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Hi, CFA l2 has syllabus not similar to frm 2. As i know the frm focuses on risk management concepts while cfa focuses on investments concepts. They have some similar topics say 20%. As you said there are commonalities in some topics like fixed income, portfolio management but disimilarities are...

Generally the pass rate for FRM part II is on the higher side at around 55% while for part I its a little lower at around 45%. But it does not mean that passing the part II is easier than passing the part I. Hope to see all of you pass. thanks

If company is experiencing financial crisis and consequently agency lowers its rating, than demand for bonds of the company will decrease and only more risk taking investors demanding higher return would be interested. Return over maturity of bond is (F-P/P=(F/P)-1) so as P decreases the return...

Putting the benchmark at 70% out of total score of 80 we get 70% of 80=56. Hence to be on safer side you would need at-least 56/80 to pass the exam.But depending on the difficulty of the exam you can expect a downside of at most 10-15% which makes the passing score 85-90% of the total benchmark...

Exposure to the counter party is the net outstanding amount to the counter party.Outstanding amount is the amount which is to be received from the counter-party. Positive exposure to the counter-party has a credit risk while a negative exposure is no credit risk but there is forbearance of...

Yeah agree shady007 Prepayment Risk occurs when the mortgage holders prepay a large or whole part of the mortgage, thus the MBS holders receive the payment well before the maturity of the mortgage. Generally this prepayment occurs at low interest rates so the MBS holders deposit the prepaid...

sorry double post thanks

please refer to the garp site instructions.

hello sleepybird, They just allow the stuff that would be useful on the exam day. Although the "Wristwatches with engaged audible alarms/timers or any type of desk clock/time" are not allowed. only following items are permitted: • FRM Admission Ticket(s) • Current government-issued photo...

ATB to everyone giving the FRM exam this week. Hope all of you sail through and pass the exam with flying colors. Please dont take tensions, stay fit, learn but not much this time and revise, and be cool and calm till the exam day.Hope you all have a great exam this weekend. thanks

Yeah in quotation USD/AUD its the USD which is the domestic currency is generally dom. currency/foreign currency. So its the left of the quote which is usually domestic currency.Its not safe to assume USD as domestic currency for every question as domestic currency might change or US mightbe...

Hi all, I think the best strategy would be to scan through all the Questions and first solve the ones you find easy or are able to solve. Than on second go try to solve those which you find difficult to solve or were time consuming. Remember to keep aside a buffer time of at least 30 mins for...

LEO04 Yes you have to do the rough work in the question booklet itself and as per my experience there are no blank sheets given for the same in the exam. There is ample space in the booklet itself to do the rough work. I dont think the space provided in the Q booklet itself is not enough but is...

In regression analysis, we need to find that whether the intercept is significantly different from zero. This is a null hypothesis test to test whether intercept equals 0. H0: intercept== and Ha:intercept!=0. we calculate the t statistic to see how much standard deviations the value of intercept...

Yes fallacy in my answer there is some consideration given to securitization (lower risk weight) while calculating the capital charge but securitization and capital charge are different concepts. While determining capital charge the securitizations products are treated differently based on any...

Avoid getting into technicality and just see my reasoning: As interest rate increase, the mortgage holders will not refinance the mortgage at higher interest rate as they if refinance again will have to refinance the mortgage at a higher interest rate and hence they keep on paying their Monthly...

Before david can reply, this is my point of view: Basically banks shed-off the loans in form of debts to financial institutions and mortgages through securitisation. Capital charges are used to cover the unexpected sudden losses that can occur due to some risk in the market or some major credit...

@aadityafrm Consider the 1st to default CDS basket, here the chances of any one CDS defaulting is higher in a low correlation CDS than a high correlation CDS. Because the factors affecting CDS are quite different in low correlation CDS than chances of happening of any factor out of n factors is...

please refer to the link: http://forum.bionicturtle.com/threads/kurtosis-and-peakedness.4758/ thanks