University of South Carolina
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Latest notes & summaries University of South Carolina
This is a comprehensive and detailed note for final exams. 
 
 
You'll need it!! Definitely!!
This is a comprehensive and detailed note for chapter 23; Digestive system in EXSC 223. 
 
 
It's worth it!!
This note is a comprehensive and detailed one. It gives an in-depth overview of the book Ovid's metamorphoses. 
 
You'll need it!
Chemistry 102 notes and class notes
Department of Finance, Risk 
Management and Banking
RSK4804 FORMULAE 
Expected Loss 
EL = PD x EAD x LGD 
Portfolio return (assuming a portfolio with two assets) 
E(Rp) = W1(R1) + W2(R2) 
Portfolio standard deviation (assuming a portfolio with two assets) 
σp= √x2A σ2A + x2Bσ2 + 2xAxBCovA,B 
Covariance = ρ 
σ1 σ2 
Correlation (ρ) = covariance1,2 / σ1 σ2 
Altman Z-score 
Z =1.2 X1 
 + 1
Question 1 
Explain Probability of default and briefly discuss its uses. (10) 
Suggested solution 
It is a statistical percentage probability of a borrower defaulting√ and it is directly linked 
to credit grades √ 
Uses 
• Quantification of credit risk √ PD facilitates distinguishing the credit risk of 
different asset classes in a portfolio and judging the credit worthiness of the 
obligor. √ 
• Allocation of capital√ if the probability of default is high capital allocation is als...
2 SUGGESTED ANSWERS TO ASSIGNMENTS 
Question 1 
Distinguish between credit risk assessment and credit risk measurement. (10) 
Suggested Answer 
Credit risk assessment 
Is a credit management process that seeks to identify and control risks by 
determining the borrower’s probability of repaying the debt√. Through credit analysis, 
an assessment is made of the borrower’s income, balance sheet, and cash flow 
statements, along with character, capacity, and capital adequacy, all of which are 
...
Event and Venue Management Final Exam (University of South Carolina SPTE Professor Matthew Dunn) Questions With Complete Solutions
Class notes regarding genetic and environmental foundations. These notes include important definitions, concepts, and images illustrating the foundations of influencing development in humans.