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Re: CFA Candidates In The House by Mustay(m): 11:26am On Apr 13, 2008
@ peace land, the name of the place I wrote about is CBA academy. They have a centre located in V.i. Their website is www.cbaacademy.com
Re: CFA Candidates In The House by Mustay(m): 11:28am On Apr 13, 2008
@ peace land, the name of the place I wrote about is CBA academy. They have a centre located in V.i. Their website is www.cbaacademy.com
Re: CFA Candidates In The House by candylips(m): 2:33pm On Apr 13, 2008
lowee231:

A trader enters into a short position of 20 futures contracts at an initial futures price of 85. Initial margin, per contract is N7.50. Maintenance margin per contract is N7.00. Each contract is for one unit of the underlying asset. Over the next three days the contract settles at N86, N84.25, and N85.5. Assuming the trader does not withdraw any funds from his/her margin account during the period, but does post variation margin sufficient to meet any maintenance margins calls, the balance in the margin account will be

A $150.00 at initiation and $140.00 at settlement on Day 3
B $150.00 at initiation and $150.00 at settlement on Day 3
C $150.00 at initiation and $165.00 at settlement on Day 3
D $140.00 at initiation and $150.00 at settlement on Day 3



Maintenance margin = 20 * 7.0 = 140
0 day margin = 20 * 7.5 = 150
1st day margin balance = 150 + gain where gain is (86-85)*20 = 170
2nd day margin balance = 170 - loss where loss is(86-84.25)*20 =135 - this is below maintenance margin so a margin call is made
3 rd day variation margin deposit = 5
gain = (85.5 -84.25) = 1.25 * 20 = 25
Total balance is 135 + 5+25 = 165


Ans is C
Re: CFA Candidates In The House by topssy(m): 10:42pm On Apr 13, 2008
Hi guys,checkout my site www.destinyndreamz.co.uk
Re: CFA Candidates In The House by lowee231: 3:46pm On Apr 16, 2008
Candylips
Sorry but your wrong.

Hint you are not treating it as a a short contract
Re: CFA Candidates In The House by candylips(m): 9:44am On Apr 17, 2008
if short i think it should be (b)

ist day 150 - 20 = 130 below margin so add variation margin of 10

2nd day 130 + 35 +10 = 175

3rd day 175 -25 = 150
Re: CFA Candidates In The House by lowee231: 10:31am On Apr 17, 2008
on the right track
but when depositing a variance margin for a futures contract as opposed to a stock account u bring it up to the initial margin not the maintenance margin
Re: CFA Candidates In The House by candylips(m): 5:47pm On Apr 17, 2008
Dude if i bring it up to the initial margin i get 160.

Abeg wetin be the correct answer
Re: CFA Candidates In The House by lowee231: 7:33am On Apr 18, 2008
that is actually the correct answer its from the CFA text book.
They made an error in the question.
So how has the reading been, any suggestions, hints d day is getting closer
Re: CFA Candidates In The House by candylips(m): 11:33am On Apr 18, 2008
i see.

i ve finished reading the texts and should be starting revision shortly
Re: CFA Candidates In The House by Tolulop001(f): 2:05am On Apr 19, 2008
i know the thread is not for me but due to i plan to write June 2010. this may sound too far off but im a student and that is where it fits in my 5 year plan, lol,
pls any tips for a youngster ike me,
i also have little or no knowledge in stuff life the cfa content so are there materials i can go thru before the real thing
also will this qualification be as relevant in 3 years time?
thanks a lot
Re: CFA Candidates In The House by lowee231: 12:31pm On Apr 19, 2008
start studying
what are U majoring in at University.
qualifications will always be relevant as far as u know what you're doing and know how to do what ever u do
Re: CFA Candidates In The House by lizsuccess: 1:43pm On Apr 21, 2008
I am going to write the CFA level one exams in December. Is there anywhere I can receive lectures in Nigeria or can I pass if I read on my own.
Re: CFA Candidates In The House by lizsuccess: 1:52pm On Apr 21, 2008
Hi,

which is the best, LIFA or CFA?
Re: CFA Candidates In The House by Mustay(m): 3:20pm On Apr 21, 2008
read previous posts to see the lecture houses in 9ja.
Re: CFA Candidates In The House by lizsuccess: 4:53pm On Apr 21, 2008
@ mustay

thanks for replying
Re: CFA Candidates In The House by bakre(m): 11:06pm On Apr 21, 2008
@Lizsucess
               Please,if u can meet the expense of CFA,go for it.It's highly recognised all over the world than LIFA.However,u can write the two. I had done LIFA too and i passed.
Re: CFA Candidates In The House by bakre(m): 11:14pm On Apr 21, 2008
@lizsuccess
                You can read on your own and pass the exam.it all depends on u.All u need to get is the material,video lecture,TI calculator.time and total dedication and God also.u can contact me for any of the material.Tokunbo 08039307507.Its unfortunate we don't have any plan for December 2008 lecture.However,u can read on your own and pass.
Re: CFA Candidates In The House by Tolulop001(f): 8:02am On Apr 25, 2008
lowee231:

start studying
what are You majoring in at University.
qualifications will always be relevant as far as u know what you're doing and know how to do what ever u do
im actually in my final year studyin medicine but i dont wanna go that line
Re: CFA Candidates In The House by candylips(m): 12:02pm On Apr 25, 2008
From medicine to finance. Wow thats a drastic change.

