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New FRM holder, thanks to Bionic Turtle and all of you making it a pleasure to learn and not a just to do. A special thanks to David for his all his efforts to be there for all of us. After PRM and now FRM holder, what else ? CFA ? Surely will get back here if decided after a good deserved break...

you are welcome !

But if it is given 2 for the multiplication, we'll just have to use it, I guess ! ;)

Hi Glen, I thinks this is just for scaling the VaR measure to the appropriate 99% confidence. If I am not wrong the charge from Basel is for market risk 99% confidence level and 10 day-horizon or 2 calendar week. Well for the multiplication factor I am also confused, it is said a minimum value...