Recent content by dtammerz

In case anyone wants to know how long it takes to get the certificate, I received it today 4/4/22 after pretty much having forgotten about it (I was certified on 2/14/22).

I finally got mine today 2/14 as well (submitted the 20th too)!!

…I’m still waiting too! Sent my experience on 1/20/22

The question I got was slightly different to yours. It had different amounts, where there was no OC, and they mentioned that some of the loans had defaulted before interest was due. There were also two SOFR rates given, where I suppose one of them were there to confuse. Given the information...

Not sure if we had a similar question but I was unable to arrive at a number that was presented in the answer choices for the Equity/Mezz/senior cash flow question.

Ack you are right. I just found it in my notes in [CR-3] :(

Wow - amazed you recalled that bit. I don't think I would have pulled that out of my Part I memory bank even if I tried. Yes, the question mentioned that the PD was Bernoulli.

One other question that bugged me was a UL calculation question where the EAD, PD, LGD, Volatility of LGD inputs were given. The Volatility of the PD was not given but they expected you to calculate the UL. Anyone know what other ways the volatility of the PD can be derived?

for this question I rescaled the mean by 252, and the volatility by SQRT(252), and the answer was $1,330,xxx (I think it might have been "C")

I had a lognormal VaR quantitative question. I was able to get the answer after scaling the mean & the volatility from annual to daily.

As others have said, the Part II Exam was more qualitative than quantitative (I had about 15 minutes left at the end and I counted out 17 quantitative questions where I had to use my calculator). I would also say that the LOs were covered quite well - all topics are fair game, and I felt it was...

@sulemanms202 thank you and good luck to your exam too!!

@davidharper Thank you for your response; no rush

@David Harper CFA FRM would you have the same spreadsheet for the P2 exam? I was trying to recreate it for the second part but dont quite understand the grey box how to get the values in the grey boxes (specifically the row "Index") Thank you

Since there wasn’t a separate pass rate for January 2021 I guess they are combined with May 2021? Does anyone know?