Medicine is still a very noble safe profession. I will probably advice you to stick to it.
Re: CFA Candidates In The House by bakre(m): 10:24pm On Apr 25, 2008
i reason with u candidlips but she might have a cogent reason .I know of a medical doctor that  is writing the exam.So,Its all depends on her sence of effectiveness
Re: CFA Candidates In The House by Tolulop001(f): 8:38am On Apr 26, 2008
bakre:

i reason with u candidlips but she might have a cogent reason .I know of a medical doctor that  is writing the exam.So,Its all depends on her sence of effectiveness

candylips:

From medicine to finance. Wow thats a drastic change.

Medicine is still a very noble safe profession. I will probably advice you to stick to it.


the thing is i feel im my heart of hearts that this is what i want to do, i know it is drastic, but i really am motivated at this time. i believe il be feeling the same way 2 years down the line nd i really want to be prepared for the exam. thanks. any more advice will be appeciated,
Re: CFA Candidates In The House by lowee231: 7:24pm On Apr 26, 2008
Always follow ur heart
Re: CFA Candidates In The House by candylips(m): 10:06pm On Apr 26, 2008
Tolulop001:

the thing is i feel im my heart of hearts that this is what i want to do, i know it is drastic, but i really am motivated at this time. i believe il be feeling the same way 2 years down the line nd i really want to be prepared for the exam. thanks. any more advice will be appeciated,



Then its not worth wasting your time studying for 7-8 years if you are not going to go into practice.
Re: CFA Candidates In The House by Tolulop001(f): 10:11pm On Apr 27, 2008
candylips:

Then its not worth wasting your time studying for 7-8 years if you are not going to go into practice.

welll candylips no experience is ever wasted, i could as well have studied a 4 year course and then decided to go into something else. the only reason i need this is because i have no prior experience in investments. and its 6 years not 7-8years!
Re: CFA Candidates In The House by bakre(m): 5:13am On Apr 28, 2008
follow ur heart and start early.Best of luck.
Re: CFA Candidates In The House by bakre(m): 5:24am On Apr 28, 2008
the only reason i need this is because i have no prior experience in investments. and its 6 years not 7-8years![quote][/quote]

@Tolulope
Then u can go for diploma in finance or MBA rather than CFA.Obviously,this will save your time and also give u basic knowledge about investment.(eg,Corporate finance,Financial statement analysis,QA,etc)
Re: CFA Candidates In The House by lowee231: 8:15pm On Apr 28, 2008
I totally agree with Bakre
If u r serious about it take a finance course and see how it feels.
Because by the time u get into the nitty gritty u might end up hating urself. Try starting gently and slowly ease urself in.
Re: CFA Candidates In The House by wyt(m): 11:31am On Apr 29, 2008
just to hail the june writers, be back to u
Re: CFA Candidates In The House by Mustay(m): 11:52am On Apr 30, 2008
@ TOLU

cheesy cheesy cheesy

THERE'S NOTHING WRONG THERE AS LONG AS YOU ARE REALLY INTERESTED IN FINANCE.

AFTERALL, WHAT DO THE ACCENTURE GUYS DO THESE DAYS/

ISN'T IT TO TURN ENGINEERS INTO ACCOUNTANTS?
Re: CFA Candidates In The House by Tolulop001(f): 12:06pm On Apr 30, 2008
bakre:

the only reason i need this is because i have no prior experience in investments. and its 6 years not 7-8years!


@Tolulope
Then u can go for diploma in finance or MBA rather than CFA.Obviously,this will save your time and also give u basic knowledge about investment.(eg,Corporate finance,Financial statement analysis,QA,etc)
well ill see how it goes, bakre, i think ill look for a basic course first of all and then see how it goes before jumping into cfa just like that. Any ideas of diplomas and the like in investments and all? they would be highly welcome
i understand that it would be tough but i believe that if i put my heart into it i can make it work, at least i can say that for medical school and i think the same rules apply
Re: CFA Candidates In The House by lizsuccess: 8:43am On May 05, 2008
I am writing level in December and I have already registered. Is there anyone writing Level 1 in December?

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