Search results

thanks Shakti and David. I get it now.

David - the above answer has been quite informative to me as well. So thank you for that. If you don't mind, I can certainly use a quick clarification though. Could you clarify the basis of the sentence ...But if correlation increases to 1.0, p[0 defaults] jumps up to 99%. Thanks

Thanks David. I do see your perspective. (Notwithstanding, I do feel that this question was a pretty tricky one) Anyway, I really appreciate you taking the time to respond so promptly. You sure seem to be some kind of a super human, to keep a tab at so many forums and reply to each one of them...

Hi David, I am quite new to BT but find it quite informative already. I have a question on Credit Risk (apologies if I posting this at the wrong place... as I have yet to figure out the various forums and topics open). pg 183 of P2.T6 2013 Credit Risk notes has this PQ 39.7.4. The credit...