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Passed part 2. Happy to get through after putting quite an effort for same and clearing L1 and L2 back to back in 2017. Worth celebrating :) Congrats to those who passed. Hard luck for those who didn't this time. Wish you guys luck for future. BT material is always challenging and incomparable...

Lil on Background : Just relied on Schweser and BT theory material (lack of time so could not practice much). And my observation is : - Questions are lengthy, with lot of unwanted information. Many time I relied on some keywords in between lengthy text (like “to hedge CR and MR both” –...

well..for the same ques.. if exposure us -10, don't we need +5 (min threshold)+2+2 (min transfer) = 9 to cover the exposure of -10 (assume for correct cpty direction). this is not an option though, so I thought since its a collateral transfer for wednesday so should be based on mtm of tuesday...