Yes it says enrollment. As GARP gives 5 years to show work experience after passing level 2. Which stands for May 2023 from. May 2018. So took it as positive sign. But yes we need to wait for official confirmation.
I think need to wait for next 12 hrs. After that we could see some action. And looks like change starts from level 1 candidates and then it will come to level 2.
I chose Upward slope as well for Vasicek model. Given current rate as 5% and theta as 8%. So ultimately long run rate is 8% which will produce upward slope. k is 0.02 which is the rate at which current interest rates will go towards theta.
For difference in IFRS and CECL, I chose ECL is lifetime...
Passed with 1221 with full time work and scheweser only. Daily 1.5 hrs of study for two months and 5 hrs on last three weekends does the wonders for me.
Anyone who is still not getting this message "You will need to pass level 2 by November 2021". This would help to identify if this message really have any meaning.
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