Two questions:

  1. Do short term funding needs like down payment/donation need their own stage in the time horizon?

  2. Does concentrated position need to be included in the risk objective section. I have seen in mock they dont seem to include it but I remember it included somewhere else (dont know if Schweser or some sample exam)


  1. no. If there is an immediate liquidity need then this does not needs its own time horizon.

  2. not sure what the question would ask for us to need to state that…

  1. Include it in UNIQUE
  1. I think it is included under Unique