Below is what I have marked.
change in monthly payment of MBS - 20000(sumthng)
back testing there are 8 exceptions in a 99% VAR model - ~3.47
Pool of 15 assets with no correlation - I think 83333
Diff btwn diversified and diversification VAR - 353550
Option value of a bond(2nd Q) - 5.94
what abt "garp code of conduct....experienced analyst asked to prepare a model for india & china...the analyst informs the board that he its not aware of the markets so will take time....."?? did he violated CoC?