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hi Ritu, thanks a lot and congrats to you too! I received an email after submitting my work experience and I received another email after it had been validated (title: Your requirement for FRM® certification is approved) I have read the same about certification delivery. This means ours will...

hi Connor, as I have been in my current position for almost 4 years and it perfectly fits the work experience required (I am a market risk manager), I only added that job position. Every role you create can have max 255 characters so I had to remain concise ;) your feedback contradicts the...

I submitted my work experience yesterday and it already got validated today - so now officially a certified FRM :) I studied for part 2 as I did for part 1: 1. splitting all chapters on 16 weeks. (working full time in parallel, I wanted to keep time for me in the evening - so mainly studying...

Same here, just got the results. 1,1,3,4,2,1. I can't believe it. Thanks a lot for the quality resources, the exchanges on the forum. It would definitely not have been possible without all this

I am wondering, as the questions are different for all candidates since we moved to CBT (and honestly, who can recall the details + 4 choices of questions after doing the exam :-) ), is there really a requirement from GARP to not share any feedback until the full session is done? 1 week after...

hi @Randy Moon, just a small note to say that maybe it is good if you make reference to what you are looking at - it will help people trying to help you ? (study notes - which chapter and page or which practice question). As well, I think you can already find a lot of explanations on UL in the...

it is just derived from the formula for RCi, maybe if you take a pen and paper and replace the i and j by the actual components for that exercise, you will find it immediately. RC1= ULC1 = (UL1 * rho11/ULp + UL2 * rho12 / ULp) * UL1 = UL1 * (UL1 + UL2 * rho12) / ULp same for RC2 = UL2 * (UL2 +...

hello David (@David Harper CFA FRM ) in T8-R58-P2-Borio-v3, bottom of page 4 + part up of page 5, I really have difficulty understanding the different steps starting point: Suppose for simplicity that the real interest rate in the foreign currency is sufficiently small to be negligible...

the mean spread = spread (41-39) / mid price (40)=2/40=5%

hello, in T8-R44-P2-Hull-RMFI-Ch24-v3.pdf, page 3, s notation is used for both the spread and the proportional bid-offer spread. as well, there might be some typo in the sentence highlighted in yellow. I guess what was meant was "the proportional bid-offer spread is simply this equation...

the readings for the current issue section can be downloaded directly from GARP's website. (https://www.garp.org/frm/readings/required) (please refer as well to that post: https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/page-6#post-84360) thanks

the part David is refering to ("Explain how the default probabilities and default correlations affect the credit risk in a securitization" (that one is testable)) is covered in the video that goes with chapter 9 in case it can help. thanks

Thanks for your answer David. I now understand the sentence in yellow. We cannot have a net exposure that is smaller than the threshold. So if the new MtM - collateral is below the threshold, we are over protected and we have to post back some collateral to maintain our exposure at the threshold...

hi David (@David Harper CFA FRM ), on T6-R13-P2-Gregory-v15, chapter 11 Future Value and Exposure, p58 1st sentence: if payments are made more frequently than received -> exposure is reduced 2nd sentence: if payments made are more frequent than payment received -> exposure is incrementally...

hi David, I am on that same example in the video review of Gregory, Chapter 7 Margin (collateral) and settlement. What I have troubles to understand is the sentence in yellow: I understand that out net exposure is the MtM - CSA = 848 920$ and it is currently below the threshold of 1 000...

hi David @David Harper CFA FRM and Nicole @Nicole Seaman , I am on T6-R12-P2-Malz-v3, Chapter 7: Spread Risk and Default Intensity Models - page 11 This is an example of Poisson and exponential. (could have been nice to find it as well in the excel spreadsheet available for those chapters)...

Thanks David (@David Harper CFA FRM ) crystal clear with this numerical example :)

hi @David Harper CFA FRM , I am currently reviewing T6-R9 and from your comment above, I understand formula 5.9 is wrong? If we consider a portfolio with 50% of asset i and 50% of asset j, the 2 formulas in the screenshot are not matching. or at least the notations UL_i and UL_j should refer...

in Tuckman chapter8, page 38 of pdf T5-R5-P2-Tuckman-(MR10-MR14)-v3 the power 3 should be outside of the brackets (1+r(3))^3

hi @David Harper CFA FRM and @Nicole Seaman, I am now back for FRM part 2 and started with T5-R1. I had troubles understanding as well the example and Dowd formula 3.27 (page 12 of T5-R1-P2-Dowd-v21) but found that thread that contains all explanation! (thanks, super clear) The video also...