I am currently looking at what activities I could take to complete the CPD program this year.
A couple of observations:
- Most of the interesting stuff is not free and requires you to pay thousands of USD (or hundreds for books) which is a bit annoying I think.
- There are free stuff worth a...
Maybe this is clear from vgodawat but here is how to see it:
A FRA buyer buys a contract with a strike rate set an contract inception (the FRA rate). Then at settlement, you compare the actual rate with the strike rate (which was set at initiation).
If the actual rate is > FRA, then...
Agreed S666, I think they will validate your work experience before the 31/03..
But how long would that take?... Hard to tell unless previously certified FRM's could give some insight?
*so happy I passed it :) *
All quartlies not available yet but could already see 1,1,1,2 :)
EDIT: yes thanks S666, this works: 1,1,1,2,1
Thanks to all of you for the positive contribution over the last few weeks.
Haha it's really hard for me to focus at the office while waiting for these results...
I remember last year they were released in the night, around 4am of the 4th to the 5th of January. (Brussels time)
It is my expectation to see roughly the same timing this time (around 12 hours to go then...)
Guys, do you know how were we supposed to give market price of 2y zc? (we had 1year rate and fwd up/dowm one year with no indication of risk premium expectation)..
I dumbly performed an expected dcf (which works only for risk neutral trees) because I did not know what else to do..
I would say quantitative questions were roughly in line with GARP practice exam although some were maybe a bjt more tricky (but my judgement might be biased by the exam stress)
However a striking difference to me is the difficulty of qualitative questions.. GARP practice is really too simple in...