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1. 

   Ben10 24 Sep 2012

   Hi David,

   I just had a quick question about the last question in the level 2 focus review.The question 23.9, derived from FRM handbook.I thought the TROR protects buyer from market risk and i dont understand why the buyer pays the seller the 2% change in the mtm value of the loan,shouldnt the buyer only pay when the reference assets appreciates?

   Thanks,

   Ben
2. 

   Turner737 08 May 2013

   Hi David,

   I had the exact same question as Ben mentioned above. 

   Can you advise?

   Thanks,

   Matt
3. 

   Turner737 08 May 2013

   Nevermind, looked through forum and found his was a mistake.

   Matt
4. 

   David Harper, CFA, FRM, CIPM 08 May 2013

   Hi Matt - Thanks for doing that, yes a mistake (I though i maybe inherited the mistake from a flawed question, but it’s possible I created it). but thanks for checking the forum! David

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