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Thank you so much David! I could have swore I saw it somewhere ...

Dear @nickcentanni , Thanks for the lengthy and informative post! Regarding your question on "calculating the notional principal of a swap given a period's payment and the LIBOR / Fixed rate", are you given the value of the swap as well (do you mind recollecting more details)? I was...

Dear All, Hope your FRM preparations are going well. I recall seeing a summary table in BT's notes with the main faults and lessons learned of all the financial disasters but I can't seem to find it in any of the topic one notes... does anyone know where it is? Warmest regards, Shu Kai

Thank you David for the wonderful details and happy birthday @Nicole Seaman !!

Dear @jihan w , I do not see a specific question on the graph but I can think of several (possible) ones. The graph also looks like an equally weighted loss distribution (which may not always be the case from BT's questions): 95% VaR = -5% * 8M USD = 0.4M USD 99% VaR = -15% * 8M USD = 1.2M...

Dear All, Hope everyone's FRM preparations are going well. I am currently registered for the FRM Part I in July and am attempting to register for the FRM Part II in November. However, it seems that I am not able to do so, is this simply because I have not passed Part I or you are not allowed...

Dear @bruce1976chen , Hope this is not too late. Personally, I do not really like this diagram because it is different from the one we are used to, which is payoff vs asset price. From your whole screenshot, I felt that this paragraph is the most important. Basically, what the author is...

Dear @Eustice_Langham , I took reference from a few YouTube videos and Wiki pages (you can search conditional independence and conditional dependence), there seems to be four combinations we are talking about: Quote Pt 1: "Note that two types of independence—unconditional and conditional—do...