LOS 35(a) is optional

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 :frowning:

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. :slight_smile:

Thanks for posting this volkovv…I wasnt aware of this errata list.

And proctor.

thanks

i liked it :frowning: why did they remove it :frowning: :frowning: