2010 Financial Risk Manager (FRM)
World's best risk education. Period.
- Video tutorials
- Study notes
- Quality practice questions
- Actionable learning spreadsheets, and
- Forum Support
Your Instructor
David Harper, CFA, FRM, CIPM
- Track record helping candidates pass
- Deep experience in all risk disciplines
- Pioneer in web-based instruction
- Built all spreadsheets (detail oriented)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Performance Measurement (CIPM)
Video Tutorials
The best videos in the business!
We were an early pioneer in web instruction. Each year, we improve our unique brand of visual communication to bring you better, more efficient learning.
Practice Questions
Hand-crafted for boot camp
Anybody can copy you a dumpster of stale, lame questions.
But the quality of your practice determines your result. We pride ourselves on writing the best questions ... to get you in fighting shape for the exam.
Learning Spreadsheets
Because doing is learning
- Inventory of Learning Spreadsheets
- Almost all of exam’s difficult concepts
- Candidates often use in their work
- MS Excel or online EditGrid
We get the best results
Because to us, it's customer (candidate) service
We earn the highest marks for customer satisfaction. But don’t take our word for it: Our forum contains 100% unsolicited, unfiltered feedback.
We don’t have any competitors who are this transparent. Why is that?
Latest Blog
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Borrowing foreign currency [practice, products] 12 Mar 2010
29. One of the traders whose risk you monitor put on a carry trade where he borrows in yen and invests in some emerging market … read more
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Econometric model [quantitative] 12 Mar 2010
AIM: Describe the process of specifying, interpreting, and validity testing an econometric model. Specification of Econometric Model First, we specify a mathematical model (the two-variable or … read more
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Empirical analysis [quantitative] 12 Mar 2010
AIM: Distinguish between the different types of data used for empirical analysis. Three types of data for empirical analysis: Time series - returns over time for … read more
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OpRisk VaR L1 [practice, valuation] 11 Mar 2010
29. Your supervisor is an expert in market and credit risk. He recruits you to manage the operational risk department. He would like to use … read more
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Methodology of econometrics [quantitative] 11 Mar 2010
AIM: Describe the methodology of econometrics. Create a statement of theory or hypothesis Collect data: time-series, cross-sectional, or pooled (combination of time-series and cross-sectional) Specify the … read more
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Potential consequences of violating the GARP Code of Conduct [foundation] 11 Mar 2010
AIM: Describe the potential consequences of violating the GARP Code of Conduct. Violation(s) of this Code by may result in, among other things, the temporary suspension … read more
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PD implied yield [practice, credit] 10 Mar 2010
Please note the source referenced in the sample exam is incorrect so this may not really apply to L1 FRM but rather L2 FRM - David … read more
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Banker’s Trust [foundation] 10 Mar 2010
AIM: Describe the key factors that led to and the lessons learned from Banker’s Trust About To reducing their funding expenses, Proctor & Gamble (P&G) and … read more
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Responsibility of each GARP member [foundation] 10 Mar 2010
AIM: Describe the responsibility of each GARP member with respect to professional integrity, ethical conduct, conflicts of interest, confidentiality of information and adherence to generally accepted … read more
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Convexity L1 [practice, products] 09 Mar 2010
26. Bonds issued by the XYZ Corp. are currently callable at par value and trade close to par. The bonds mature in 8 years and … read more
Latest Training Video
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2010 6.e Credit (sample) 13 Mar 2010
Stulz, Risk Management & Derivatives: Stulz: Credit Risks and Credit Derivatives (Chapter 18). Ong, Internal Credit Risk Models: Portfolio Effects: Risk Contributions and Unexpected Losses (Chapter … read more
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2010 6.d Credit (sample) 13 Mar 2010
Hull, Options, Futures, and Other Derivatives (7th Ed): Credit Risk (Chapter 22); Credit Derivatives (Ch 23). Linda Allen et al: Extending the VaR Approach to Non‐tradable … read more
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2010 6.b Credit (sample) 13 Mar 2010
Innovations in Credit Risk Transfer: Implications for Financial Stability by Darrell Duffie. Christopher Culp, Structured Finance and Insurance: Credit Derivatives and Credit‐Linked Notes (Chapter 12); The … read more
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2010 6.c Credit (sample) 13 Mar 2010
de Servigny and Renault, Measuring and Managing Credit Risk. Default Risk: Quantitative Methodologies (Chapter 3); Loss Given Default (Ch 4) read more
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2010 6.a Credit (sample) 13 Mar 2010
Understanding the Securitization of Subprime Mortgage Credit by Ashcraft and Schuermann. Measuring and Marking Counterparty Risk by Canabarro and Duffie. read more
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2010 3.f Market & Products (sample) 12 Mar 2010
Saunders Foreign Exchange Risk (Chapter 14) and Sovereign Risk Exposure (Appendix 15A). Fabozzi Fixed Income: Corporate Bonds (Chapter 13) read more
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2010 3.e Market & Products (sample) 12 Mar 2010
John Hull's Options, Futures & Other Derivatives. Trading Strategies Involving Options (Chapter 10). MacDonald, Commodity Derivatives (Ch. 6); Geman, Commodities and Commodity Derivatives (Ch. 1) … read more
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2010 3.d Market & Products (sample) 12 Mar 2010
John Hull's Options, Futures & Other Derivatives. Swaps (Chapter 7). Properties of Stock options (Chapter 9) read more
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2010 3.c Market & Products (sample) 12 Mar 2010
John Hull's Options, Futures & Other Derivatives. Determination of Forward and Futures Prices (Chapter 5). Interest Rate Futures (Chapter 6) read more
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2010 3.b Market & Products (sample) 12 Mar 2010
John Hull's Options, Futures & Other Derivatives. Hedging strategies using futures (Chapter 3). Interest rates (Chapter 4) read more
Forum Q&A
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basis risk 13 Mar 2010
2nd 2010 Live Webinar Review (Level 2): Saturday April 3rd at 9 AM US 13 Mar 2010
Part 2 free readings from GARP 11 Mar 2010
Can't follow the math in FRM Handbook!! Am I doomed? 11 Mar 2010
Business Risk VaR 11 Mar 2010
Testimonials
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I just found out I passed the Full FRM! Thanks SO MUCH for your help David! I found the diagrams you created in your videos and study notes to be extremely … Matt
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Hi Suzanne: Thank you again for the quick response. I must say this certainly gives a whole new meaning to the 'service' in 'customer service'. Although it is still early in … CS
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Whoever said that the Internet has made life easy was a sadist. The results were declared late Wednesday evening. I received it in my mailbox Thursday morning. The 12 hours of … Viv
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The BT FRM Exam Prep Program is the most effective (and by far the most affordable) way to increase your odds for exam success. A total exam assistant with multiple modes of rich media learning.
Please see this page for more details.
- Are orders in hand included in the calculation of the exposure? 12 Mar 2010
- It is useful to try everything in practice anyway and I like that here it's always possible to find something new. :) 10 Mar 2010
- David , great stuff , thanks for helping me pass FRM Full exam Nov 2009 , your website is so compelling that even now I keenly … 08 Mar 2010
- David is going to conduct our 2nd 2010 FRM review webinar on Saturday April 3rd at 9 AM U.S. EST. What time is that for you? …13 Mar 2010
- In preparation for the review sessions (which will try to concentrate high “bang for buck” ideas), I thought I would collect here the running list of …13 Mar 2010
- Hi David, A portfolio manager invests $100 million in a 5-year inverse floater paying 18%-2*LIBOR. The modified duration of a 6% 5-year bond is 4.5 year. …13 Mar 2010