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Passed with 21122 - Thanks David!!

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The question mis stated that bank backtested using 95% 1 tailed test, whereas backtesting is always 2 tailed test. VaR as u mentioned is always 1 tailed. But in both the cases , 1 tailed or 2 tailed 95%, the critical t is either 1.96 or 1.645, where as test statistics was ~ 2.13 or so it ended...

Yes, qs had an error For Bilateral Netting, as the question read, they wanted to calculate reduction in collateral in moving from bilateral to multilateral via ccp. In bilateral, the total collateral movement between 3 parties was adding up to 9 and with CCP multilateral, it reduced to 2. So...

Hello David, So if I have understood it correctly, SIA approach still uses negative values (if any) as-is at LOB level, but after adding them all together for an year if the gross value is negative, than it is ignored. Thanks.

Hi David, This is with reference to Study notes for Girling Ch 12. Capital Modeling 1. Example 2 on page 7 of the notes, while calculating Capital using BIA approach calculates average of 3 years by dividing by 2, but when Standardized approach is used, divides by 3, though in both the cases...

Dear Nicole, I wish to make a suggestion with regards to a question which BT team faces on a regular basis i.e. when a particular reading/ notes will be published. If BT team can mark LOW PRIORITY/HIGH PRIORITY for the readings for which material is NOT published, it will make life more easy...

Hello David, Sorry to bring this up again, but I am appearing for part 2 in nov 2014 but my membership subscription ends in June. I assumed that at least all preparation material will be published before May exam. Now I am worried that I will not have access to these material if they are...

Hi David/Suzanne The below link in the Practise Question pdf is not opening. Please let me know the correct location. 84.1 A. Guassian copula requires numerical estimation. http://www.bionicturtle.com/how-to/spreadsheet/5.d.2._gaussian_copula/ Thanks R S

Passed Part 1 with 1,1,1,2 Thanks David & Suzanne BT Material & especially Practice Questions were very helpful.