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Hi, Mr. Harper, I would like to know whether the following 2 question (Valuation of CDS & Sklar's theorem) are still in the syllabus as I cannot find the formula in the notes. Thanks;)

Hi, Mr. Harper, its me again;), for the following question, the explanation that poor performers could reduce average correlation of returns. Does it mean the poor performers out of database have higher correlation of returns? But from my point of view, the poor performer seems have lower...

Hi, Mr. Harper, the following is a netting question from 2016 practice exam Q52, I understand the 33mn can be netted off, but for the swaptions, the position is positive market value, why is the remaining 21mn is losses to the bank?:)

Hi, Mr @David Harper , for the following question, although I get the correct answer, I still doubt on the calculation of excess spread = 0.65% becasue the base of inflow of outflow is different (i.e. 600mn vs 570mn) My calculation is: 600mn*(8.75%-0.60%) - 570mn*(7.5%) rather than 0.65%, do...

Hi, Mr. Harper, again its me, a student with lots of questions:p The following question is about risk planning but I think "A" should be the correct answer and "C" is about risk budgeting rather than risk planning, do you agree;)?

Hi, Mr. Harper, for the following question, I don't understand why mean & standard deviation is related to EE. Can you help me to have a look?Thank you~;)

Hi, Mr. Harper, again is me;). For the following question, why C is not answer? and for B, credit limit is enforced at trade level, what's that mean? on the other hand, what level is CVA working at?

Hi, Mr. Harper, again is me. :) The following question is about BS model: It ask "Which is an assumption of BSM model....." But I have checked the notes of book 1, none of them is an assumption of BSM model, am I right?:D

Hi, Mr. Harper, the following question is about OAS and I am confused with the OAS from the question provided. I know the company spot rate = Treasury spot rate + OAS, however, the question provides that the OAS is -30 below company spot rate and +50 above the Treasury spot rate, is there any...

Hi, Mr. Harper, for this question, I choose the correct answer A. But I still have a question on component VaR. By definition on the notes, "Component VaR for position i, denoted CVaRi, is the amount a portfolio VaR would change from deleting that position in a portfolio." In this...

Hi, David, I cannot find the answer D referred to book 4 of notes although i select the correct answer. Can you help me?^^

Hi, all , I see there is a question in 2014 which is about the pricing of CDS. The question asks that the pricing of CDS changed from bid price to bid-ask mid point price and how s the consequences. The answer is the CDS issuer is required to post more collateral related to CDS. Does...