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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Hello the denominator in the equation for the pass rate includes all registered people (also those that did not come to do the exam) or only those people that actually sat for the exam? Thanks
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    in facts I also did your reasoning just after the exam and I have your same impression
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    I think it's CVA, this question was not elaborated in its structure, as far as I remember
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    yes insurance premium should never be added
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Hello Can I kindly ask you whether you are sure about choice B? because I remember that one option was something with replacement costs minus insurance recovery, I am not completely sure about it by the way Thanks
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    In facts yes all is dependent on the semantics of the question, I have also answered policy-mix like Abhirup_2015 since the two analysts were discussing the emerging market opportunity as an asset class, they were investing passively without selecting specific countries or titles. However it is...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    I agree with your comments, although my doubt is that the emerging market asset allocation could be intended as a tout-court asset class. This would in my view not rule out the policy mix risk. Of course all the reasoning is dependent on the semantics of the question that was in my view open to...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    I am not sure but I think so: I remember only two of the options, the CDS and the CLN
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Hi everyone Does anyone remember a question concerning CDS and credit linked notes, where we were asked to select which instrument would be more effective in minimizing credit risk? Thanks
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Hello Thanks for the information: I did not recall any assumption on volatility in the question, if this was the case many apologies. I based my reasoning on page 138 of Schweser book 2, where actually both senior and subordinated bonds' mean value decreases when a firm is under financial...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Thanks for the information, but I am convinced there was no hypothesis on the volatility, neither on correlation. The question just stated that the firm went into financial distress. I just found out that in Schweser material the mean value of both senior and subordinated bonds decrease (page...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    yes exactly that's why I corrected from B to D (where the line decreases): if I remember correctly, the Y-axis was explicitly expressed as (1-netting factor). Concerning my previous statement on the question for the financially distressed firm, I found at page 138 of Schweser material book 2 a...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    I also selected increase senior/decrease subordinated, but my doubt concerned the fact that there was no assumption on correlation or probability of default on the question. Thus I changed my answer to decrease/decrease, since I am not totally convinced by logic that the senior debt would be...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Good morning There was a question at the beginning of the exam concerning a firm in financial distress, it was asked whether senior and junior debt would increase or decrease. I cannot remember the question word by word, but there was no indication on whether correlation or default probability...
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    yes I understand and I agree on the formula, but the variable on the axis was (1-benefits) as expressed in the problem, that is why I chose answer D (decreasing line) instead of B
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    Exam Feedback November 2015 Part 2 FRM Exam Feedback

    Hello For 1. Ops gross loss, I also chose replacement, but should the insurance coverage benefits be subtracted from the replacement cost itself? One doubt for the last question: I assumed net benefits of diversifications decrease as N increases, so I chose option D, where the curve was...
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    FRM Part I November 2013 results released

    hi everyone I passed level one but I would like just for curiosity to know how much was the pass rate Does anyone know whether this information has already been released? thank you
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    FRM Part I November 2013 results released

    I am terribly happy as well, and I would also thank BIONIC TURTLE for the guidance, and GARP, which anticipated the results release before end of year!!
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    FRM Part I November 2013 results released

    I am happy too:)
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    FRM Part I November 2013 results released

    I received the message as well! Good luck everyone
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