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Under their FAQ, GARP says we have the option to change exam site in "My Programs". Here's the link: https://www.garp.org/#!/frm/frequently-asked-questions I don't see the option to change testing site either. There is the option to click on "Email Us" if you would like to suggest a new test...

I think we have til Oct 15 to change to a different exam site. Seeing both MTL and TO are likely to be continued hotspots, there is the possibility to switch to the Calgary location still. Alberta has restrictions for non-essential travels though so we could be stuck in quarantine and unable to...

Hi, I captured the following notes from the original text for the LO of "Describe the Effectiveness of the Vasicek Model"; hope this helps you too: Mean Reversion: - captures several economically intuitive term structure behaviour: 1) risk neutral --> drift k (theta - r) dt combines interest...

LTR-5 (R47.2), Rose, Chapter 11 page 31 out of 38 of the study note. In the example given, Liquidity requirement = 0.95 x (hot money - legal reserve) + 0.3 x (vulnerable funds - legal reserve) + 0.15 (stable funds - legal reserve) + growth of funds + demand for more loans the growth of funds...

R44, Hull, Chapter 24 page 14 out of 22 of the study note. " An example. As an example, consider the situation where a bank has the following balance sheet. It has $1 billion in cash, $3 billion in Treasury bonds, $1 billion in mortgages, $1 billion in small business loans, and $3 billion in...

The correct answer based on the original reading of the question should be +3: Pay off on depreciation = P0 - Pt = 300*0.02 = +6 Payment on coupon diff = (-6.5% / 2 + 4.5% / 2 ) x 300 = -3 Net = 3 Thanks, Evelyn

Hi there, for Choudhry, in 2020, the last LO "Explain the decline in demand in the new-issue securitized finance products market following the 2007 financial crisis" appear to be removed out of the curriculum. In the most up to date Study Note published on 06/12, that LO is still included. I...

Thank you so much Nicole. Out of all the sources, BT have consistently been the only provider that responds to customer questions in a timely and thoughtful manner. Can't express how much I appreciate this. Evelyn

Hi Nicole, Now that GARP has overhauled Part II in 2020, I cannot locate the study material for "Current Issues in Financial Market" again. I tried the link you had above but it takes me to GARP's landing page instead. I've purchased the books but that topic is missing again. Would you be able...

Thanks David. Really appreciate all the content you create. The video does a great job of explaining the material. Evelyn

Hi, Just wondering if there has been a set of study notes published for Choudhry since May 2016 or is it still outstanding? If there's no timeline it's okay...just wondering if there have ever been a copy that's being updated or if none ever existed. Thanks in advance, Evelyn

Hi, I tried to search the forum to see if this was previously discussed but couldn't find anything specific. Apologies if this is already discussed. The learning spreadsheet for Dowd Ch3 and Ch4 does not seem to contain any of the examples used in the Study Notes/Learning Video. For instance...

Hi, I can take a guess to help you with this question: Callable bonds would be traded at a discount compared to a plain vanilla bond because the embedded call option gives the bond issuer the option of calling the bond back at a fixed strike price. Callable bonds would theoretically have...

Thank you Nicole. This is a pleasant surprise. I appreciate all the work that goes into maintaining the forums and answering all our questions. It'd be lovely to get the $15 Amazon gift card. Cheers, Evelyn

Indeed. Thank you David. If you code it, it would be interesting to see a snippet of the result.

Thanks David. This helps me IRL as this question was posed to me by a superior. i.e., can you look into reporting the "worst case scenario" instead of VaR based risk metric. I am very relieved that you confirmed my (rudimentary) understanding of this concept!

Thanks Nicole for directing me to this post. The spreadsheet contained in this thread is very helpful.

Hi David, I'm having concrete grasp of the WCS concept. I find your learning spreadsheet to be always helpful to get in depth understanding. I tried to look for how WCS is generated online but unfortunately have not had any luck. If you have done a WCS spreadsheet example before, I would really...

Yes I have the same experience. Same question as to ETA for restore. Thanks, Evelyn

Hi, I found some youtube videos on ULCi and spreadsheet on 2 asset ULC calculation. So please ignore the latter part of my comment. Thanks, Evelyn