FRM公式表在FRM考試中重要嗎？這是很多在備考初期咨詢多的問題，關(guān)于這個(gè)答案，小編說，關(guān)于FRM公式是很重要的，考生不僅要記住還需要熟練運(yùn)用！

Central Counterparties (CCPs)：>>>點(diǎn)擊領(lǐng)取2021年FRM備考資料大禮包（戳我免·費(fèi)領(lǐng)?。?/span>

When trades are centrally cleared, a CCP becomesthe seller to a buyer and the buyer to a seller.Advantages of CCPs: loss mutualization, legal and operational efficiency, liquidity, standardized documentation, and increased transparency. Disadvantages of CCPs: moral hazard, adverse selection, procyclicality, and credit risk. Risks faced by CCPs: default risk, model risk, liquidity risk, operational risk, legal risk, and investment risk. Default of a clearing member and its flow through effects is the most significant risk for a CCP.

Hedge Fund Strategies：

Long/short equity：go long and short similar securities to exploit mispricings—decreases market

risk and generates alpha.

Dedicated short：find company that is overvalued and then short sell the stock.

Distressed debt：purchase bonds of distressed company with the potential to turn things around.

Merger arbitrage: involves purchasing shares in a target firm and selling short shares in the purchasing firm.

Convertible arbitrage: investor purchases a convertible bond and sells short the underlying stock.掃碼咨詢

Fixed-income arbitrage: long/short strategy that looks for pricing inefficiencies between various fixed-income securities.

Emerging marker：invests in developing countries’ securities and/or sovereign debt.

Global macro: makes leveraged bets on anticipated price movements in broad equity and fixed-income markets, interest rates, foreign exchange, and commodities.

Managed futures: focuses on investments in commodity futures. Employs a high degree of leverage. 【資料下載】點(diǎn)擊下載融躍教育FRM考試公式表

如果想要獲得更多關(guān)于FRM考試的公式，點(diǎn)擊在線咨詢或者添加融躍老師微信（rongyuejiaoyu）！