FINANCIAL RISK MANAGEMENT - COMPANION FILES
julianrsterling.com/risk

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's four workbooks, corrected
   The_Four_Numbers.xlsx                  Chapters 4, 9, 12, 13 and 14
   VaR_ES_and_the_Backtest.xlsx           Chapters 4 to 7
   The_Stress_Book.xlsx                   Chapters 8 to 10 and 16
   Liquidity_and_the_Redemption.xlsx      Chapters 12 to 15
   00_START_HERE.md                       what changed is at the end
   Each workbook closes on a Checks sheet: 96 checks in all, every one PASS.

2. Blank_Model_Set/  (new)
   The four workbooks with their 151 inputs emptied, for your own fund.
   Each Checks sheet counts what is still missing and tests what holds
   for any inputs. The book's figures are in book_inputs.txt: type them
   back in and the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the four numbers and the fifth on one page,
   value at risk one step at a time, the correlation memo, the backtest
   log, the horizon note, the three outcome levels, the scenario
   calibration, the financing lines, the reverse stress, the selling-
   policy decision record, the cost of the exit, the swing pricing memo
   and the queue, and the liquidity report. 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_Horizon_The_Book_Takes.xlsx        Chapter 7
   Case_2_Five_In_One_Week.xlsx                  Chapter 6
   Case_3_The_Redemption_After_This_One.xlsx     Chapters 9, 14 and 16
   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.
