Search results

The ethos of the forum is transparency, to which I myself am also entitled (I'm only responding because I start my workday on this transparent forum that I have hosted for over a decade). I start every day here in the forum, tying to answer questions to help candidates. Our process has been the...

@tekkenking I hope you don't speak for everybody. When you compare us to other providers, it is a false comparison: none of them will have zero gaps in the new material by May. The difference is that we show new material sooner and we update constantly (throughout the year) to close all the...

Hi @JRodriguez You need to click on the actual text for the course you purchased; e.g., "FRM Part 1 Advanced" Please note: we do realize this My Course page is not sufficiently intuitive: we are working with the developers to make it more intuitive to reach the course. The previous SP was...

Hi @wooju7533 I think we can improve the terminology here but you are correct: the basic TRS (aka, TROR swap) is unfunded such that the protection seller (aka, buyer of credit risk) is paying interest--in the typical example LIBOR + spread (hence the reference to "floating payment")-- and the...

HI @ps_ricky_son in the future can you please refer to https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/ as we just really don't have the resources/bandwith to respond to every reading. Thank you

Hi @Javier Nieto Thank you. We agree with two of your points (useful to see only package paid for; navigation sidebar). We are looking at fixes to both. I *think* it will be easy to remove the 2 page pagination in part 2 and make it one long page, i think that's maybe better than 2 pages, I...

Hi @Frodo81 No it cannot be answered, it's a flaw in the book, see https://forum.bionicturtle.com/threads/problems-in-garps-2020-frm-material.23011/post-80579

HI @surv I see what you mean (the book chapter 6 is called "Measuring Credit Risk") however both the Learning Objectives and Study Guide ((at least in my versions) are calling this "Chapter 6: Credit Risk and Capital Modeling" @Nicole Seaman I just sent GARP an email to alert them of this...

Hi @corinne.lieberman21 I did not realize the confidence level is not explicitly stated, I apologize and have noted this for the next versions. You are correct: the confidence level must be explicitly stated. Re: "Also, are we always supposed to assume 95% on these questions?" No, because 99.0%...

Thank you @yumetriz that is much appreciated!

@yumetriz No, we can't publish a partial update (what a great formula for more distractions and communication loops :rolleyes:). Our tech team is working very hard on one single outstanding bug (with Learndash and Group permissions), I am told and monitoring the upgrade daily. They are telling...

@ankush1012 we have notes drafted, they will show up in the new SP when it's published. Very soon, tech working on some final issues. Please refer to this https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/page-2

Hi @giuseppe.dattis Welcome! That part is interesting, I have too struggled with it. But isn't he just using inverse transformation to infer any default time in years? (although I get a bit flummoxed on the cumulative aspect ...). The cumulative PD = 1 - exp(-λT); he's using λ = 2.25%. So the...

Thank you @Lmgroves1 I agree. I've shared a link to your comment with GARP (thank you for your permission) because I've been saying the exact same thing. I believe it serves neither candidates nor EPPs to be simultaneously overhauling and expanding the syllabus so rapidly. For one thing, P2 is...

HI @Dunston i think people care because you need the work experience approval to actually use the designation on your resume/linkedin; e.g., "David Harper, FRM" or "David Harper, Certified FRM" ... personally, I totally get it: when you work really hard to finish something, it's exciting to be...

@rod707 moved to here

right, you probably saw @jimmykaw but i included your observation here where I've started to collect issues (and there are more issues, I find something almost every day i work on notes) here at...

@jimmykaw right agree with your p 126 however at the bottom of my page 127, there is TSS' as shown: sorry, i realized i gave you the wrong page number above, i meant p 127 re the TSS'

Hi @Fittyfive9 it's not a typo: discount factors are multipliers. For example, if capm β = 1.2, Rf = 2.0% and equity premium is 5.0%, then E(r) = 2.0% + 1.2*5.0% = 8.0%, such that PV = FV/(1 + 8.0%) and df(1) = 1/1.08 = 0.9259. And this discount factor is a multiplier; ie., it multiplies by a...

Below is the updated pass rate chart (cc @Nicole Seaman ). Really brief observations: This is now a 10-year sample (20 exams; starting with May 2010 when the FRM split into two parts)! The Part 1 pass rate of 45.9% happens to be coincident with its long-term average The Part 2 pass rate of...