IFoA SP10 Practice Questions - IFoA SP10 Banking Specialist Principles Exam

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A bank's exposure at default is GBP 500,000, the LGD is 40% and the 12-month PD is 2%. Ignoring discounting, what is the 12-month expected credit loss?

GBP 200,000 GBP 10,000 GBP 4,000 GBP 40,000

Correct Answer:

GBP 4,000

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