Certified.
Submitted on 4th Jan 2018 1:03am EST
Certified on 15th Feb 2018 10:58am EST
Thank you David Harper, Nicole Seaman and forum members for the support.
Congratulations to all who have been certified. Really happy for you.
Will probabably take a bit longer for me as I submitted at about 1am Eastern Standard Time on the 4th of Jan.
Thank you David and to fellow candidates who have shared their experiences. I submitted work experience on the 4th of Jan and am still waiting. I am not sure about the estimated turnaround time but I thought it has been more than a month without hearing anything and it does feel a little bit...
Reading: Giacomo De Laurentis, Renato Maino and Luca Molteni - Developing, Validating and Using Internal Ratings.
Page Number: 9
Line Numbers: 12
Beta(i) which is the "ith" loan beta is given as: Beta(i) = [ULC(i)/W(i)]/UL(portfolio)].
where ULC(i) = rho(i,portfolio)*W(i)*UL(portfolio)...
Really need to know the concepts in and out well. I panicked at the Binomial Tree because in my preparation I thought how hard can those questions be? I even memorized all the formulae related to that topic only to realize that the USD/CAD question is not as straightforward as a European call...
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