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Hi @David Harper CFA FRM, Do you have any insight on the below: WWR: If you are short a banks stock, and the bank value falls, so the value of your short trade goes up..Is this WWR? Say you long a call from an airline on oil, if oil goes up the value of the call goes up, and the airline which...

Hi @David Harper CFA FRM, Thanks for answering the prev. question! I know you may be quite busy now, but I have some last few questions where I hope that you could please :confused: find some time to look at them, all VaR related: #Say, an index halted trading for 5 weeks, during that 5...

Hi @David Harper CFA FRM I am trying to understand the credit exposure profiles in Ch13. For an IRS (Pay Fix, Recieve Float): The scenario in the notes where i_fix>i_flt initially, then reverses afterward, as the yield curve slopes upwards. Why initially when I am paying net on the swap the...

Hi @David Harper CFA FRM, What is the concept of "funding cost" being mentioned in the chapter? What is the difference between a funded derivative vs. an un-funded one? And what is the funding/liquidity risk related to? I understand it as the ability to obtain a loan and the i-rate one has to...

Hi David, With regard to gold futures, why do they have an increasing futures curve (contango)? When we have a positive lease rate, because would the +delta not decrease the forward price... So*exp((r-delta)T)? I am struggling to understand why the curve is upward sloping (I am a bit confused...