Search results

Yeah, I remember the balance was USD 42K (which was still above the maintenance margin of USD 40K) so no variation margin is required... hopefully :P

Anyone remember the answer regarding the Variation margin question?

Didn't they mention anything about a complementary set in that particular question? Silly error from my part then.

Yes that was most probably the correct answer, marked the same.

Regarding 3, I answered that the banking book is related to the loans, while the trading book is related to the assets and liabilities (I recall it was mentioned in the first reading "Banks" in FMP). 4- Im pretty positive that was the answer (it's what I got anyway after applying the z(t) formula)

In addition to the above, these are a couple of questions I recall: 1- A question related to Antithetic & Control variates; I marked Antithetic not sure if it's the correct answer though. 2- A question related to foreign exchange risk (CHF and euro denominated loans). 3- Banking & trading...

Hey guys! Preparing for May 2018 as well. If you may add me on +96170638880 Cheers