The structure of a Binary Return Note is similar to the one of a regular note, but the coupons are
contingent on return rates on stocks. Quasi-Monte Carlo simulation is used for pricing the product.

We present a pricing model for fade option. A fade option can be more precisely named as “point-barrier option”. The fade option is a vanilla option that exists or dies if a barrier is breached on a single preset date, which is prior or equal to the contract maturity.

Average rate or Asian options have a payoff function proportional to an average rate or price. The average price is calculated over a sampling of specified dates that need not be equally spaced in time. The average price or rate tends to be less volatile than a single underlying price and hence, an option on the underlying average price should be…[Read more]

This article examines how the South African film Bustin’ Bonaparte (2004) presents a
post-apartheid adaptation of Victorian colonialism in Olive Schreiner’s 1883 English novel The Story
of an African Farm. While both narratives utilize the surprising mode of play to unfold competing
racial and gender hierarchies in colonial Africa, Lis…[Read more]

The “Ilfracombe” journals, “Ex Oriente Lux,” and “A Minor Prophet” register the ways
in which George Eliot’s nineteenth-century nonfiction prose and poetry evidence
ecotheological concerns that are proto-environmental, concerns that are also
reflected in some of her novels. Employing an ecocritical methodology, this article
traces the…[Read more]

The article discusses valuation models for the following products: power financial indices swap contracts (PWR-SWAP), power financial transmission rights contracts (PWRSWAP- FTR), power physical delivery contracts (PWR-PHYS) and power physical transmission contracts (PWR-TR-SPREAD). All products have similar valuation structure – index swap (or s…[Read more]

We offer a hybrid (trinomial tree plus semi-analytic formulas) pricing method for FX Double Window Double Barrier option . Currently, the model uses spot implied volatility for the first time window, and forward implied volatility for the second time window. These are Black-Scholes implied volatilities from traded vanilla European options, but,…[Read more]

‘Modernism and Religion’ argues that modernism participated in broader processes of religious change in the twentieth century. The new prominence accorded to immanence and immediacy in religious discourse is carried over into the modernist epiphany. Modernism became mystical. The emergence of Catholic theological modernism, human rights, Christian…[Read more]

आस्ट्रेलिया ने 2021 में मीडिया संस्थानों के हितों की रक्षा के लिए ‘समाचार मीडिया और डिजिटल प्लेटफ़ॉर्म अनिवार्य सौदेबाजी कानून’ बनाया था। 2023 में ऐसा ही कानून कैनेडा में बनाया गया। भारत समेत कई अन्य देश भी ऐसे कानून बनाने पर विचार कर रहे हैं। टेक-कंपनियां ऐसे कानूनों का विरोध करती हैं तथा अपनी शर्तें न माने जाने की स्थिति में अपनी…[Read more]

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]

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]

This is a revised 2023 version of a course was first taught at the University of Massachusetts Amherst in fall 2018. It addresses feminism, gender and sexuality studies, queer theory, and critical race and ethnic studies in conjunction with translation studies.

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]

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]

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.

Accounting requires the ability to forecast conduit administration fees. a simple stationary lognormal model for the fees is presented. Initially, the stationarity of the sweep fees is tested by measuring the level of mean reversion. Using a Dickey-Fuller statistical test the conduits are checked for approximate stationarity. Next, assuming the…[Read more]

This paper aims to analyze the depiction of pedophilia in Humayun Ahmed’s film ‘Pleasure Boy Kômola.’ It concentrates on the social and psychological reasons for this rarely existing sexual practice or perversion and the oppressive consequences it causes on the subalterns in Bangladesh during the colonial period.

This article briefly explores the contemporary heterogeneous song-texts of Taskir Ali (popularly known as Baul Taskir) from Sunamgonj, in the district of Sylhet, Bangladesh. Bauls are nomadic communities in Bangladesh and West Bengal, India, and they express their profound spiritual philosophy and thoughts through their songs and performance.…[Read more]

Cognitive science can help literary scholars formulate specific questions to be answered by archival research. This essay takes as its starting point embedded mental states (that is, mental states about mental states) and their role in generating literary subjectivity. It then follows the transformation of embedded mental states throughout several…[Read more]