# Search Results

### 2019 syllabus - artificial intelligence

I would have thought that being as forward looking as we are, we would have thrown somewhere into the 2019 syllabus topics on: Data analytics...
Thread by: Edwin, Sep 24, 2017, 3 replies, in forum: Off-topic

### FD?

Am I right that in the previous marking 10 points short was an FD? I got 53 out of 63 in February for CA3
Thread by: Edwin, Sep 23, 2017, 0 replies, in forum: CP3

### Predictions 101

Are we allowed to discuss the information we received. Before we get into trouble? I see the forums are still open?
Thread by: Edwin, Sep 22, 2017, 4 replies, in forum: CP3

Am I correct in that we are no longer doing a presentation question but instead we are going to have 2 written questions as in the Mock Exam?
Thread by: Edwin, Sep 21, 2017, 1 replies, in forum: CP3

### 2012 written paper

Isn't it necessary for customers to know the fees on the Capital release product? Or wasn't treating customers fairly an issue in 2012?
Thread by: Edwin, Sep 20, 2017, 0 replies, in forum: CP3

### Syllabus objective 5.2

5.2 Be able to justify the choice of communication tool(s) for presenting numerical information (e.g. data tables, bar charts, line charts, pie...
Thread by: Edwin, Sep 20, 2017, 3 replies, in forum: CP3

### A structured finance approach to guaranteed liabilities – eliminating shortfall risk

Published this paper for the Actuarial Society of South Africa (ASSA) 2016 Convention in Cape-Town, South Africa....
Thread by: Edwin, Feb 21, 2017, 0 replies, in forum: SP6

### What do the examiners see?

When uploading my slides, I saw they text was very small. This makes it uncomfortable to present. I also added a white bold text on a green slide...
Thread by: Edwin, Feb 7, 2017, 1 replies, in forum: CA3

### 2010 - 2012 Papers

Hi all, does anyone know where I can get these? Also, is it a good idea to look at the Pre 2010 papers although syllabus was different?
Thread by: Edwin, Jan 15, 2017, 0 replies, in forum: CA3

Im wondering if this makes sense, it's only April and the session is full already? How come the non-practical exams never get full. Why can't the...
Thread by: Edwin, Apr 10, 2016, 10 replies, in forum: CA3

### “You are likely to still be ahead”

Friends there was a lot of debate in the past regarding the usefulness of this subject with many suggesting that all it can do is get you an...
Thread by: Edwin, Jan 25, 2016, 3 replies, in forum: SP6

### Pension funds are sitting on a dynamite or risk

I really don't see why Solvency II doesn't apply to them. I mean to be allowed to Invest Billions in a equities and then be defenceless against a...
Thread by: Edwin, Nov 10, 2015, 6 replies, in forum: Off-topic

### Equity markets are expected to go down by 30% every 7 years

Hi all, I saw this statement in a past ST9 paper and I would like to verify it if possible to use it in my stress testing of a portfolio with...
Thread by: Edwin, Jul 8, 2015, 4 replies, in forum: SP9

### Convergence arbitrage

Hi Colin, How do you think the convergence arbitrage in the April 2008 paper HERE;- http://www.acted.co.uk/forums/showthread.php?t=565...
Thread by: Edwin, Apr 28, 2015, 0 replies, in forum: SA5

### 3rd Edition of RAMP - Infrastructure Investment

I am biased here with my interest in Infrastructure Investment....but when was the 3rd Edition of RAMP published? I read in the IFoAs...
Thread by: Edwin, Apr 27, 2015, 0 replies, in forum: SA5

### Poor solution - Sept 2014q3 (V)

Here the examiners' are getting it wrong....I don't care if I pass but I disagree. If someone's performance is being assessed by Return on Capital...
Thread by: Edwin, Apr 25, 2015, 0 replies, in forum: SA5

### Basel II SA missing Bancassurance?

Hi all, I see the standardised formula does not have a weight for Insurance sold via a Bank, I was under the impression that Bancassurance is a...
Thread by: Edwin, Apr 24, 2015, 0 replies, in forum: SP9

