i am giving FRM level 1 for may 2012...
i had question...!!
i have heard that FRM level 1 is 4 hrs long with 30 mins of break ... so does that means that qs paper is split in to 2 parts , that 120 mins each... and 50-50 qs ???
will the invigilator take away our 1st set of paper and then provide us 2nd after 30 mins break...?
please tell me wt exactly happns in exam hall... as m not giving any mock test in classroom and will gv exam directly... very scared !!!:lookround:
Relax... things will be fine. Just concentrate on the preparation.
Here is something that will give you complete details to be prepared for the exam day.
GARP - Exam Day Information
Read this carefully and take notes if you have to. Post here if you still have doubts... and Relax.
i am giving FRM level 1 for may 2012...
i had question...!!
i have heard that FRM level 1 is 4 hrs long with 30 mins of break ... so does that means that qs paper is split in to 2 parts , that 120 mins each... and 50-50 qs ???
will the invigilator take away our 1st set of paper and then provide us 2nd after 30 mins break...?please tell me wt exactly happns in exam hall... as m not giving any mock test in classroom and will gv exam directly... very scared !!!:lookround:
Hey guys!!! I m planning to write the FRM part 1 exam of 2012.. I stay in Chennai. Can any of u pls suggest me if there is any place in india where i can buy bionic turtle videos 2012 for part 1 FRM??
Thank you so much
FRM Program Update April 2012
On Saturday, May 19, over 13,000 candidates at 90 Exam sites around the world are scheduled to sit for the FRM Exam, capping a very successful Exam cycle. For the May 2012 Exam, FRM Part I registrations are up 18% year-over-year, while FRM Part II registrations have risen by 34%. While most countries and regions showed a strong increase in registrations, growth was led by the US, UK, and China.
...
GARP - FRM Program Update
Hi Klusy,
I am also writing FRM level 1 in May and I am in Hyderabad.
-Seema
Hi Seema,
I am from Hyderabad.I am planning for FRM L1.Please let me know if you are interested in group study.
Thanks
Shashank Jain
Hi, I dont think the CFA u r doing is the one under discussion here.
CFA Institute is not affiliated with the Chartered Financial Analyst degree offered by the ICFAI University of India or its affiliate, the CCFA. In 1998, CFA Institute's predecessor organization, AIMR, sued and won a judgment against ICFAI/CCFA. The judgment prohibited ICFAI/CCFA and its members from using the CFA or Chartered Financial Analyst mark in the United States and Canada. In August 2006, an Indian court issued a temporary injunction against the Indian organization as well.The judgments made no assessment of the quality of the Indian program and merely discussed the trademark violation.
You can get More info from wikipedia about CFA. It has been explained there in detail.
The GARP site says 650 $ = 32k , are all of you paying the same ?
Hey guys!!! I m planning to write the FRM part 1 exam of 2012.. I stay in Chennai. Can any of u pls suggest me if there is any place in india where i can buy bionic turtle videos 2012 for part 1 FRM??
Thank you so much
you can get searching in web .. I dont think soft copy is up for sale in chennai
Hi Seema,
I am from Hyderabad.I am planning for FRM L1.Please let me know if you are interested in group study.
check the date she posted that post.. Its almost three months. please dont spam here .. Rather PM the user if you want to ask personal queries
dead_alive SaysThe GARP site says 650 $ = 32k , are all of you paying the same ?
yes obviously . u need to pay 650*52.31 as off today
i hv been trying to solve pristine's qb after going through Schwezer notes. But the questions I see in the qb cover areas nt touched upon in Schwezer. are the concepts covered in Pristine relevant and needed?? shld i look into them now considering only 2 weeks left or should i focus on the schwezer concepts which i have studied.
How many no. of confident questions should one attempt to clear each section. An average no. of questions i mean would be a good attempt.
Can you post a few sample questions here, that you feel is not covered in the other concepts. We can help you judge whether they are reqd / what level are they.
i hv been trying to solve pristine's qb after going through Schwezer notes. But the questions I see in the qb cover areas nt touched upon in Schwezer. are the concepts covered in Pristine relevant and needed?? shld i look into them now considering only 2 weeks left or should i focus on the schwezer concepts which i have studied.
