graham
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The most recent version of the MCT reading defines these variables slightly differently, but that is not the version that's listed in the syllabus. The syllabus references an older version of that reading.
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Lol.
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Ok, I deleted that information by enclosing it in a red box. See here: * https://battleactsmain.ca/wiki6c/CIA.IFRS17-PAA#Section_1:_Introduction
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@miguel - here is the table:
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Hopefully that particular problem is all wrapped up then!
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Actually, I've posted my own Excel version of this problem with a step-by-step solution and 4 extra practice problems. Both the source text and the CAS sample solution have errors. You can download it from this wiki page: * https://battleactsma…
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I wonder if was even intentional that they did that, but it's probably good to keep it in mind.
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That is correct. The Supreme Court was not mentioned in the study kit article for that case.
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That was a good idea to insert the "t".
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I do have the Fall 2022 syllabus but we maintain a "Syllabus Changes" wiki page at the link below. That should have the info you need. If not let me know: * https://battleactsmain.ca/wiki6c/Returning_Users_6C
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Interesting. They inserted a "t" in the abbreviation for Future Cash Flows to distinguish it from FCF or Fulfillment Cash Flows. @rlohoida - Where did you find this diagram? (ChatGPT? Joke. ) But actually, I am curious where you found it.
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P.S. @miguel - If you can do the problem the way it's presented in the text then you should be fine on the exam. I suspect some of these issues will be cleared up in subsequent versions of the MCT and CCIR readings.
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That exam question is out-of-date. It was covered in the pre-IFRS17 version of the MCT reading. The phase-in period was from 2014-2022 and now that we are in 2023, the phase-in period is no longer relevant. You can see which exam problems are outdat…
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P.S. I doubt the exam would ever ask you to perform a calculation related to reverse stress testing, although they have asked you to describe it in words. With no specific examples provided, there's not much more you can do. The most likely calcu…
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Fixed, thx! (That sentence has been removed.) Here's the direct link: * https://battleactsmain.ca/wiki6c/OSFI.MCT-IFRS#.285.6.29_Other_Market_Risk_Exposures
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The syllabus is indeed confusing regarding what is included and what is excluded. The exclusions are listed near the top of the wiki article for MCT: Also, each section in the wiki lists the relevant exclusions: And for Chapter 6, I've…
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Only the CAS can answer this definitively but here is my educated guess on how they would ask a question: * For an MSA question they should give you the information using the pre-IFRS 17 definitions. They can't really do anything else because t…
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I disagree! Your hint was very useful... in making me chuckle. That means it's a good hint! For others reading @ChristoRoyer's post, it refers to this: * https://battleactsmain.ca/wiki6c/AB.TNC#Section_A:_Intro And I have linked to your …
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Thank you on behalf of all future Exam 6C candidates. It's a true crowd-sourcing effort! And I have also linked to this discussion from this location in the wiki: * https://battleactsmain.ca/wiki6c/PACICC.Comp#Explanation_of_2015.Spring_.2313
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You are correct, thx! I have edited the wiki to reflect that here: * https://battleactsmain.ca/wiki6c/PACICC.Comp#Intro_and_Basic_Facts
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Thanks, that was an oversight. I have indicated that it isn't on the syllabus any longer and have flagged it as outdated in the BattleCards. (It was only inserted for 2022-Fall and then removed for 2023-Spring! I wonder if they will put it back f…
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@Staff-T1: So, just to make sure we're all looking at the same thing - it's the second bullet point quoted by @wilsonchan18 in the top post, which is copied from the examiners' report for part (c) of this question (2016-Spring Q22): * https:…
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Fixed! Thx! Link to quiz... * https://battleactsmain.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&prefix=CCIR&suffix=Instructions§io…
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I want to say yes to your question but this is a case where I really wish the source text had a better example to illustrate how the calculation is done. Having said that, most of the material on foreign exchange risk was removed from the syllabu…
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Hola @victoriadiaz! There is no example in the text from section 5.2.1 but an exam question should tell you the net long position or net short position. You would then do the 10% calculation separately for each currency and sum the result. The se…
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Here's my 2 cents and I could be wrong but... I would be absolutely shocked if there was any kind of exam question from Section V. It's 71 pages and contains no concepts - it's just a long, detailed list of filing requirements. And you already…
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The way I interpreted the file is as follows. Here is what's shown for the FCF formula on the "Approach" page of their Excel file: But on the "AppendixA-EndOfYear" worksheet, the formula for FCF shown in the cells in column (24) is different.…
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Ok, I've clarified that, thx.
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As far as I can tell, there has never been an exam question on anything except the "Detailed Instructions".
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Yes, it is confusing @miguel. I will let @Staff-T1 give you a more detailed explanation since he has addressed this issue before.