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Me too, I guess everyone is getting the same message

Even with the books in front of us we are not able to answer that question. Having said that, and as far as I can see from the notes Waterfall is a feature of the securitization process and not a credit enhancement, that's why I picked OC. Very very difficult exam, hopefully the cutoff score...

Hi David, Reading all of that, one simple question that is not 100% clear to me, CVA is performed for each trade of a counterpart (each trade of the counterpart will have different CVA) or for a counterpart itself (all trades with the counterpart will have the same CVA). Thank you in advance :)...

Hi David, thank you very much you have clarified that for me perfectly. Great explanation :)

Hi David, thank you very much for your detailed answer, but I still don't completely get the point :(. I'm going to try to explain better myself giving an example: Imagine a trader goes short $100m of Treasury bonds which have a DV01 of 0,025, meaning that when the spot treasury curve (not the...

Hi, It may seem a pretty basic question, but I have realized that many people have the same doubt. Why we use a regression hedge to estimate the proper hedging? Assuming that you discount both instruments with the same rate (eg: spot rates) the DV01 already accounts for the difference between...

26 days for the scores... I personally answered 40 questions that I know I'm right, 15 more that I'm 70% confidence of getting them right, 10 questions 50/50,20 educated guesses, and 15 totally random. How do u see that?

https://www.quora.com/How-many-questions-do-I-have-to-solve-to-pass-the-FRM-part-1-Exam

Does anyone have a guess of what would be the cutoff score? Haver read in other forums that around high fifties

30. Country risk estimate by Risk Officer on sourcing data from sovering gov agency or .. Yes - getting data from Sov Agency. I think the question was regarding the use of ratings or default spread, is that right? Thanks in advance

Hon Honestly I did exactly that and I didn’t get the answer right, I almost got crazy during the exam

I think that question asked for the VAR and u had to choose the 95th value

There was a question asking about what role played Duraton and convexity in case of increase in rates. A marked a decrease in price due to duration and an increase due to convexity... what did u answer? Thnks

I had exactly the same problem, I think that I performed all the calculations right but I still didn’t find any answer that matched my numbers... really weird