How many no. of confident questions should one attempt to clear each section. An average no. of questions i mean would be a good attempt.
leolazer SaysCan you post a few sample questions here, that you feel is not covered in the other concepts. We can help you judge whether they are reqd / what level are they.
The Vasicek model defines a risk-neutral process for r , which is dr = a(- r )dt + sigma*dz, where a, b, and sigma are constant, and r represents the rate of interest. From this equation we can conclude that the model is a
Choose one answer.
a. Monte Carlo-type model
b. Single-factor term-structure model
c. Two-factor term-structure model
d. Decision tree model
The term a(b- r ) in the previous question represents which term?
Choose one answer.
a. Gamma
b. Stochastic
c. Reversion
d. Vega
A plausible stochastic process for the short-term rate is often considered to be one where the rate is pulled back to some long-run average level. Which one of the following term-structure models does not include this characteristic?
Choose one answer.
a. The Vasicek model
b. The Ho-Lee model
c. The Hull-White model
d. The Cox-Ingersoll-Ross model
These dynamic interest rate models were in the AIMS till 2007. Later they were taken out. Generally this would be covered under the GBM / Monte Carlo - possibly Ch12 of Jorion VaR.
BTW These ques are directly from the FRM handbook Page 91,92. One of these is also a FRM 1999 ques (if I am not wrong).
You can estimate the answers to the first two ques if you have a fair idea of the Wiener processes.
Please check the latest AIMS if the Vasicek process is included (You can post the AIMS here if you need me to check - I have only till 2011 AIMS). I doubt it and hence the testability is also doubtful.
Appears like Pristine took the ques directly form the FRM handbook and later did not bother to update as per the AIMS.
The Vasicek model defines a risk-neutral process for r , which is dr = a(- r )dt + sigma*dz, where a, b, and sigma are constant, and r represents the rate of interest. From this equation we can conclude that the model is a
Choose one answer.
a. Monte Carlo-type model
b. Single-factor term-structure model
c. Two-factor term-structure model
d. Decision tree model
The term a(b- r ) in the previous question represents which term?
Choose one answer.
a. Gamma
b. Stochastic
c. Reversion
d. Vega
A plausible stochastic process for the short-term rate is often considered to be one where the rate is pulled back to some long-run average level. Which one of the following term-structure models does not include this characteristic?
Choose one answer.
a. The Vasicek model
b. The Ho-Lee model
c. The Hull-White model
d. The Cox-Ingersoll-Ross model
Hey thanks.
I am getting a bit confused, the exams is not even 2 weeks away. After solving few questions I think I need some help on the last part of the 2nd book which includes:
Monte Carlo Methods
Estimating correlation and volatility using EWMA and GARCH models
Volatility term structures
Quantifying volatility in VaR models
I am able to solve the numerical questions which are direct formula inputs but the other questions have been a problem. What should be the approach for preparation now considering the time. I also have my internship going on. Please suggest.
If you could suggest some very important topics I should revise or any particular papers I should practice it would be really helpful.
Also find attached the aim statement.
Hi,
The topics which you have mentioned here are definitely difficult and confusing topic. I would say that prepare from the examination perspective in these topics, that is you should be able to solve simple problems from there. But after the examination try to get deeper.
As for the other topics, I would suggest that Financial Markets and Products is one of the most important area, here you will be able to score marks as well. Also the first part of Valuation and risk model (bonds, options) are also important, lots and lots of questions come from these topics, so make sure that you have full confidence in these.
Please go through the last 2 years GARP sample papers and this year sample paper, you will get an understanding as to the standard of question being asked.
Also make sure that you solve all the problems from the lates FRM handbook, the examination questions are of that standard.
Wish you all the best.
Thanks
Ratan Gupta
Knowledge Varsity
Hey thanks.
I am getting a bit confused, the exams is not even 2 weeks away. After solving few questions I think I need some help on the last part of the 2nd book which includes:
Monte Carlo Methods
Estimating correlation and volatility using EWMA and GARCH models
Volatility term structures
Quantifying volatility in VaR models
I am able to solve the numerical questions which are direct formula inputs but the other questions have been a problem. What should be the approach for preparation now considering the time. I also have my internship going on. Please suggest.
