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Also.. Because of COVID people have lost more than a year in their window to appear for FRM2 which are actually 3 chances to appear for the exam. Can we get an extension on this window ? Also what happens if the exam doesn't happen this year? I am sure there are many people like me who has 2021...

Hi ALL, Is there any specific format or expected content by GARP when you submit the experience letter? Does it have to specify that you worked in field of Risk Management specifically. If anyone can share their letter (blurring their personal details) it will be of great help. Thanks, SAN

Passed 2,3,1,3 Thanks a lot David and BT team. @David Harper CFA FRM ..... Please start providing CFA PREP MATERIAL AND Guidance.

Yaa... Thanks a lot. Yes....Exam tomorrow...:oops:...:D

Ok... Thanks Nicole.

Hi David, Generally when we use different compounding frequencies what day counting convention is used there? ( I.e. when we just say talk about compounding and not day count conventions)..... And in T- bills , Eurodollar etc... Where different day count convention are used... We say for...

Ok... Thanks a lot.

Hi David, On the same lines... For the purpose of exam if not mentioned What do we assume 1) one tail or two tail in case of confidence interval 2) annual or semiannual compounding?

Ok. Thanks a lot David.

My package doesn't have access to spreadsheets ... So can't see that. But... I kinda get what you are saying. Also... On the exam if we have to find 95% VaR for let's say 100 observations... Do we take 5th worse or 6th worse value??

Hi David, This is screen shot from notes on VaR. Can you please explain how do we get answer 1.3% in " Historical Simulation VaR" methodology?? Thanks.

Thanks a lot David for such good explanation.

Hi David, Can you explain these two terminologies w.r.t to commodities futures. I am getting really confused when to add what to risk free rate. Also is lease rate always positive .i.e. is it always added to the risk free rate? Thanks.

Yes...that was the question exactly. Thanks a lot David for quick response. You are simply awesome.

Yes...thanks a lot David. For Hypothesis...it is clear now. And if you are just building confidence interval then two tail if not specified. One question in 2015 GARP practise test didn't specify....that's why wanted to confirm.

Hi David, If not specified in question are we suppose to consider 1 tail or 2 tail? Pls advise? Thanks

Ok... Then my calculation was right... Thanks David!!!

Made it quite clear David !!! Thanks a lot:)

In the solution while calculating swap price in terms of FRA why are the time periods takes as 0.25 and 0.75?? Unlike in bond calculation time are 0.333 and 0.833... Which seems more logical to me.

Q. "Companies A and B have been offered the following rates per annum on a $20 million five-year loan: Fixed Rate Company A Floating Rate 5.0% Company B LIBOR+0.1% 6.4% LIBOR+0.6% Company A requires a floating-rate loan; company B requires a fixed-rate loan. Design a...