THE AIFMD II HANDBOOK - COMPANION FILES
julianrsterling.com/aifmd

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's workbook, corrected
   The_Reverse_Stress_Test_Computed.xlsx   Chapter 21 and Appendix L
   00_START_HERE.md                        what changed is at the end

2. Blank_Model_Set/  (new)
   The_Reverse_Stress_Test_Blank.xlsx      the same model, every input emptied,
                                           for your own open-ended credit fund
   Fund_Scoping_Table_Blank.xlsx           Chapter 2 and Appendix B, computed:
                                           leverage with covered facilities
                                           excluded, the 50% test, the cap, the
                                           markdown that breaches it, and the
                                           write-down that carries a fund
                                           across the threshold
   Each checks sheet counts what is still missing and tests what holds for any
   inputs. The book's figures are in book_inputs.txt.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the fund scoping worksheet, the LMT selection
   paper, calibration and back-testing, activation and the investor letter,
   the liquidity stress test and the one line, the loan origination
   checklist, the credit paper and the file walk-through, the retention
   register, the delegation oversight file, the third-country register, the
   fee inventory, the Annex IV data dictionary, and the board status with
   the calendar and the five tests. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Breach_Nobody_Decided.xlsx              Chapters 6, 13 and 21
   Case_2_The_Levy_That_Forgets_The_Leverage.xlsx     Chapters 10, 13 and 21
   Case_3_The_Threshold_That_Moves_On_Its_Own.xlsx    Chapters 5, 13 and 21
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
Orientation, not legal advice: the domicile's transposing law decides.
