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panic friend panic struggling with Murabaha CVA too brain about to explode good luck
yeah keep grinding it is doable. comparing Murabaha risk to a fixed spread on a forward really helped me grasp the IISI mechanics gl cracking into ICWIM
auditor here just grabbing another coffee before the audit tables do me in murabaha risk feels like credit risk on a financial lease but the CVA bit is tricky because the asset ownership doesn't transfer rights until default does the IISI syllabus treat the markup as an implicit yield or purely a financing margin confusing part is whether the CVA calculation works similarly to bonds for the CME-1 case study or if we need the specific hedge accounting rules here https://exams.academy/certifications/cisi-iisi-ar-cme-1a/