at Ong again. Brian

Can anyone help?

Can anyone suggest a reference for modeling leveraged loan LGDs via Monte Carlo simulation? Particularly, I am looking for some information for determining the correlation matrix and for identifying which distribution to assume, but a more fundamental reference would be greatly appreciated...

You are most welcome! Brian

There are countless ways in which this could happen, in my humble opinion. At first thought, it is my understanding that most credit facilities restrict access to funds following a downgrade (or a variety of other ex ante defined events). Consider a company rated Baa3 with. $100 credit facility...

No we do not have a branch in Dubai. My company is a super-regional bank in the US. I hear there are many, many opportunities in Dubai, so I am certain it will work out for you. I do not have any network contacts there unfortunately. Brian

I work in Banking and have done so for over 10 years. Depending on your location, I can say with confidence that if you reach out to a risk recruiter, via LinkedIn or some other avenue, and you mention that you have the FRM, you are virtually guaranteed an initial conversation. Again, it...

absolutely not....

David is suspiciously quiet....he must be sitting back and taking in all the accolades....even if he is on vacation! (Might I add .... well-deserved accolades!!!)

I knew you had it!