The purpose of the model is to calculate the credit spread sensitivity, correlation sensitivity, and default sensitivity via analytic methods for index CDO trades and bespoke CDO trades. The credit spread sensitivity is defined as the change in the MTM by perturbing the credit spread by a small amount; the default sensitivity is calculated by…[Read more]

This paper was presented at “Encounters with the Uncanny in Education” seminar organized by Antti Saari, Jan Varpanen, and Johanna Kallio at University of Tampere. The seminar was part of their EnAct – Researching Environmental Activism and Self-Cultivation research project.

A pricing model for capped-accumulated-return-call (CARC) with volatility surface is presented. Proprietary approaches to interpreting volatility surface are employed during pricing. To accelerate the convergence when low discrepancy sequences are used in Monte Carlo simulation (Quasi-Monte Carlo simulation), the Brownian Bridge Path…[Read more]

In 2023, a new museum opened in Tbilisi, at the Writer’s House of Georgia that previously house the Soviet Writers’ Union: The Museum of Repressed Writers. The museum honours the executed poets from Georgia’s Soviet past, poets whose identities Soviet authorities tried to destroy. This article examines the story the museum tells about Soviet l…[Read more]

In 2023, a new museum opened in Tbilisi, at the Writer’s House of Georgia that previously house the Soviet Writers’ Union: The Museum of Repressed Writers. The museum honours the executed poets from Georgia’s Soviet past, poets whose identities Soviet authorities tried to destroy. This article examines the story the museum tells about Soviet l…[Read more]

This paper compares psychostasia and/or kerostasia concepts from Indo-European, Semitic and adjacent cultures, and relates them to Cognitive Metaphor Theory. In the context of metaphysical weighing, the religions of ancient Egypt, Greece and Rome all associated lightness with goodness and/or a favourable outcome; Hinduism does likewise. The…[Read more]

Line breaks are arguably the defining feature of poetry, in the absence of which a text becomes prose. Consequently, the translation of line breaks is a decisive issue for every poetry translator. Classical and modern literary theorists have argued that the potential for enjambment, which we understand as the effect that makes line breaks possible…[Read more]

Line breaks are arguably the defining feature of poetry, in the absence of which a text becomes prose. Consequently, the translation of line breaks is a decisive issue for every poetry translator. Classical and modern literary theorists have argued that the potential for enjambment, which we understand as the effect that makes line breaks possible…[Read more]

The model serves the purpose of computing basis adjustments for credit spread curves of the constituent obligors of the indexes such that the market price of the index can be repriced exactly. These adjusted index constituent curves are then used to compute index base correlations and mapped base correlations for bespoke trades, price the standard…[Read more]

“Dystopian Surface, Utopian Dream” examines the postethnic and the posthuman in fiction by Maxine Hong Kingston, Octavia Butler, and Isaac Asimov.

The payoff of reverse convertible product involves returns on multiple assets and is conditional on hitting of continuous barriers. The Monte Carlo methodology employed by ESP is an efficient conditioning technique.