Exam Calculation Templates

The write-in-full templates for Note 5's exam questions: factor-model risk computations, the MCR/CR/PCR table, risk-model calibration descriptions, the sequence-risk illustration, variable-annuity fee solving, the CVA sketch and the model-risk discussion skeleton. As elsewhere: the marks live in specific steps — the Euler check $\sum CR_i = \sigma$, naming the independence assumptions, quoting the conditional-expectation interpretation — so write them even when they feel obvious.

1. 8.1 Template: portfolio risk under a factor model
2. 8.2 Template: MCR / CR / PCR table
3. 8.3 Template: calibrating a fundamental risk model (describe)
4. 8.4 Template: sequence-risk illustration
5. 8.5 Template: variable annuity fee by simulation
6. 8.6 Template: CVA calculation sketch
7. 8.7 Template: model risk discussion question
8. 8.8 Quick-recall facts