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3,2,1,3,3 - Passed on second try, first try was 3,4,2,3,2 (which seems close to a passing score on this test ha)

We had a very similar issue with noise, they changed the venue for the Charlotte, NC exam from the University to a hotel. The hotel had a Wedding going on next door at the same time. The first hour of the exam wasn't bad, but then the noise started to pick up and kids were screaming and crying...

I think it was basically asking whether Sharpe ratio and volatility would be higher or lower with if they smoothed the returns on illiquid assets.

There was a real life probability v. risk neutral probability, I'm not sure what I put for the answer. Anyone remember? I think it was related to the difference between the two.

For Repo GC v. Special, I put A, which was Special is less than GC, and the price increased headed to auction, and decreased after.

Anyone remember the one on the right hedge fund strategy? There was global macro, long short, and risk arbitrage . I put risk arbitrage b/c others looked wrong, Global macro said it was passive and long short said it didn't include options.

Failed with a 3,4,2,3,2 ..... very close .... brush up on Credit Risk and I'll be there.

I used that formula too, but someone else posted you need to adjust the PD for the second year? I just used what they gave me in the table.

I'm not sure what the answer was but I just did DV01 times the position / dv01 of the hedge... but that seemed to easy, but my answer was there.

I keep flip flopping to, but if they don't quantify the size of the default (pretty sure it was going to just be a big more right?), then we wouldn't know that it was completely wiped out, if it was completely defaulted then the pool insurance would kick in? But if there is still some good...

What did people put for the question about when an Outsourcing Vendor, uses a Third party to outsource? I'm pretty sure I put you needed to make sure the third party would be held accountable?

I had OC as well -- if the payments completely default besides the Overcollateralization, I would think the senior tranche would be paid first out of the OC cushion. Overcollateralization is achieved when the value of assets in the pool is greater than the amount of the asset-backed security...

Good deal - a lot easier than the Mock Exams (for once one of the questions was actually easier!)

I thought this was too easy? I just multipled 1-rr x pd x discount factor x EE for each year then added the two years together. They gave us all the info right?

Was that option B? I put B

can you please add me ? 508-523-9805