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Hi David, when are you starting CFA training? srinivas

Passed Level II. Thanks David for your extended support on doubts clarifications. srinivas

Hi David, Please help me on the above doubt. Regards Srinivas

Hi David, Can you please develop some questions from the above concepts (shared by ugli-stix and .(JavaScript must be enabled to view this email address):) given in the FRM exam. Which will help us for the next sitting.I really don't know most of the concepts mentioned. Thanks and...

Hi David, Question From FRM 2010 November exam (values are not exactly correct.) If we were given values for various confidence levels starting from 95.50% to 99% and we have to calculate expected shortfall at 95% confidence level. How can we do this? Confidence Level VAR 95.50%...

Hi David, Thanks for the quick response. One more doubt- My understanding on Basket CDS is i am buying protection for the whole basket and in that will get paid if the 10th to default occurs.

Hi David, In a CDS basket there are 50 names and i entered in to 10th to Default swap. Up to 9 defaults i will not get receive anything from the protection seller. Up on 10th default will i get paid on whole 50 names or it is from 1 to 10 names or it only for the 10th name. Please...

Great explanation David. Good clarity on fundamental.

Thank you David for quick responce. Good explanation.

Question: A pool of high-yield bonds is placed in an SPV and three tranches (including the equity tranche) of bonds are issued collateralised by the bonds to create a Collateralised Bond Obligation (CBO). Which of the following is true? Choose one answer. a. At fair value, the value of...

Hi David, Please clarify the following question: Shell oil has borrowed USD 100 million from BP at a fixed rate of 9%. To hedge its exposure, BP enters into a Total Return Swap where by it will pay the interest on the loan in exchange for LIBOR plus 30 basis points. What is the net cash...

Hi David, Congratulations!! the new website is toooo good. Excellent colour combinations, All viedos you have kept them seperately. earlier it was not like that. it will be easy for us to locate the required videos immediately. Excellent site!!! Srinivas

Hi David, I have gone thru the excel sheet. In that we need to change the denominator as 200-A208. Then only it will take two values. please correct me if i am wrong. regards srinivas

Hi David, Level 2 In the video 5.D, Slide 19, (Dowd, Chapter 3) How did we get the expected shortfall as 6027? Beyond 99% VAR the observed vales are 2988, 3039 and the average of these is 3013.50. How did we arrive 6027? Can you provide any excel sheet (if possible…) for better...

Hi David, I have passed FRM Level 1 exam. Thanks for your excellent support. How do i register for Level 2 training? howmuch is the fees? Regards srinivas

Hi David, Please help me in solving this question. Question: Suppose that the CTD (cheapest to deliver) bond for a Treasury bond futures contract pays 10% semi annual coupons on January 1 and July 1. This CTD bond has a conversion factor of 1.1 and a quoted bond price of 100. Assume...

Thanks david. Thanks convexity. I found the above question from the FRM practice exams regards srinivas

Hi David, Please help me in solving this question. Q: The information in the table below is for a callable corporate bond traded in the secondary market. What will be the bond’s percentage price change if its yield declines by 0.50%...

Thanks David. Great explanation. Now, I am clear on the concept of greeks. Your edited excel sheet is very good, no confusions.... I am happy...Thanks once again for your time. Regards, srinivas

Hi Convexity, Thanks for your inputs. Regarding the time value:- It can be negative. The seller of the option will enjoy the benefit of negative time value at the same time buyer will lose. This is what my understanding. For the rest of the things I am waiting for David’s reply...