If you could suggest some very important topics I should revise or any particular papers I should practice it would be really helpful.
Also find attached the aim statement.
Hi all
Can somebody tell me from where to get the previous year FRM papers and solutions?
for practice, all i have is 2012 sample paper by GARP and 2 full length Schweser papers in hard copy. if anybody is interested in exchanging the material, can let me know.
thanks
Only a few days to go... most of you must be really busy in preparations. Here is something to help you.
Here are a few topics on which questions have been asked in Nov2011 Part 2 exam. Hope it helps you.
- ARAROC - Calculation and comparison
- Basel III - Liquidity measure changes
- Basel III - Leverage measure changes
- CDS spread calculation
- KMV - distance to default
- Expected Loss calculation
- Unexpected Loss / RC
- Counterparty Net Exposure
- Credit VaR Calculation
- Credit Risk concentration
- Exogenous, Endogenous LVaR calculation
- Q-Q plot
- Information Ratio
- Default Intensity calculation
Previous years papers are not released explicitly by GARP, though you may find a glance in the FRM handbook as a few questions sneak into that.
Further, the CD with the FRM handbook contains the papers from 2000 - 2003. Considering the revisions that have been done to the course in the last 10 years, the usability is limited. I would suggest that you go by the practice papers from GARP, Schweser and some topic questions that get posted here or otherwise on the net.
Hi all
Can somebody tell me from where to get the previous year FRM papers and solutions?
for practice, all i have is 2012 sample paper by GARP and 2 full length Schweser papers in hard copy. if anybody is interested in exchanging the material, can let me know.
thanks
I would appreciate that you post the critic comments here in the public forum.
Thanks for pointing out the line - I have removed it, if it has offended certain members of the society.
However, when one appears for FRM or CFA, one is supposed to appear for the Ethics exam and over a period of time one learns to imbibe these ethics as a part of our nature rather than just as an exam. Then over a period of 15-20 years of working in the cut-throat industry where ethics sell for dime a dozen, a person realizes that there is nothing more precious or sacred as the values or ethics that we hold towards our profession of Finance.
No, I am not a GARP official, but I will not bite the hand that feeds me.
Perhaps time will make you experience why I wrote that or why, sometimes, people do not have the time to write too many details even though they want to help.
And, yes, I will continue to help people here if I can, including you.
Retracted
I would appreciate that you post the critic comments here in the public forum.
Thanks for pointing out the line - I have removed it, if it has offended certain members of the society.
However, when one appears for FRM or CFA, one is supposed to appear for the Ethics exam and over a period of time one learns to imbibe these ethics as a part of our nature rather than just as an exam. Then over a period of 15-20 years of working in the cut-throat industry where ethics sell for dime a dozen, a person realizes that there is nothing more precious or sacred as the values or ethics that we hold towards our profession of Finance.
No, I am not a GARP official, but I will not bite the hand that feeds me.
Perhaps time will make you experience why I wrote that or why, sometimes, people do not have the time to write too many details even though they want to help.
And, yes, I will continue to help people here if I can, including you.
1. FYI...puys are supposed to write general queries on thread and private suggestions on PM. Wat I wrote to u was meant only for u so PM is the place for it. However if u want to be criticized on thread then .... :)
2. I never told u to bite the hand that feeds u. I just asked to post the questions (if u remember) after modifications. I can very well understand that u may not be able to do that due to paucity of time. But there isnt any need to explain the importance of ethics...I also know that.
3. " Perhaps time will make you experience why I wrote that " .... pls do not presume that wat will time teach me :nono:.
And...1 thing to u now...wen u write/say something...just dont xpect that everyone agrees to everything u say...there will be times wen ppl will disagree...jusst dont make a fuss abt it..take it in positive way. There was no need really to public my PM on thrd. Going by watever u wrote...I think u mite stop guiding puys if 2-3 puys disagree wid u again. Pls use PM for further disc. if u want and let this thrd be used only for FRM queries. :)
@ Rest of FRM aspirants - Mr. Leolazer had unnecessarily made a private conversation public so I had to reply him on thread. My apologies in case of any inconvenience/irritation caused to u guys.
Hi all,
How was the FRM Level 2 exam held today ?