### Black Swans and Grey Swans

2014 papers contained a lot of directly technical questions with the EVT question and the Correlation calcs :mad: and the MCR questions......
Thread by: Edwin, Apr 24, 2015, 1 replies, in forum: SP9

Aren't these ICAS, ICA outdated as is the Financial Services Authority, are there any Lloyds Syndicates that are still required to produce ICA?
Thread by: Edwin, Apr 22, 2015, 1 replies, in forum: SA5

### Options Futures and Other Derivatives by Hull

Just to share with others that most of the questions in the old past papers were taken from this book, skimming through the chapters high level...
Thread by: Edwin, Apr 22, 2015, 4 replies, in forum: SA5

### List four factors

What happens when you are asked to list four factors and you list 8 to try and increase your chances of hitting the marking schedule?
Thread by: Edwin, Apr 21, 2015, 2 replies, in forum: SA5

### Sep 2008 q2(vi) - Prepayment Risk

I had suggested constructing a stripped MBS with Interest Only and Principal Only, as interest rates fall the PO becomes less valuable while the...
Thread by: Edwin, Apr 21, 2015, 1 replies, in forum: SA5

### Sep 2014q6(i) = SA509q2(iv)

Has anyone see this? And is it allowed, what if someone wrote the SA5 exam in April and revised this question and sat ST9 in September...
Thread by: Edwin, Apr 12, 2015, 1 replies, in forum: SP9

### Interesting Finance Issues - practical

Hi all, Let's post interesting staff we read here;- these are not necessarily the hottest issues but the staff that got you thinking a bit. Not...
Thread by: Edwin, Apr 10, 2015, 0 replies, in forum: SA5

### LCH.Clearnet OTC role vs clearing for an Exchange

Am I right in concluding that the role of a clearing house in the OTC markets (novation, netting, margining etc) is the same as the role it...
Thread by: Edwin, Apr 7, 2015, 3 replies, in forum: SA5

### X - assignment 1.7 (iii) NYSE.liffe?

Hi, I am sure that I'm missing something here, The question speaks bout NYSE.Liffe while the solution states the Euronext.Liffe answer, is this...
Thread by: Edwin, Mar 30, 2015, 1 replies, in forum: SA5

### Finance fellowship - SA5

Hi all, Just to express my gratitude to the Acted tutors for their commentary on the notes, I studied this subject in 2010 and forgot most of it...
Thread by: Edwin, Mar 26, 2015, 0 replies, in forum: CT2

### Expected shortfall BIS convention

The definition of ES used by the BIS Basel Committe as part of the Trading book review that replaced VAR with ES seems to be referring to what in...
Thread by: Edwin, Mar 23, 2015, 9 replies, in forum: SP9

### Calibrating the solvency 2 standard formula

Hi all, I am busy with an exercise as part of building an Economic Capital model. Suppose I quantify my Lapse_risk to be 2000, and I use the...
Thread by: Edwin, Mar 19, 2015, 5 replies, in forum: SP9

### Impact of different alternative to cash dividends

Hi all, I am struggling with completing the table below comparing effects of different alternative forms to cash dividends, please help and...
Thread by: Edwin, Mar 16, 2015, 1 replies, in forum: SA5

### Relevance of past papers

Hi, are there any parts of the past papers where some of the things don't apply, especially given that there have been many changes in the world...
Thread by: Edwin, Mar 15, 2015, 1 replies, in forum: SA5

### Exculapatory agreement vs Hold-harmless

I am struggling to understand the difference between these two, let's use a simple example of a dry clean store. Exculpatory;- The dry...
Thread by: Edwin, Mar 14, 2015, 2 replies, in forum: SA5

### Disagreeing with Mock B q2(ii)

Hi, I am not convinced that the strategy shown in the solution does "limit the downside risk on the portfolio" or "sacrifice some of the upside"....
Thread by: Edwin, Mar 12, 2015, 2 replies, in forum: SA5

### Valuation of a target company

How does the "valuation based on the joint-incremental net cashflow of the merger, attributed to the fact of the take-over alone" as the core...
Thread by: Edwin, Feb 26, 2015, 1 replies, in forum: SA5

### Expected Value of a Put option hedge (on a basket of assets)!

I have liabilities that offer policyholders a guaranteed investment return at maturity. The payoff is simply max(Fund Value at maturity,...
Thread by: Edwin, Feb 17, 2015, 6 replies, in forum: SP6

Thread by: Edwin, Feb 16, 2015, 4 replies, in forum: General study / exams

### April 2013 q1(iii)

Hi all, I am confused, can anyone see Haddon's theory applied in the examiners' solution?
Thread by: Edwin, Feb 7, 2015, 1 replies, in forum: SA5

### Additional Practise questions - India

Hi all, Just thought I should share some additional practise questions as set by the Institute of Actuaries of India (here);-...
Thread by: Edwin, Feb 6, 2015, 0 replies, in forum: SA5

### Solvency 2 correlation matrices

Hi all, Does anyone think they know where the Solvency 2 correlation matrices come from?... ....i.e where the 0.25 and 0.5's come from. It...
Thread by: Edwin, Jan 29, 2015, 0 replies, in forum: SA2

### Solvency 2 correlation matrices

Hi all, Does anyone think they know where the Solvency 2 correlation matrices come from?... ....i.e where the 0.25 and 0.5's come from. It...
Thread by: Edwin, Jan 29, 2015, 1 replies, in forum: SP9

### Solvency 2 correlation matrices

Hi all, Does anyone think they know where the Solvency 2 correlation matrices come from?... ....i.e where the 0.25 and 0.5's come from. It...
Thread by: Edwin, Jan 28, 2015, 2 replies, in forum: SA5

### Single stock futures

Does anyone know why these were banned in USA until recently?
Thread by: Edwin, Jan 24, 2015, 2 replies, in forum: SA5

### Role of clearing house

Chapter 2 splits the role of the clearing house into futures markets and options markets, however it is not very clear to me if there is a...
Thread by: Edwin, Jan 24, 2015, 2 replies, in forum: SA5

### Basel practise questions

Does anyone know where I get extensive calculation questions on Basel so I can familiarise myself with the process. I have done the ones in the...
Thread by: Edwin, Jan 15, 2015, 6 replies, in forum: SP9

### Basel practise questions

Does anyone know where I get extensive calculation questions on Basel so I can familiarise myself with the process. I have done the ones in the...
Thread by: Edwin, Jan 15, 2015, 1 replies, in forum: SA5

### A deep lingering urge to finish exams

Who else feels a deep desire to finish the exams and wants to share their journey? I feel an unsual sense of urgency to wrap up....is this...
Thread by: Edwin, Jan 12, 2015, 14 replies, in forum: General study / exams

Is it important to make sure I memorise all sections of the core - reading at SA level (or in particular for this SA) or some sections more likely...
Thread by: Edwin, Jan 10, 2015, 2 replies, in forum: SA5

### sep 2014 - 28% Pass rate

Still laughing, this is ridiculous....and proud to have passed it first try in April 2013, in fact the only 'later' exam passed at first try.
Thread by: Edwin, Jan 7, 2015, 3 replies, in forum: SP6

### Question 1.1 - why germany?

Given that the first 6 parts are supposed to test understanding, I don't understand why we asked to know the features of German economy while...
Thread by: Edwin, Jan 6, 2015, 2 replies, in forum: SA5

### Doing this subject and ST9 - April 30 2015

Hi all, I ran away from SA6 after I went through the notes and the subject is not was I was looking for as it is generally more of Asset...
Thread by: Edwin, Dec 14, 2014, 1 replies, in forum: SA5

### Previous subjects - ST9?

In the notes no mention is made of ST9 as one of the previous subjects, however when preparing for my ST9 exam i took a look at SA6 past papers...
Thread by: Edwin, Oct 14, 2014, 3 replies, in forum: SA6

### the past and the future

If 2014 April paper is similar to tommorows in style it means;- 1. I can hone exam skills, go through the syllabus and sleep 2. Prepare to...
Thread by: Edwin, Sep 23, 2014, 3 replies, in forum: SP9

### ASET - October 2010 7 (i)

Hi all, ASET says that "if we wish to allow for correlations between the frequencies of the m operational risk categories then this will be...
Thread by: Edwin, Sep 19, 2014, 2 replies, in forum: SP9

