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thanks that makes sense and just as i thought

Hi Suppose have capital structure of senior: 100m, Mezzanine; 50m and Equity: 20m. what's credit enhancement of senior tranche? Looking for example similar or pointers on solution thanks

Thanks - I am aware of the translations but I think they didn't mention in the question which discrete rate the credit spread was i.e they didn't make it explicit if it was 3.0% per annum with semi-annual compounding or annual compounding. I wonder if one is meant to assume annual compounding if...

Hi There was a question like calculate credit spread and express in continuous compounding. I believe they wanted us to use FRM I material for an FRM 2 question. If the credit spread is 3% then how would one express in terms of continuous compounding?? thx

Thank you for your help

Hi In some sources i am finding that we multiply the numerator (Revenue +ROCE - EL - Int - Op) by the tax rate as it is whereas other sources it says I need to multiply numerator by (1-Tax rate) why is this? Thanks

Hi just a quick on I am trying to understand OTM and ITM positions in forwards and what the delta would be. Does anyone have a chart. Thanks

Hi I have a question on calculating surplus at risk which states that formula to get this is MU - SIGMA x Z but another question says "compute at 95% confidence level that surplus value will be less than X" i.e what is X, for this final answer we use MU + SIGMA x Z. Why the difference in the...

Thanks for this :-)

Hi A quick one. Concept around when they quote bonds or DV01 value as per 100 face value. I want to clarify understanding. So if quote DV01 as 6 per 100 FV then effectively if the bond value is 1000 then that's just 6*10. DV01. I think there must be question somewhere that has this wording...

Yeah so I signed up for the exam again 4 months ago and nobody has told me to sign up to membership again. Have asked GARP but they notoriously slow and my exam in a couple weeks.

It says membership status lapsed as I signed up over a year ago. Retaking exam.

Hi I see you can become a member of GARP. Is it necessary to pay the $195 fee to be able to take the FRM 1 exam? Or can you not be a member and still take the FRM 1 exam? Thanks

I did not pass. Many questions that I had not revised came up and ones I knew inside out did not.

Hi Thanks for this I have found it. I had booked the exam and then forgot about all the e-mails.

Hi When do we receive this for the exam? I have my appt listed on my online portal but no e-mail to date which I need to take into the exam. Thanks

Hi I booked my first exam in May 20 and paid the 850 dollars but exams deferred to May 21. My membership has recently lapsed (>1 year elapsed) without any direct notification from GARP. Do I need to renew to take the FRM 1 exam in May 21 and will they let me renew to take exam. No membership...

I am due to sit London 8th May 21 FRM 1. I have had my exam postponed 2 times. Lockdown easing begins on 12th April would be incredibly frustrating if the exam does not take place again. Although most people have had vaccine now and the candidates are split at different locations for the CBT...

Thank you GARP thank you so much for pushing back the exam for yes the third time! I just love the paper and pencil exam. Whoever thought of a paper and pencil exam for multiple choice I commend you!

Is anyone due to sit London January 16th? I'm resigned for this to be postponed in view of the national lockdown.