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Hi, I qualified as an FRM this year with the help of BT :) I understood at the time that the CPD was optional. While I am always happy expanding my knowledge, I have now been getting emails from GARP that suggest that you have to renew GARP membership (which is costly) to submit CDP credits...

Work experience submitted :) can hardly believe that this is starting to wrap up. Thank you to Bionic Turtle and the forum members for the great help in tackling the FRM exams :)

Passed!!! :D Q11111

Here's hoping :)

No it should be at the first instance of 2nd January in the world, as far as I know. For part 1, it was available in South Africa when I woke up that morning, which is 12hrs earlier than the 2nd in EST

I can't remember exactly, but I think the choices were 0.01, 0.025, 0.03, 0.04 - I wouldn't worry about the specific answer, because I think they change the question and answer order depending on the book colour you get, to minimize cheating?

Sorry, I meant 0.03 :)

I studied this section from Bionic Turtle only and I don't think it was in there unfortunately :(

There was a question about IR=0.45, BR=225 what is the correlation? I wasn't sure as the word 'correlation' threw me off, but I just calculated IC=IR/SQRT(BR)=0.003. Any thoughts on this question?

Thanks, will take a look!

In the optional readings? :confused: wow, ok. My reasoning was IM=sqrt(rho*di*dj*mi*mj) so sqrt(2)?

I picked that one too - hopefully it's right!

Ahh! I totally missed that :/ thank you. I freaked myself out and didn't read properly

1. For the 75 bonds of 6mil, 4 defaults at 95% CVaR = 4*6mil-6*75*PD*LGD (can't remember the parameters) 2. Incremental VaR questions were IVaR = VaR with both portfolios - VaR of the single position 3. Basel 3 guidelines - this one I think was retail mortgages split by LTV. It wasn't the A-IRB...

I put the same :)

That's the weird thing though - I didn't include it and I still got the wrong answer :/ RAROC = (Interest from loans - costs of loans - EL + EC*r)/EC was what I used? I feel dumb... I wonder if I accidentally mistyped the numbers in my calculator?

Overall, I'm not sure how the exam went :( I felt I answered about 45 questions confidently, then the rest I could mostly eliminate to between 1 and 2 choices. The questions were exceptionally wordy and long-winded so it was hard to get through everything - the annoying thing is a lot of the...

Guys, I have to ask :eek: the question on RAROC. R14.5mil interest on the loan, R4.5mil costs for the loans, 1.5mil EL, 1.5mil UL, 30mil economic capital and 5% earned on the EC. The question said that the analyst correctly calculated the RAROC to be 15% - what was I missing on this question...

Hi Nicole, I think it does - just to clarify, does that then mean that the "average mark" that gets displayed next to the mark that we score is thus based on everyone's latest attempts? If so, that means I'm maybe doing ok :) nerves are getting to me on part 2, so I'm looking for any reassurance :p

Hi, I apologise if this has been asked elsewhere, but from my quick search on the forum, I didn't see results. How are the average marks for the interactive quizzes done? Are they based on a person's first attempt only, or any attempt thereafter? So, if someone was to submit 100% tests after...