### Simulating the interdependence of risks - ACTED notes

Two questions;- 1) In the Acted course notes one of the advantages of MC Simulation is stated to be that;- "it is possible to simulate the...
Thread by: Edwin, Sep 19, 2014, 1 replies, in forum: SP9

### Specimen 2010 question 4 (v) and 5 (i)

Hi all, I would appreciate help with the following;- Queston 4 (v);- I don't understand the examiners' points below from the solution;-...
Thread by: Edwin, Sep 18, 2014, 2 replies, in forum: SP9

### Analysis of October 2013 Paper

1) Ques_2, I had added under advantages the additional point that going for a future whilst not cancelling the forward means if prices rise again,...
Thread by: Edwin, Sep 17, 2014, 0 replies, in forum: SP9

### Hottest risk management issues in the past 2 years

Hi all, i thought I should start this thread for us to post and share what we think are the biggest Risk Management Case studies in the past 2...
Thread by: Edwin, Sep 14, 2014, 1 replies, in forum: SP9

### Risk Management Frameworks by country

Hi, Already the course is such a lot of work and requires different techniques for different parts. What do others think with regards to...
Thread by: Edwin, Sep 13, 2014, 2 replies, in forum: SP9

### KPI vs KRI Sep 12 q 6(v)

Hi, First someone please confirm that i am thinking right here;- KPI i assumed things like ROA, ROC KRI i assumed things like VAR, TVAR...
Thread by: Edwin, Sep 1, 2014, 1 replies, in forum: SP9

### September 2012 question 3 (iii)

Here, we are asked to speak about the advantages and disadvantages of the two approaches as well as areas of improvements. A lot of detail is...
Thread by: Edwin, Sep 1, 2014, 2 replies, in forum: SP9

### September 2012 question 2 (i) & (ii)

Hi all, while i posted earlier on the fact that parts (iii) and (iv)of this question were straightforward, it is part (i) and (ii) that are...
Thread by: Edwin, Sep 1, 2014, 1 replies, in forum: SP9

### Cram session

So many lists to remember for this subject, nearly as much as CA1. Has anybody started their cram session?
Thread by: Edwin, Aug 28, 2014, 2 replies, in forum: SP9

### April 2012_q 4 (ii) Internal model process

Hi, the question asks us to outline the process which should be followed to develop an internal by the company. Due o the overlap between...
Thread by: Edwin, Aug 25, 2014, 1 replies, in forum: SP9

### Correation matrix/BSCR approach – Oct 2011

I don’t understand why the examiner’s spoke about a correlation matrix for calculating the diversification benefi, in my attempt I tried to use a...
Thread by: Edwin, Aug 20, 2014, 2 replies, in forum: SP9

### Risk adjusted returns vs Sharpe ratio

April 2011 q 6 (ii) speaks of calculating RAROE, the formula in the examiner's report does this by; RAROE = (Pre-dividend net of tax profits...
Thread by: Edwin, Aug 12, 2014, 1 replies, in forum: SP9

### Putting everything together Chapter 1 - 8

While the rest of the Chapters 10 - 28 easily make a whole since they are about careful selection of risks, listing them and then assessing how to...
Thread by: Edwin, Aug 11, 2014, 1 replies, in forum: SP9

### African Bank goes down!(A South African case study)

Here;- Mainly poor credit risk modelling and management, their share was trading at less than 1 Rand by noon today....
Thread by: Edwin, Aug 7, 2014, 1 replies, in forum: SP9

### Specimen 2010 q4(iii)_Credit Migration?

Apart from the fact that this question is probably a Credit Migration question, I have no slightest clue of what the examiners are doing in their...
Thread by: Edwin, Aug 3, 2014, 1 replies, in forum: SP9

### October 2010 7 (i)

I still can't figure out what formula is shown in the examiner's report for part (i) (a)? i.e S = $$\sum\limits_{i=1}^{k}$$...
Thread by: Edwin, Aug 3, 2014, 5 replies, in forum: SP9

### q&a Q3.30 (ii) PCA

Hi all, Solution 3.30 suggests using regression analysis for Observable factor model and PCA for latent factor models. I had thought that...
Thread by: Edwin, Jul 22, 2014, 3 replies, in forum: SP9