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Hi Suzanne, I also got the confirmation email yesterday from GARP: "FRM Certified". Thank you very much!!!!! trabala38

Hi Adisson, Well, that's disappointing to wait for such a long time, especially since the exam was taken in mid-Nov-12. David, since the official "waiting time" communicated by GARP is 4 weeks, do you think it is possible to do something about it? Thanks, trabala38

Same here, I've submitted my work experience 4 weeks ago and I haven't got their feedback yet... trabala38

Hi pojo! Congratulations! So, for you it took 4 weeks to get the "certified". I have submitted mine 2.5 weeks ago, 1.5 weeks to go if GARP respect the 4 weeks limit! Keeping my fingers crossed! Cheers, trabala38

Hi everyone, I just wanted to know if people having cleared Level 2 in Nov-12 and having submitted their CV/resume since January, have already got their official "FRM certified" title? As explained in the message above, I have sent my experience to GARP 2 weeks ago, but I haven't got...

Hi Alkour, This sentence is right. As it is used by GARP on your Member Profile page, you can use "FRM Holder" until you get the official "Certified FRM title". When did you submit your CV/resume? I did upload mine 1 week ago (Sunday 13 January 2013) and I haven't received yet the email...

Hi everyone, I passed November 2012 Part II, scored 11111. (November 2011 part I was also 1111). Definitely, the material provided by BT helped a lot to achieve that result I have to say. I recommend BT to everyone taking the FRM exam. David: what is the status of your project to provide...

Hi mathu, This is strange. Especially, since when trying to register on GARP website for May 2013 give the following message: " Thank you for trying to register for the FRM / ERP Exam. Because you registered for the same Exam and the 2012 Exam results have not yet been released, we cannot...

nabil1234 I don't think you should interpret this... As for the timing, I just hope it they will not wait until the end of day New York Time before publising them...

Hi everyone, I sat for Part II in November 2012. I think I got the same messages as you when I try to register again: 1/ If a log in and then try to register => message saying the results are not published yet; 2/ If a try to register again for Part II and then login => next registration...

Hi everyone, sleepybird @[email protected] I also chose ES, despite I wasn't sure you can say it is an "easy to interpret". The thing that decided me was the fact that since VaR is easy to understand, because the VaR is just a "point" on a distribution, the ES is the average of the...

Hi David, I was reading your Study Notes for Market Risk, and while reviewing the Key Rate chapter, I found something that bugged me. You wrote, on p. 34. "The 2-year shift, for example, increased (“shocked up”) by 1 basis point (0.01%) the discount rate for all of the coupons up to year 10...

Hi David, Well, in addition to your post, since I was still troubled by the absence of risk-free in the formula stated on p. 64 of BT notes (referring in fact to Stulz Chapt. 18). In fact, there is a risk-free interest rate, but it is embedded in the discounted face value fo debt (cf p. 64...

Thanks David, it is exactly what I was looking for! Cheers, trabala38

Hi everyone, hi David, I am reviewing the Merton Model and the Distance-to-Default concept. However, I am a little lost when it comes to formula. Especially, when reviewing BT T6 Notes, it is written on p.64: S(V,F,T,t) = V * N(d) - Pt (T) * F * N(d- sigma*sqrt(T-t)). where...

Hi David, Here are my answers: 1. Yes: higher prepayment speeds means mortgagors are able to refinance quicker, before a default occur. We can deduce that borrower default rate decreases as a consequence. Also, by prepaying their debt, the obvious consequence is that debt is retired, and...

Hi everyone, I wanted to have your insights on how to compute the current credit risk on an option. Let's say we have are long the (plain vanilla) call on a stock. Strike Price=90, current stock price=60. Price of the call/premium=5. Time to Maturity=1 year. Imagine that the counterparty...

Hi David, According to me both of them have a problem or imprecision. 1. "Effective" is not applicable for the yield. "Effective" is usually associated with effective duration: "effective" is used when you reprice (2 times) a bond after shocking the interest rate and compute the price...

Hi David, Thank you for your answer. As you can see, I am not yet very active on the forum... I am currently busy printing all the study notes, PQs and slides, because I like the "desk, paper and pencil" approach when it comes to studying. As for your former question on point 2: I think...

Hi David, I did postpone the May P2 exam to November due to tight work schedule and thus I will take P2 in November. I haven't been following BT for a while and I got 2 questions: 1) Did you publish any Structured Email (I haven't received one in my mailbox) for P2? 2) Do you plan to publish...