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@AKhar2613 Thanks for sharing!

Thanks for sharing the update! I will remember this incase students ask in the future.

@NColl6996 I don't believe it would be a big deal if you middle name is not on your GARP ticket. However, please reach out to GARP customer support GARP customer support.

@SBooy2917 You have your middle initial showing on the exam ticket?

@ATSEN4075 The “Expected Accrual Payment” values come from the assumption that defaults occur halfway through each year. Since CDS premiums are paid periodically, the buyer owes the seller only the portion of the year that has passed before a default. On average, this is assumed to be half a...

@DMira8572 The best advice is to just take a minute and review what position is taking risk off the table and what position is putting more risk on the table!

@DMira8572 If the coffee producer locks in a sale at $3.00 with a forward contract, they've guaranteed that price, so they no longer face price risk on the sale itself. However, if they believe the spot price might go to $5.00, they could enter a long futures position to capture the upside. In...

@yelan376 What positions would you consider higher-risk spots?

@DMira8572 Think about it this way, If the coffee producer sells forward at a predetermined price, like $3.00, they’ve already locked in the sale price, so no hedge is strictly needed to manage price risk, the forward contract itself eliminates uncertainty. However, if the producer wants to...

@DMira8572 Let me break this down: 1. "Forward short is an agreed contract to just lock the price" - Correct 2. "When you have a forward short position you do not have to hedge" - Correct if your goal is simply price uncertainty 3. "But as precautionary measure you have taken necessary step if...

@MNaye8582 I will make this a priority going forward.

@kc Thanks for the feedback. I will make this a priority going forward.

@IDosh1374 This should say "The distribution exhibits a positive (right) skew, consistent with the mean (0.080) exceeding the median (0.069). This implies that extreme losses, while rare, pull the average upward. However, to assess the strength of the skew, we’d ideally look at the skewness...

@Rajarshi_2024 Unfortunately, In most cases, GARP doesn’t include the full end-of-chapter solutions in their candidate books only the learning check questions. From my recollection GARP started publishing less solutions with the advent of their private label books in 2019.

@SCham7768 That is correct. GARP changed the release from the first week of June to June 26th. I haven't seen reasoning from GARP but my interpretation is that they need more time with all the global CBT windows before they can set the cutoff score for each exam.

@IDosh1374 It is hard for me to verify everything without an XLS. However, from what I can tell: You correctly computed each asset‐side cash flow (loan issuance, coupon payments, bond sale, etc.). You correctly computed each liability‐side cash flow (borrowing, interest expense, principal...

@IDosh1374 What reading is this in reference to?

@IDosh1374 Variation Margin is the daily (or intraday) cash payment required to cover changes in the market value of a position. Whenever a derivative or collateralized exposure moves against you, you’re asked to post variation margin so that your counterparty holds enough collateral to...

@IDosh1374 1. V = your total position to liquidate, λ lambda is the Lagrange multiplier that enforces your “sell it all” constraint in the optimization. 2. It’s your budget constraint: across your n trading days, the sum of the daily sell‐orders q1+q2+⋯+qn must equal the full position V...