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1. ### Exam Feedback November 2018 Part 2 Exam Feedback

Thank you David and Nicole for your support. You're doing a great job. I will stay with bionicturtle in the future although I have passed part 2.

No i havent
3. ### Exam Feedback November 2018 Part 2 Exam Feedback

Fingers crossed Astha.
4. ### Exam Feedback November 2018 Part 2 Exam Feedback

Desktop or Tablet. On cellphone you dont see the reminder.
5. ### Exam Feedback November 2018 Part 2 Exam Feedback

Let us hope the best. In Germany it is 23:27. Can't sleep too. I will be very tiered tomorrow at work.:-D
6. ### Exam Feedback November 2018 Part 2 Exam Feedback

Takes some time. They not change all simultaniously.
7. ### Exam Feedback November 2018 Part 2 Exam Feedback

FYI: My Reminder changed too.
8. ### Exam Feedback November 2018 Part 2 Exam Feedback

I just think this question was one of the bad ones because it allows much dicussions as we see...
9. ### Exam Feedback November 2018 Part 2 Exam Feedback

I think I also choosed pool insurance.
10. ### Exam Feedback November 2018 Part 2 Exam Feedback

Hi folks, I think it was a difficult exam. A lot of questions were really long. Furthermore sometimes the the answer options were in my opinion not well designed. Regarding the RAROC question I think I choosed 4,75%? I set the formula for RAROC equal to 9,75% and solved it for r. Maybe...
11. ### Component versus Incremental value at risk (VaR), Level 2

Hi David, thank you I'm fine, although temperature is really high here. Your answer was as always really helpful. :-)
12. ### Component versus Incremental value at risk (VaR), Level 2

Hello David, just two questions: 1. Is the difference between the incremental and the component VAR the failure due to linear approximation? Incremental VaR (CAD) = $41.1 -$32.9 = $8.22 minus Component VaR[CAD] = 0.2961 *$50.0 = \$14.80 = Failure or inaccuracy because of linear approximation...
13. ### Repo vs. Reverse Repo

Hi all, im struggeling with the definition of repo vs. reverse repo in the context of: Study Notes OP risk - Tuckman Ch12 Side 4 in the Notes => Is the following from the view of the Investor a reverse repo rather than a repo? => Because: For the party selling the security and agreeing to...

15. ### R39-P2-T5 Tuckman Ch9 Model 1 - Simulation: Why always scale dw by SQRT(1/12) every month?

Hi David, i don't get it with the dw and the scaling... I don't get the link between: dw as normal random variable/ standard normal random variable and the scaling with sqrt(dt). 1. In a simple and practical way for the exam: Have i always to scale the dw with sqrt(dt) or does it depends...
16. ### VAR Backtesting - Notes pages 11 and 13

Hi David, why are there two sets of VAR used in the IMA? See below the picture from your Notes. On page 11 you say it is: 1% 10-day VAR for VAR calculation On page 13 it is said to use 1% daily VAR for VAR calculation and 1% 10-day VAR for riks charge computation. For what do we use 1% 10-day...
17. ### Spectral Risk Measure

Thanks a lot David. :-)
18. ### Spectral Risk Measure

Hi David, so i'm starting next round for part II. Can you please explain why a spectral risk measure is always coherent? If the green marked conditions above are met, all four conditions for coherence are met too? But why? Many Thanks in advance
19. ### FAQ Before Exam FRM Part 2 Study Strategies

Hi Karim, thank you a lot. So i think i will order the GARP books.
20. ### FAQ Before Exam FRM Part 2 Study Strategies

Hi all, i'm preparing for my studies regarding Part II. Can anybody explain me, what is the content of the GARP books? Is it just a one to one copy of the recommended books by GARP or is it written by GARP itself? Thanks