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link migt help http://www.300hours.com/1/post/2012/08/7-must-know-tips-to-getting-your-cfa-work-experience-approved-plus-a-bonus-tip.html#.UhMBn5I3Crc thanks

hi there, first form of information ratio is given by Rp-Rb/vol(Rp-Rb) where Rp-Rb is the active return over a period for the portfolio and vol(Rp-Rb) is the volatility of these active returns over the same period as which is the active risk/tracking error as mentioned by David can be written as...

hi, @Swarnendu Pathak The investor buys CLNs from the issuer who receive face value of the issued CLNs, this face value amount is then deposited in high quality collateral which earns the collateral interest and this interest can be swapped with libor to earn high interest rate. this collateral...

hi you can apply if possible BSm model, replace stock price with interest rate i and the fixed rate as the exercise price. The term of the swap as the maturity of the option and apply the formula for simple option vega to arrive at the vega of the IRS. For IRS receive floating and pay fixed...

please visit the following links: http://forum.bionicturtle.com/threads/memorizing-facts-about-distributions.4693/ http://forum.bionicturtle.com/threads/z-table-during-the-exam.5443/ thanks

hi, duration of bond=dP/(P*di) where di is small change in interest rate and dP/P is small percent change in price of bond => duration of bond*di=dP/P =>volatility(duration of bond*di)=volatility(dP/P) =>volatility(duration of bond)*di+volatility(di)*duration of bond=volatility(dP/P)...

hi please visit here http://forum.bionicturtle.com/threads/is-frm-worth-after-clearing-cfa-level-ii.148/ My view poimt both are exams with different perspectives to finance one deals with the risk side while cfa is more broad covering all that is there including some aspects of risk. Really if...

Hi i found the interesting paper on ES back testing on net: please refer to it thanks

hi, The other limitations of this strategy, 1. The put option does not expire once the futures value cross the threshold of 1011 but instead there is still some time left before the exercise of the option such that the option still ends up in the money when the futures price swings back below...

Hi, As per you said you have a lot of experience in credit risk as a analyst i think the credit risk curriculum of part 2 you can understand. you would be made aware of counter party risk, CVAs, some models as Merton model to assess default which is the centerpiece of assessing credit risk with...

Hi, try this link also:http://forum.bionicturtle.com/threads/var-and-es-vs-sub-additive-measures.449/ The ES follow sub-additive property because as returns of X and Y are non elliptical then their simultaneous returns are also non elliptical but now we are taking average of those Vars and this...

hi, visit link: http://forum.bionicturtle.com/threads/yield-based-formulas-for-dur-and-conv.7071/#post-25355 hope it helps

Hi Jasvinder Taneja, I did the following : started in December till mid February did all the scheweser notes thorougly with a regular study schedule(min 5-6 hours). Then for 1 month mid February to mid March read the Damodran book(valuation tools and techniques) which focuses on valuation(really...

hi congratulations hend and best of luck for next level, I too cleared level 2 this time around. thanks

hi, @Swarnendu Pathak Your existing work ex is sufficient. The policy is of minimum of 2 yrs work ex related to risk management regardless of whether the work ex is earned after or before clearing the part 2 exam. thanks

Hi , Its after passing both parts I and II that you get the certification. After you met atleast two years professional full-time work experience together with criteria of passing both parts not one only that you can get the certification. thanks

hi Marginal var is the change in the portfolio var with a unit change in position of the portfolio. Thus MVar=dVaR/dw is the slope of tangent to the Var curve Vs the position w. Thus MVar=d(sigma(p)*z*Vp)/d(wi*Vp)...

hi proceed as follows, 104.0469=(6.25/2)*e^(-0.01491/2)+(100+(6.25/2))*e^(-Z2/2*2) 104.0469-(6.25/2)*e^(-0.01491/2)=(100+(6.25/2))*e^(-Z2) [104.0469-(3.125)*.992573]/(103.125)=e^(-Z2) divide by 100+(6.25/2) on both sies .9788=e^(-Z2) ln(.9788)=-Z2 (take log n both sides) ln(1/.9788)=Z2...

Hi, Price of bond=P=C/(1+y/k)^1 + C/(1+y/k)^2 + ...... + C+F/(1+y/k)^T applying GP, a=C/(1+y/k)^1 and r=common ratio=1/(1+y/k) Sum of above GP= a(1-r^T)/(1-r)=[C/(1+y/k)]*(1-(1/(1+y/k))^T)/(1-1/(1+y/k))=[C/(1+y/k)]*(1-(1/(1+y/k))^T)/(y/k/(1+y/k))=[C]*(1-(1/(1+y/k))^T)/(y/k)=(kC/y)*(1-(1+y/k)^-T)...

Hi jeffy, The issuer here transfers the default risk as well as the credit risk of the bond it owns to the CLN investor. The issuer pays coupon plus the additional spread(for assuming the default risk) to the CLN investor. The cash received initially from the sale of CLN(transferring the bond...