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Work experience submitted 28.06.16 9h33 Swiss time Certification received today 13.07.16 17h14 Swiss time 16 days

I hope not :)

I scored between 80 and 90 % at all mock and previous practice exams, however I have the feeling I failed this exam. Why ? I think I understood the content but I was not prepared at that kind of twisted minded questions. I used Schweser : well structured but far too easy Qbank questions. And BT...

The 4 options were Smm 0.5 Smm 0.75 Psa 90 Psa 115 Smm 0,75 : (1-(1-0.75)^12) = 8.64% > 115%*6

Their explanation is : "...the conditional one year default probability given that the firm survived the first year is the difference between the two year cumulative probability of default and the one year probability : 0.18127 - 0.09516 = 0.08611 " I have the same doubt as Kashif...

In the page 21 of reading 36, under GEV there is a mention of selecting the threshold. Shouldn't it apply only for POT ? Thanks Christian