Recent content by DesNewman

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 :)