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Hello there. I had applied for Work experience certification some time back. In My Programs> FRM on GARP's website, the status shows as 'Submission Received'. However, in the adjacent text box, I get the below statement as their comment. I'm not sure what kind of 'appropriate documentation'...

Here's the trick. Try advancing the time far ahead (for eg. 3rd Jan 10:00 a.m) then you'll probably see the quartiles

Even I can't see my Quartiles. It shows me Quartiles of P1

Hi @David Harper CFA FRM My question is similar to the one posted by the user "Kavita.bhangdia" as can be seen above this post. In terms of limits and formulas, what all are we supposed to memorize ? For instance is it really necessary to memorize the risk weights for different bonds as given...

Hi @David Harper CFA FRM Thank you so much for explaining this. This really helped me a lot, as I was quite perplexed with these concepts with regards to their notations and interpretations. I also apologize for being too pushy on this, however as the exam was near the clock, I was very...

@David Harper CFA FRM I genuinely apologize to bother you. But could you please help me out here.

Hi @David Harper CFA FRM , I am very sorry that I am disturbing you as of this crucial moment. However reading more about the formula of Alpha has confused me to greater lengths than it should have. Hence I wanted a conceptual clarity on the formula of Alpha. 1. Now as I understand it we...

@David Harper CFA FRM Could you help us out here ? These concepts are really tough to understand.

Got it. Appreciate your efforts :)

@David Harper CFA FRM I sincerely apologize for it. I was unaware about this feature. Will keep in mind to use this before posting the next time. However just to be fair, 2 of the posts were made 2 days ago and not as of this morning. However I will definitely keep in mind the next time I post...

Hi @David Harper CFA FRM , Firstly thanks a lot for replying to all of my previous questions. I have one more for you. :p While going through the calculation for Credit Support Amount, I have the following Query. In the Notes, the formula for Hypothetical Collateral Amount is stated as MAX(MTM-...

@Nicole Seaman. Thanks. This clarified the issue.

@David Harper CFA FRM Thank you David. That was quite helpful.

Hi I was trying to understand the difference between Joint Probability and Conditional Probability I came across this post of yours. https://forum.bionicturtle.com/threads/p2-t6-307-hazard-rate-malz-section-7-2.6932/#post-42375 AND What I do not understand is the difference between...

Hi David, While studying the aforesaid chapter on Credit Risk and Derivatives, I am struggling to understand the following line with regards to valuing a senior debt. For some reason I find this statement a bit counter-intuitive. If the firm's volatility increases, then wouldn't the firm's...

Now it's crystal clear. Thanks a lot David, your reply was really helpful and I appreciate it. Have a good day.

Hi David, Thanks a lot for your reply. That was extremely helpful. It seems I had a lucky guess with the reason for multiplying with the square root of t. ie. Variance is directly proportional to "n" and not standard deviation as confirmed by you. However if that's the case, shouldn't the...

Hi. I wanted to ask why Square Root of dt is multiplied to Standard Deviation in drift models. I was under impression the reason for it was the same principle guiding the calculation of Var for n days. ie. Variance is directly proportional to "n". Hence σ would be proportional to square root of...

Hi David, I am currently studying Tuckman, Art of TSM : Drift chapter in the Part 2 Syllabus. While taking a look at the spreadsheet you have prepared, I happened to come across the formula for dw in your random simulated process for MODEL 1. The formula for the same was...

Hi Nicole. I apologize for the repost, I was honestly unaware about the existence of this thread. Thank you for your reply stating the reason of not being able to post the Instructional Video, and I agree that the process of making the videos is quite a cumbersome task. So no worries on those...