frmpart2dan
Member
I mean passing score
Exam Feedback November 2016 Part 2 Exam Feedback
- Thread starter Nicole Seaman
- Start date
On russian torrent I've read comments of two FRM candidates
- one girl said PART 1 - 1111 and PART 2 - 21112 both passed
- man said PART 1 - 2243 not passed
(i don't know their score)
equanimity
New Member
From what I recall, the problem was something as follows:
Cash Flow in Year 1: 1,000,000 with a probability of default of 35%, a recovery rate of 70% and a discount factor of .90
Cash Flow in Year 2: 750,000 with a probability of default of 40%, a recovery rate of 80% and a discount factor of .85
I solved this as follows:
1,000,000 * 0.35 * (1 - 0.70) * 0.90 = 94,500
750,000 * 0.40 * (1 - 0.80) * 0.85 = 51,000
CVA = 94,500 + 51,000 = 144,500
Is this the correct approach?
Yes.
However, Probability of default is constant.
I don't remember what I chose
I think correct answer is a or b
equanimity
New Member
What do you mean that "Probability of default is constant."? Don't we have to use different probability of default values (e.g. 35% and 40%) in the calculations above? Or, were you referring to the probability of default values that were given on the exam?
I remember 1Year Probability of default is stated.
but 2Year Probability of default is not stated.
I tried to remember question but my memory was blurred.
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Diep Anh Ngo
New Member
Hazard rate is constant
We have to derive PD1 and PD2 from hazard rate by cummulative PD and marginal PD
frmpart2dan
Member
when was last year result day? Anyone know?
I got my Part 1 results on the 5th Jan last year...this year supposed to be out before 3rd Jan I believe.
emilioalzamora1
Well-Known Member
YES YES INDEED! It's game over, man! I did it and this without reading half of the operational risk readings and without reading 'current issues' at all.
Anyway, David you are the 'man tonight' - this is for sure! I am comparing the win of the US open by Stan Wawrinka over Djokovic last year when he was interviewed by Tom Rinaldi from ESPN.
Anyway, David you are the 'man tonight' - this is for sure! I am comparing the win of the US open by Stan Wawrinka over Djokovic last year when he was interviewed by Tom Rinaldi from ESPN.
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I passed too...although can't see my quartiles yet...
equanimity
New Member
I passed. Congratulations to all who passed. Is anyone able to see the quartile data or the "Exam Results Letter"? (I can't see mine yet)
emilioalzamora1
Well-Known Member
Details will come visible soon I guess on the webpage. Congrats to all who managed it!
Siqueue
Member
Passed.
Phew.
Phew.
adambschrier
New Member
like the election, its not official until the electoral college votes - I am waiting for my letter and quartiles before calling it.
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