Models from advisors that aren't linked
Still new to PE, and I got a hardcoded model from a sell-side advisor. They have a linked model (i.e. they broke the links and gave us the resulting output) but will only release the linked version to those who make it past NBO stage. 2 questions occurred to me:
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Is this a common practice based on anyone's experience? And if so, what's the rationale? For context, I'm based in Asia.
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How do folks here deal with such models? Do you re-build your own linked version, or try to link the version you got? If you're doing the latter, any advice on doing so efficiently, especially for models that are detailed?
This is helpful thanks
Cheers, very helpful. Just bugs me cos it doesn't feel like a good use of one's time to have to re-link or re-build a model.
When you started out in PE, were you given guidance on when to relink/rebuild, or was it a sense you built up yourself over time/based on your banking experience?
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