[varun]

Hello Mate

I would say you need not worry about exam 4 as long as you understand the cases. For some people it would be sufficient to go through twice for some 3 times and for some 4 times….if you can recall key points related to cases it would be fine…I would say 2-3 times is sufficient for cases. for bylways and other stuff again read till the time you can recall the points…after a couple of readings you will realise that you can recall what is available under each topic. In terms of difficulty out of all 4 exams I would rate exam 4 to be easiest…so don’t worry and go ahead. All the best.

RF

[varun]

Results are published on Thursday…I hope you must have got yours. I wrote on 26 and have received mine,

[varun]

For anyone who is still following…finally I passed exam 4 and cleared PRM…scored 95 in exam 4 which was much more than I anticipated when I started preparing. Overall it was not too difficult if you are well through with the cases I believe.

[varun]

Acc to me

ans for 1) should be b (as there is no exposure to the notional for an IRS as the notional amount is never exchanged but for a currency swap it is)

ans for 2) should be 7 years

Let me know if I was right or wrong in case you have the answers.

[varun]

Okay cool. And do they send it on the address mentioned on your PRMIA profile?

[varun]

Hi

Did you receive the certificate? Did you have to reach out to them expliicitly for the same?

[varun]

credit derivatives are basically the protection which can be bought to protect return on your underlying investment. For instance you buy a bond which promises a certain amount of coupon for a certain maturity but there is a certain chance that the bond issuer might default , to overcome the same you can buy a credit derivative from an investment bank (or some other institution)by paying a certain premium which would give you a protection in the event the bond issuer defaults on its obligation.Obviously the institution which will sell the protection to you would have a view that the issuer will not default.
Think of it as if you buy an insurance for your car which gives you protection in an unforeseen event of your car being stolen or getting damaged the only difference being that you can buy a credit derivative on an underlying (bond) without actually owning the underlying but you cannot buy protection for your car without actually owning the car. Hope that helps.

[varun]

3 months with a part time study schedule and not much existing knowledge of the subject. It might take less than tht if you fare well on these 2 aspects

[varun]

Hi Marat
I am also preparing for Exam 2 and just kicked off the preparation, it would be good to be in sync with the preparation. I dont know how to send pm. if you know please send pm to me.

[varun]

Thanks Omokeri, could you tell if we need to concentrate on the excel interepretations given in the handbook for topics like regression analysis or excel interepretations are not askedin the exam.

Cheers!

[varun]

HI Omokeri, thanks for the information, could you explain what percentage of questions were purely mathematical and how many were application based like based on certain concepts such as covexity, gamma hedging etc? and how do you rate the difficulty level

[varun]

@Ngozie, send them over to JB.power.of.sound@gmail.com

Thanks in advance

[varun]

@ngozie – how do you plan to share the practice questions?

[varun]

Congrats Shirshendu on your achievment and thanks for sharing the feedback.

@Ngozie – please share your feedback too once you take your exam. And ofcourse I am be interested in practice questions.How can I get access? and I hope this is not against the bylaws

[varun]

Hey I just started off with my prep, hopefully should not take too long. All the best to you for 18th. May be you can share the formula summary once you done with it. Sounds helpful

[Author]

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