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November 2018 Part 2 Exam Feedback

there was a question about collateral before the court decision or after the court decision.. i have chosen after the court decision
IMO, in case of CSA (ISDA) we see an outright transfer of title in collateral by the counterparty that is required to provide collateral. So no need for court for secured party to get ownership of collateral.
 

jaivipin

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I am thinking, we have overall covered around 20 - 25 questions here in the forum. Total we had 80 questions, so lot of questions are still unclear.
Given level of exam was super high, no one is really sure who will pass or not. So still let us keep hope we clear the exam.

Thanks
 
IMO, in case of CSA (ISDA) we see an outright transfer of title in collateral by the counterparty that is required to provide collateral. So no need for court for secured party to get ownership of collateral.
I think you are correct. According to the notes:

In contrast, collateral posted against derivatives positions is, in most cases, under the control of the counterparty and may be liquidated immediately upon an ‘‘event of default’’. This is due to the laws governing derivatives contracts and the nature of the collateral (cash or liquid securities under the immediate control of the institution in question). Exposure, in theory, can be completely neutralized as long as a sufficient amount of collateral is held against it.
 
Hi guys...

I attempted both the levels n this was my first attempt..I had gone thru all the reference materials and covered both levels spending approximately 400 hrs ..since I have an MBA level 1 preparation was relatively easy ..so I spent a significant amount of time on level 2...I didn't have time to do any mock tests or practice questions either...just had a good reading of the materials ...level 1 is pretty easy for me..level 2 I found the numericals were straight forward n of average difficulty..theory questions I too could boil down to two options before making an educated guess... nevertheless just waiting for results to be declared....all the best guys
Kodus to you for attempting the 2 parts on the same day! I understand not many people do that. Good luck!
 
I know this issue is always discussed given the level of difficulty of the exam, what would be the MPS for the part 2, this year. (55% or above?)
I know part 2 seems always difficult, if I read the old forums (the past year's feedback on the exams), I am just curious.
 
I know this issue is always discussed given the level of difficulty of the exam, what would be the MPS for the part 2, this year. (55% or above?)
I know part 2 seems always difficult, if I read the old forums (the past year's feedback on the exams), I am just curious.
After writing Part 2, I have a hunch (that is best not taken too seriously) that a 40+ score out of 80 is a guaranteed pass. That said, I've always felt more serious candidates tend to flock forums such as Bionic Turtle, and usually end up overestimating the kind of performance required to pass.
 
After writing Part 2, I have a hunch (that is best not taken too seriously) that a 40+ score out of 80 is a guaranteed pass. That said, I've always felt more serious candidates tend to flock forums such as Bionic Turtle, and usually end up overestimating the kind of performance required to pass.
Hope so...:p
 
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