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FRM Part 1 Formula Sheet

The FRM Part 1 Formula Sheet for the FRM exam, free to download and keep. There is no signup, no email wall and no watermark — open it, print it, or keep it beside you while you work through questions.

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What is inside

13 pages.

• 84 formulas in GARP book order: Foundations of Risk Management (12), Quantitative Analysis (23), Financial Markets and Products (26), Valuation and Risk Models (23).
• Each formula carries its notation and a flag on what the question is really testing - a sign, a convention, or an assumption that quietly breaks.
• Exam tips per topic area, including the continuous against discrete compounding trap.
• Focus on expected against unexpected loss, VaR methods, hedge ratio mechanics, hazard rates and reading the Black-Scholes components.
• A closing "Passing FRM Part I" checklist of the formulas worth knowing cold.

How to use it

• Keep it open in a second tab while you attempt free FRM questions, so you are recalling from the sheet rather than from memory at first.
• Cover it and try to reproduce the section you have just read — the recall attempt is what makes it stick, not the re-reading.
• Print it if you study away from a screen. It is laid out to stay legible on paper.

Practise FRM alongside it

A sheet on its own is reference material. It only turns into a mark in the exam once you have used it under question conditions.

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