像这种现金流，最后一年的给付是不是先给senior 本息之后再给下一层的本息。

这个题的B，如果说加上短期就表述对的话，那不加短期，不就表示全部的负债，不应该更对吗

I cannot understand why the EL come out? Can u explain in detail in formula? Then substitute the numbers?

Can u further explain answer b in detail? Why is it incorrect? And what is roll rate model? Pls explain in Chinese

为什么最后要除以二？

Can u realized gain included in T1 capital? If not why? And is it for T2?

C - for Basel 3 operation risk, do we still have BIA? Isn’t it replaced by Sma?

var swap 老师课上说pay fix与receive fix相抵，我问下，这两者的标的一个是index 一个是stock（变动的大小不一样）怎么能相抵呢？

Q63 a assume correlation =1 and no diversification benefit. How ever when we measure market risk charge on standard approach for Basel one , we assumed correlation =0 for each asset type With no diversification, why is that?

beta为什么是指数的？我之前有提问过，老师解答beta和标准差都是组合的！