What's new

Search results

  1. Sixcarbs

    Excel NORM function question for your diehards.

    Hello fellow Turtles, Sorry I have been away so much. I have been preparing for CFA 2, working by day, and trying to start some side endeavors in whatever free time I have left. And parenting a toddler. Enough about me. I hope you are all feeling good about your FRM preparation as you come...
  2. Sixcarbs

    FAQ Before Exam Study Plan Guide

    I recommend GARP chapter then BT chapter. Stick with it and those integrated BT questions should help you pick things up faster. I don't think GARP assumes you have any prior statistics knowledge, although it would certainly help.
  3. Sixcarbs

    P1.T3 Chapter13 Practice Questions

    I like this because I am always having to think about which way the cash is going. This works!
  4. Sixcarbs

    P1.T3 Chapter13 Practice Questions

    A risk of the Reverse Conversion is a dividend increase or a special dividend. So a dividend cut should be beneficial to holding the Reverse. Remember someone who is short stock needs to pay the dividend to the lender of the stock.
  5. Sixcarbs

    FAQ Before Exam Should I sit for both parts on the same day?

    The way I see it as long as you pass Part 1, you are placing a good bet on Part 2. All you have to lose is the exam fee. When you say pass rate of 5% I assume that is to pass both exams. How many who take both pass Part 1 and not Part 2?
  6. Sixcarbs

    FAQ Before Exam Should I sit for both parts on the same day?

    Don't forget Part 1 is more important than Part 2. It does no good to pass Part 2 if you fail Part 1. So make sure your Part 1 is tight, even if you have to neglect some stuff in Part 2.
  7. Sixcarbs

    How many certified FRM's globally? In the USA?

    I think they force you to Opt-in, and if you do nothing, you are not in there.
  8. Sixcarbs

    How many certified FRM's globally? In the USA?

    You actually have to opt in.
  9. Sixcarbs

    How many certified FRM's globally? In the USA?

    I like the way you are thinking, but, I don't think everyone is listed in the directory. I think a lot of people opt out. There have to be more than 3991 FRM/ERP's in the US, don't you think?
  10. Sixcarbs

    How many certified FRM's globally? In the USA?

    They responded to me after my phone call to them. It's a secret! "With regard to your inquiry as to how many certified FRMs there are globally and nationally, it has been confirmed to me that this is non-published information."
  11. Sixcarbs

    Current Event: ECB temporarily allows lower capital requirements for market risk

    Since one of the capital requirements is proportional to volatillity the ECB has lowered the multiplier to offset the higher volatility. Seems like a bad idea to me. Markets are all over the place, the higher capital requirements seem justified. But their game, their dice, their rules...
  12. Sixcarbs

    CFA June exams postponed, all levels.

    Looks like it is final. Just got this email. December 2020 (Or June 2021 if you want to wait.) =========================== Dear Sixcarbs, As communities around the globe continue to adjust to the profound effects of the coronavirus, we at CFA Institute have been working on a new timeline for...
  13. Sixcarbs

    How many certified FRM's globally? In the USA?

    Thanks @David Harper CFA FRM, I don't think it does. I am going to ring them on Monday and see if I can get a straight answer. I will update here.
  14. Sixcarbs

    How many certified FRM's globally? In the USA?

    Hello, Does anyone know how many certified FRM's there are globally, and in the US? I have been googling for some time now and can't seem to lock down anything concrete. The closest figure that popped up was 50,000 globally, and it looked like that was from 2018. So, if anyone knows, and...
  15. Sixcarbs

    What is best BT resource to brush up on RWA?

    Thanks @David Harper CFA FRM, just what I needed! (For what I don't know yet, but maybe something good.)
  16. Sixcarbs

    What is best BT resource to brush up on RWA?

    I think it falls under the Study Guide titled under Operational Risk in Part 2: Capital Planning at Large Bank Holding Companies Is it covered in any other section? Thank you, Sixcarbs
  17. Sixcarbs

    CFA June exams postponed, all levels.

    Looks like you are right. Was hoping for August or September. https://www.cfainstitute.org/en/about/press-room/cfa-institute-coronavirus Q: What will be the earliest possible date for the exams? A: December 2020.
  18. Sixcarbs

    Books we love (in no particular order, amended as I use or refer to them)

    Option Volatility and Pricing by Sheldon Natenberg. It may not be as technical as Hull, but it is a must read for all options market makers.
  19. Sixcarbs

    Chapter 20 Swaps

    This is one of my weakest subjects, so that's why I want to try and answer this. The Forward Libor rates, and the 2-year swap rates are all semi annual but quoted for the year. In other words, 5% semi-annual would pay 2.5% of the principal twice a year. So for each period you need to...
Top