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Lol was waiting for the email. Logged in and the result was there. Passed.

It think thats correct. It was originally peak shaped but got flattened at the top due to collateral

Yes thats correct. Missed that part. Thats why i ended up with 3 defaults for cum prob slightly less than 95. I have missed out on some scoring questions in the exam. Theory parts were quite tricky. :(

Oh okay.. I think I have got some clarity now. So you started from the top and kept adding the probabilities till you reached close to 95%. And since you reached 5 there were probably more than 5 as max number of defaults. So 5k -2k = 3k is correct if you reached slightly less than 95% and may...

Were the number of defaults sequentially increasing with 2 and 3 defaults in the last 2 rows? I am not sure. May be if we add the prob associated with these 2 it comes out to be more than 5 % and if add just the last row it was less than 5%. Also, I got the explanation wrong in the previous...

Hi, There was a question asking 95% Credit Var of CDS with 2% PD and LGD 100% each I don't know if my mind is playing tricks. But if i remember correctly we were given a cumulative probability distribution table with associated number of defaults. I am not sure but I guess it was mentioned 3...