I would like to ask about the equation of cross currency swap.
> Forward - Spot = Spot ( 1 + interest rate of home currency / 1 + interest rate of foreign currency) - spot.
According to the mechanism of this instrument and the BIS link...
in my country - Egypt - it was ok. earning a certificate in such new field is always appreciated. Moreover, i took ORM exam to enhance my knowledge in operational risk field regardless market appreciation.
regarding calculation, one of topics in ORM exam is risk modeling. when i took the exam...
for first question, i do believe studying 1.5 to 2 hours / day is sufficient. the point u should take into consideration ORM certificate has neither exam provider nor exercises/practical questions in order to be familiar with the exam. so understanding concepts of ORM material is essential and...
I would like to clarify the difference between co-variance formulas, which are mention in page 27 as follows:
and this co-variance formula which is extracted from correlation formula
I mean in first equation, we have divided by N and there is summation sign...
while studying Miller ch2, I just wanna ask several questions:
based on definition of Joint Probability “The joint probability distribution of two discrete random variables, say X and Y, is the probability that the random variables simultaneously take on certain values, say x and...
@hellohi There is an operational risk manager certificate, which is offered by PRMIA. it focuses on operational risk field intensively. highly recommended. Thankfully, i earned this certificate in September 2016. if u r going to plan to earn it, please do not hesitate to contact me.
i have several questions concerning first 3 chapters (Crouhy) in foundation of risk (P1 T1).
first 3 chapters deals with a lot of theoretical parts. would please tell me the best way to study such theoretical material? should i memorize all the mentioned points for example?