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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 +...

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, 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...

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...

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...

I have seen someone passing with a 50% score. I read somewhere that there might be a rule that sum of your quartiles must not be higher than 7 (not sure it is true) but in the case where you fall in 2nd quartile for the 4 topics, then sum = 8. edit: does not seem so true based on some feedbacks...

hi all, Does someone know if there will also be a July part II session in the future? July part I has been introduced when part I switched to computer based apparently. so I am wondering what will be the schedule for 2022. I am definitely not taking part II December 2021, I need more time for my...

@Neptune @lushukai not too sure how the early bird timelines apply. Just got part 1 result and have the option to register to part 2, december session with early registration fee (even if FAQ says 31st July as early registration end date)

hi all, results are now out for July. I passed with 65%, quartiles 2-1-1-1. nice start of the week :) thanks a lot to BT and the community for such helpful exchanges

Hi, Please find my detailed feedback on the list of topics I got. I noted down the topics I could remember right after my exam on 13th July. (and it was a good idea as I cannot recall so much now :) ) Financial disasters: 3 questions on Enron, Swift and Northern Rock GFC: 2 questions Jarque...

I was considering the FAQ section from GARP where you see a split for May/July and November: but at the same time, people taking the exam in May got their results mid July and people taking the exam in July will get the results mid September... but, I am not too sure if it makes somehow a...