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  1. J

    SN Schroeder chapter 5, pg 6

    I am not sure if this has been already discussed. = 1,000,000 ∗ √0.05 ∗ 0.03 + 0.10 ∗ 0.08 = US$ 97,467 Shouldn't .10 be .1o^2? The LR or LGD in the UL formula is squared. This would result in an UL of $47,958.
  2. J

    EFP

    Can somebody provide an example of when it is beneficial or why two parties would enter into an EFP transaction?
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