Nov 2015 Part 1 : 1112 Pass
May 2016 Part 2 : 31131 Pass
First try on both, used a combo of other sources and BT for part 1 and BT only for part 2. After Part 1 I felt very confident, I pretty much knew I passed and the exam was below expectation. After Part 2 I was very worried, the...
Difficult exam. Tricky. More quant than expected. Much more difficult than part 1 Nov 2015. It is up in the air for me. Short on time. Guessed a few. Got super turnt at the raptors game. (Game 3 yeeeee!) Going to bed. Mad hangover tm morning probably.
ahh. Ok I was under the impression that fixed-leg counterparty meant paying fixed. So when you read "fixed leg counterparty" you look at it in terms of what you receive. I'm suprised I havent caught that in the past. Thanks.
"If the CDS spread increases, the premium paid by the fixed-leg counterparty increases. This causes a gain to existing fixed-leg payers, who in retrospect got into their positions cheap" from :P2.T6.308. Credit default swap (CDS) spread curves (Malz section 7.3)
Should'nt the premium remain the...
Hey fellow BT'ers
I'm getting ready to write Part 2 in May. I'm looking to see if ppl are willing to share their mind maps as I havent got around to making one for 2 yet and may be able to save some time.
Attached is what I would have considered my mind map for part 1. I do have a slightly...