for those who enjoy swaps, 1 less LOS to worry about fresh errata is posted http://www.cfainstitute.org/cfaprog/resources/pdf/Level_III_Errata.pdf
That LOS is “Compare and Contrast commodity swaps with interest rate swaps, based on their settlement and seasonality.”
doh
But it doesn’t save me any reading, does it?
Nope. it was a paragraph in Stalla, hence probably a page in CFAI
I was hoping for a question on seasonality!!! Corn - Seasonal production & constant demand. Oil Constant production & seasonal demand. That was the question I was going to nail!! I was gonna give the proctor a glare followed by a half smile and a wink just before I put in my answer. I guess all the proctor is going to get now is the panick look on the IPS questions
I love when a new proctor walks into the room and walks up to the otehr proctors and says, “Proctor, Proctor…Proctor, Proctor” and so on.
Thanks for posting this volkovv…I wasnt aware of this errata list.
And proctor.
thanks
i liked it why did they remove it