We present a model for pricing an exotic swap where one party receives a fixed amount and makes a series of variable payments at the end of each pre-defined calculation period. The variable payments can be modeled as Asian put option payoffs on the weighted sum of two respective commodity basket levels. Furthermore, each basket level consists of a…[Read more]

New research shows that cultural and heritage tourism is worth around $6.3 million per year to the Camden Local Government Area.
Within cultural and heritage tourism storytelling is an essential feature of the visitor experience.

A model is present for pricing an Equity Asian Swap. One leg of the swap pays the return from a monthly average of the S&P TSE60 index less a constant strike. The payment from the other leg is similarly defined for a stock. The payments are tied to notional amounts that are specified according to two pre-determined monthly schedules. Most of the…[Read more]

The article takes account of the colonial archives and analyses the strategies of colonizers, which brought about not only the new forms of knowledge in India but also restructured the society and statecraft here. I argue that the colonial administration developed the public instruction department to impart a new character to the natives and used…[Read more]

Unlock Camden is a history festival celebrating the Camden story through walks, art, images, stories, and other activities. Events are centred around the Alan Baker Art Gallery Macaria in the historic John Street precinct, Camden NSW.

Tulad ng naobserbahan ng mga may-akda ng artikulong “Beyond the Group Mind: A Quantitative Review of the Interindividual–Intergroup Discontinuity Effect” na inilathala sa Psychological Bulletin, Tinatayang sa huling dekada pa lamang ng ikadalawampu siglo, ang mga nakamamatay na digmaan ng mga lugar tulad ng Rwanda, Bosnia, at Ethiopia ay kumitil n…[Read more]

A variance/volatility swap is an instrument that allows explicit exposure to the realized variance/volatility of an index, stock, etc., without exposure to other risks commonly encountered with derivatives: delta, gamma, etc.

We review the equity forward and futures pricing models. Consider an index level, I, at a future time, T. With respect to I, we calculate 1) the forward price, 2) the futures price, and 3) delta.

A valuation model is presented to calculate price, hedge ratio, and implied volatility for forward starting European calls and puts. The model focuses on the numerical accuracy of the implementation.

The model calculates numbers that characterize the effect of adding an extra instrument to a portfolio of loan commitments. To be useful, these numbers should be additive with respect to the facilities making up the portfolio, so that their total would have the same meaning for the portfolio as each individual number has for the respective…[Read more]

In modern understanding, a crisis can be an event or a period of (or leading to) an unstable or dangerous situation. It can affect an individual, a group or the whole society. However, a crisis is not only a threat, it also implies the need for (and the chance for) change and improvement. Historically, the term was borrowed from Greek…[Read more]