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Don't get example 7.2 in the books: Consider a portfolio containing five positions: A five-year senior secured bond issued by Ford Motor Company A five-year subordinatte unsecured bond issued by Ford Motor Company Long protection in a five-year CDS on Ford Motor Credit Company A five-year...

I saw some of the notes in VitalSource were updated (eg. ORR) but this was not yet reflected in the updated materials forum post. Could you please let us know which study notes have been updated? Without these update notifications I'm not really opening my vitalsource and just reading from the...

Think there is a change not reflected in the spreadsheet for 2022-2023 part 2. Last 2 chapters of ORR (25 & 26) are not in the books or in the 2023 LOS and they are in the RHS of the table showing the 2023 LOS.

I just finished book 1-3 in terms of theory, now at Liquidity. Kept ORR for last as there are most of the changes, would also love to hear if there is an expected date of update for the material regarding - operational risk & - current issues. Many thanks for the effort Bionic Team! ;) T-89

Personal suggestion as I love using the study planner on your website. Can you please include collapse for each book as well. Let's stop the endless scrolling (☞ﾟヮﾟ)☞ Also -- but much less important -- love the fact that you link the material to the chapters of the original authors, but perhaps...

Hi @gsarm1987 thanks for the message, but how is this related to the notation differences between EE & EPE vs NEE & ENE?

Hi David, I have a question relating sheet 29_7_CMS in the spreadsheets. Maybe a stupid one. The probabilities q & 1-q, are these normally given for this example? I'm maybe overthinking it, but as we are given the interest rate process we should firts derive it assuming a zero-coupon security...

Hi @David Harper CFA FRM , While going through the material and all videos for Credit risk. I noticed 3 subjects not in scope of the focus review. Ofcourse in the 2 hour session you go through the material that you've seen by candidates is highly testable. Is there an overview you currently have...

note that there is also a discord group with live chatting available, let me know if you're interested then I'll send you the link. The server is much less active right now, presumably as most of the people are starting to study

Hi David, Just a question, the last part of the video below contains LOS that are not inclduded in the study notes however the content of the material you treat there is also in the book...

Hi David, just a question on the notation. I've noticed in the videos that EE and NEE was referenced for CVA and DVA respectively. But in the study notes I observe EPE and ENE. Made me a bit confused, perhaps I'm overcomplicating things. But EPE is the weighted average of the EE, with EE the...

*might need a move to paid customers :)

Hi David, Just a question about netting. Could you perhaps provide an example of netting that imposes higher losses for certain credtors. Legal risk is mentioned in the notes but in the video you've also mentioned that it imposes other creditors to more significant losses. Many thanks in...

Hi all, I find it very helpful to get suggestions for material to fully capture the dynamics, macro view, history etc., I've stumbled upon an interesting lecture by Altman in 2019 at the LSE featured by SRC (Sytemic Risk Centre) on youtube: "50 years of Altman Z-score of 1968" which gives...

Cool, thanks for the update. I imagine most updates then concern: - Operational risk as there are most changes involved there notes & practice (perhaps video's or is this difficult to estimate?) - Current issues (new readings) notes & practice (- video's investment risk) - are we also going to...

Same here. Thanks @David Harper CFA FRM @Nicole Seaman Now let's go to Part 2 & Certification :)

Top equivalent to the 2 approaches I mentioned. Thanks David for the quick feedback

of a put this is e(-qt)*N(-d1) or (N(d1) - 1)*e(-qt)?

Hi @David Harper CFA FRM . Thanks again for all the material! Was wondering if what you said was correct in the instructional video of duration : around 24'14" Modified duration = dollar duration / 10.000. I thought from the beginning of the video that this is the formula for the DV01. Kind regards

Fyi an error found in the GARP book on page 54 solution of 4.13 cumulative default probability should be 12.22% as in the table (I'm assuming GARP recently updated the table in the chapter but did not update the exercise solution.