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Thanks David and Nicole.I have passed FRM part 2 ....what a start of new year ....Hip hip hurray!!!!

Hi David.....Can you please explain why option d is is not correct answer ? Which is of true of a central counterparty (CCP)? a. By requiring collateral, the CCP effectively eliminates the need for netting and margin b. End users of derivatives that trade on the central clearinghouse must...

David waiting for your reply???

Can someone explain me the answer: Each of the following is true about a "netting set" EXCEPT for which is false"? a) A “netting set” refers to a set of trades that can be legally netted together in the event of a default b) Within a netting set, expected exposure (EE) and...

Thanks @David Harper CFA FRM CIPM @Gyilmaz Explanation on Non linear exposure was very valuable even though question ruled out non linear exposures. Thanks again!!!!

Hi David Can you please clarify my doubt "In the presence of fat tails in the distribution of returns for a linear portfolio, VAR based on the delta-normal method would: -underestimate or overestimate the true VAR??? Thanks