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got the email 4;15 EST (submitted June 28 10am EST). Finally certified!!! Good luck and congrats to all. Big thanks to BT.

congrats!!! hoping to get mine soooon...

submitted 10am EST June 28, so far nothing yet

do you mind sharing your time of submission. I'm in US east coast.

if following the quantile rather than pass/fail then pass/fail being messed up would become a live case of operational risk case in next year's current issue curriculum

quantiles are flipped. Mine pass was 44413 but it should actually be 11142

Eu euqities exceeded 18m budget and 16.6 matches the US Var figure

spread is already approximated by spread=PD*LGD

I think mine was 4k too. 50*200-60*100=4k

yes, it's the size of loss, frequency of loss will use binomial, neg binomial or poisson distriution. op risk i chose legal costs.

I was going over the practice questions and got stuck with the equation 6.3/6.4, could you please help me with that? How was LR derived?

In the example of Mapping a two-bond portfolio, the spreadsheet used (1-(1+YTM)^-Maturity)*1/YTM, I might've seen this formula in p1 but cannot remember, is this an alternative of calculating mod duration?

Can someone help me under stand this solution in a understandable way rather than memorizing it?

Are you differentiating the underling position by "expressing view"? I am just trying to find another way to help myself understand better. This part has always been hard for me. If seller sells in future at predetermined price, he is betting against price increase which is a short view whereas...

Hi This is a bit of fundamental but this part has always got me confused. Please correct me if I am not thinking in the right direction: Consider a coffee producer who plans to sell 100 pounds of coffee on a future date under two different scenarios: To a key customer, the coffee producer...

In the study notes of Hull chapter 4 p10, the chart is a long call not a long put as stated in the questions?

In the section of forecasting volatility, a few questions were asking updated correlations by first update volatility of A,B and cov of A,B, then get the updated and cov and correlation. Under GARCH(1,1), is there a reason why some questions are using different w for correlations and volatility...

Under P1T2, there were supposed to be two formulas calculating volatility which in the pdf refers to equation 10.2 and 10.4 but I didn't find it in the notes nor the practice questions. Could you please point me to the right direction? Thank you

Additionally, under Hull's chapter, why would more weights be assigned to recent observations than older? Weight is declining as more recent observations are being added though, changing λ from 0.95 to 0.85 shouldn't allocate more weights, should be less right? Please guide me as I probably...