Example 3 - Self-Evident vs ERD
Does risk transfer being self-evident override an ERD less than 1%? Is it possible to have an ERD less than 1% and have risk transfer be self evident?
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Does risk transfer being self-evident override an ERD less than 1%? Is it possible to have an ERD less than 1% and have risk transfer be self evident?
Comments
I don't think this was explicitly stated in the article, but it is meant that qualitative tests are used when it is not possible to use quantitative tests for some reason. So, generally, if you are able to apply a quantitative test, that would override any qualitative test.