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  1. Q

    FRM 2011V4 Part 1 Qn 15

    The yield curve is upward sloping, you have a short tbond interest rate futures position. The following bonds are eligible for delivery. Bonds Spot Price Conversion Factor Coupon Rate A 102.44 0.98...
  2. Q

    Marginal, component and incremental VaR

    is incremental or component = marginal * the value of position? The schweser text is super confusing on this issue
  3. Q

    With increasing EDF, UL increase at a much faster rate than EL

    Maybe when FRM (which schweser took from) set this question, they were just playing around with the formula of EL and UL, without considering that there are other effects. Thanks for being a great help.
  4. Q

    With increasing EDF, UL increase at a much faster rate than EL

    but can you please explain why sqrt (edf) for UL < edf for EL since edf is smaller than 1. Actually the spreadsheet is good but we cannot use it during exam
  5. Q

    With increasing EDF, UL increase at a much faster rate than EL

    This is a statement made by schweser study note. How can it be so since UL=sqrt (EDF.....) anything square will be reduced right? Unless because EDF is <1 and it will be bigger if it is sqrt?
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