FRM Forum Discussions Forward rates on the exam Forward rates on the exam, mastery of compound frequency makes many other things much easier https://www.bionicturtle.com/forum/threads/forward-rates.9404 Basis: This seems to confuse every year. Hull’s point is that, because a hedge tends to make an assumption about the future basis (e.g., basis will converge to zero), it is... Read More

FRM Forum Discussions GARP 2016 Practice Exam Errors Several errors were identified in the originally published GARP 2016 Part 2 Practice Exam, see https://www.bionicturtle.com/forum/threads/2016-frm-part-ii-practice-exam-q-a.9350/. These have been corrected by GARP. I think errors are very instructive, regardless. For example, the practice exam includes the estimation of ES via VaR quantiles. Do you need to know calculus... Read More