• Miami Vice - Season 4 - just in time - I've almost finished Season 3

http://www.amazon.co.uk/Miami-Vice-4/dp/B000P29ASG/ref=sr_1_5/202-3362651-0890215?ie=UTF8&s=dvd&qid=1183020758&sr=1-5

• Fall Guy - Season 1

http://www.amazon.co.uk/Retro-Tv-Fall-Lee-Majors/dp/B000O76ZTY/ref=sr_1_1/202-3362651-0890215?ie=UTF8&s=dvd&qid=1183020873&sr=1-1

http://www.microsoft.com/learning/mcp/architect/database/default.mspx

$25,000 to enroll

Attached is a spreadsheet that shows how the fair value of an index can be calculated. Points to note

• Recovery rate: Used for DV01 calculation. ITRAXX financial subordinated has 20% recovery constituents, ITRAXX has a mixture of senior (40%) and subordinated, and the rest are all senior
• Weight: Usually same for all constituents in an index unless a merger has taken place (i.e. Intesa Sanpaolo SpA).
• Spread: We linearally interpolate the spread if necesary. With the attached example, the S7 ITraxx 5Y XOver matures in 20/06/2012, so we have 4.75 years until maturity (we calculate from next roll date - 20/09/2007).
• Interest rate: Again, use interpolated interest rate - used for DV01 calcs
• DV01 - discussed here http://www.noelwatson.com/blog/PermaLink,guid,5c54efd9-9b42-480a-bb1a-01386a2c9d48.aspx

I've written about this a few times before

http://www.noelwatson.com/blog/PermaLink,guid,33601e55-4ff4-427d-b151-16b470397ba5.aspx

http://www.noelwatson.com/blog/PermaLink,guid,1bfaa336-2aa0-4753-ae71-53b623a4886b.aspx

but the exam on Saturday marked the end of my CQF course. Passing Modules 1-5 exams and completing the Module 6 coursework allows you to obtain a pass, but you need to score more than 80% in the final exam to get a distinction. The results are out in around 2 weeks.

If anyone wants to discuss my thoughts on the course drop me an email.