Principal protected Notes in Option strategy & Interest rate Parity theoram

[ABFRM]

Hello David you talked about principal protected notes in summary but you didnt include that topic in Notes. . I saw GARP AIM it has included that in syllabus. Is that not imporatnt in exam point of view or you just missed it?

One More thing you also not covered the IRP theoram( Interest rate Parity) theoram in chapter 5. I understood that it will be covered in Foreign Currency risk but i think we should include Hull's interpretation of it in 5th chapter.
Thanks
Abhishek

 

[David Harper CFA FRM]

Hi Abhishek,

1. You are right, we did mention "Principal Protected Notes" in the summary, there is no AIM for it. Nevertheless, I agree it should be included in Hull Chapter 11 notes (I have tasked this addition)
2. Yes I agree with IRP also with respect to Chapter 5. In truth, I see that our AIMs somehow exclude it for Chapter 5, but it should be in there. Apologies. I have also tasked this for addition/revision to the Hull notes.

Thanks for your attention to detail, it is helpful,

 

[Jaskarn]

Hi @Nicole Seaman , hope you are doing well. I was going through GARP AIM and found out that the topic on "Principal Protected Notes" was previously introduced in syllabus and then removed and now is again included in 2020 syllabus. Can you please guide me to study notes that include this topic in particular. Thanks

 

[Nicole Seaman]

Hi @Nicole Seaman , hope you are doing well. I was going through GARP AIM and found out that the topic on "Principal Protected Notes" was previously introduced in syllabus and then removed and now is again included in 2020 syllabus. Can you please guide me to study notes that include this topic in particular. Thanks

View attachment 3032

Hello @Jaskarn

This set of notes has not been updated yet to reflect that learning objective. They will be uploaded shortly, as the new draft is being reviewed.

 

[Jaskarn]

Sure @Nicole Seaman . No problem. Thanks