The Bionic Turtle FRM Forum The Bionic Turtle FRM forum was created to provide our website visitors with a place where they can quickly find information about the FRM concepts without having to search through pages of study materials or different websites. The forum has been a tremendous asset to Read More
Financial Risk Forum Discussions Estimating VaR Estimating VaR with normally distributed arithmetic returns (in contrast to normally distributed geometric returns) https://www.bionicturtle.com/forum/threads/estimating-var-with-normally-distributed-arithmetic-returns.9432/. I think it’s worth understanding Dowd on this concept. Pricing a theoretical Treasury bond futures contract Talking about the tedious exercise of pricing a theoretical Treasury bond futures contract http://trtl.bz/0330-tbond-futures It’s just cost of carryRead More
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 isRead 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 calculusRead More
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