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  1. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Just got cert-ti-fied! 10:30pm EST on jan 2nd for me (translates to 3:30am GMT). No - I did although I thought it meant "is it okay to contact your manager?" rather than "we will send your supervisor a note of your certification". But either way works for me. :)
  2. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Same here S666 - I submitted mine 20-30m after frmfrm first posted his results on this forum - let's see who wins!
  3. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Last exam took 1-3 weeks to clear your work experience using FIFO. Check the end of may's thread - this information's in there.
  4. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Com'on people - work experience is specific to the individual, there is no generic template.
  5. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    They might. It's probably random or discretionary based on your work experience. I wouldn't worry about it unless you're trying to trick them.
  6. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Your manager. For checking your work experience.
  7. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    My exam results are now available on the garp.org webpage: 1, 1, 1, 2, 1
  8. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Passed and just submitted work experience. :)
  9. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    The crux of that question wasn't the plug n' play correlation swap value, but answering what would happen re the receiver if the actual correlations were higher than the expected correlations resulting in 0.4m pnl, so the answer was receive greater than 0.4m.
  10. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Not sure how accurate and informative this is, but I'll play along - and guess that I scored a little lower than the lower-end of my practice exam range which is 55% or 44 questions right. I recall my range around 60-85% and could post detailed results of those exams when I get home.
  11. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    According to GARP (see attached Q+A from their practice exam): "An estimate of the expected shortfall (ES) can be obtained by taking the average of the VaRs for the various confidence levels that are greater than [the confidence level]." In risk management, there are different ways to calculate...
  12. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Yes - one of the quick n' easy ones! :)
  13. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Emilio: COCO's are fair game especially w/ the uptick of their usage, but I also thought it was harsh to ask so many questions about them w/ little-to-no mention of them in practice exams or third-party questions. Re the possibility of cheating/leaking questions, I have no proof and didn't mean...
  14. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    ... also re gimme questions that unfortunately weren't asked - QQ plot, neyman-pearson / minimum risk and error / minimax, ordinal rankings such as spearman/tau - the lack of gimmes + long AND irrelevant item sets made this exam that much harder! Also don't think there were any plug n' play...
  15. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    I'm a little concerned about this - hopefully GARP does some kind of statistical analysis of the likelihood that questions or topics may have been leaked beforehand. I can understand there being one COCO question... but a full item-set and another question's answer about it - that's 5% of the...
  16. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    I remember thinking mvar was the "right wrong" answer and put down ivar.
  17. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    I forget the details re opportunity cost but one thing is certain - these questions were hellish because even after reflection we're having a tough time answering them.
  18. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    Seems unlikely that basel would want opportunity cost to be taken into account, especially when insurance is not. Opportunity cost is highly subjective and easily manipulated.
  19. M

    Exam Feedback November 2016 Part 2 Exam Feedback

    I put zero for this one. Forgot the details but remember that despite crossing the threshold to post margin, the delta didn't exceed the minimum marginal transfer.
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