Equity value at risk (VaR) model requires implied volatilities with respect to various indices and maturities, which range from three months to five years. A model is presented for generating a term-structure of implied equity index volatilities for use in calculating VaR.

A model is used to price a derivative whose payoff depends on returns over N periods on a shrinking basket of originally N assets. Each period, the worst return is added to the cumulative sum after being capped and floored, and the corresponding asset removed from the basket (hence a shrinking basket). The cap and floor rates are given for each…[Read more]

Credit value at risk (VaR) is used for measuring and analyzing credit risk of a portfolio. The basic methodology of the Credit VaR employs the credit migration approach spearheaded by RiskMetrics. It assumes that obligor’s credit quality is determined by the obligor’s asset value, which in turn is approximated by its standardized equity return.

This paper aims to examine models by which symbolism of light and lamp in
the Mediterranean region was manifested in the early Christian visual culture,
i.e. lamp representations from Central Balkans. Lamps with Early
Christian representations are considered in the context of transculturality
of Late Antiquity, as well as political and…[Read more]

This paper aims to examine models by which symbolism of light and lamp in
the Mediterranean region was manifested in the early Christian visual culture,
i.e. lamp representations from Central Balkans. Lamps with Early
Christian representations are considered in the context of transculturality
of Late Antiquity, as well as political and…[Read more]

Elements of Christian visual culture appeared in
various media in monumental and applied art during the late
antique period, from painted decoration in the catacombs,
through funerary monuments, to utilitarian objects such as
jewellery and lamps. The paper analyses the symbolic meaning
of fish and maritime motifs in the context of the late…[Read more]

On a number of pilgrimage objects from Late Antiquity, St Thecla, a highly revered saint, also known as Thecla the Protomartyr, is shown accompanied by St Menas, whose tomb in Egypt was the pilgrimage centre associated with healing miracles. The saintly couple appear in ad bestias compositions or in a simplified variant as two saints with a cross.…[Read more]

The Sydney Harbour Bridge is an icon on the Sydney urban landscape. The bridge is an engineering marvel of modernism and the early 20th hope of a new nation.

In 2023 there is a vacant lot in central Menangle with a security fence. The reconstructed hall is proposed to open in 2024. On the security fence is an information sign with the hall’s history, what is happening, funding and building timeline. The information signage on the site security fence states: The existing hall is unusable due to…[Read more]

The Campbelltown Arts Centre is holding the Fibro Majestic Exhibition from 8 July to 13 August 2023 with free entry. The exhibition celebrates the heritage of the fibro house in Australia.

In 2017 the Camden Historical Society celebrated its 60th anniversary. Society president Dr Ian Willis gave an anniversary address at the Camden Library Museum complex on 24 July. Founded in 1957, the aim of the society has been to tell the Camden story and the local identities and events that are part of it.

The art installation The Tree of Life by sculptors Gillies & Marc celebrates the endangered Camden White Gum. The sculpture is located adjacent to the entry of the Camden Council administration building at Oran Park. The work was commissioned by the council in 2016 for the opening of the new office building.

We present a model for pricing a credit derivative product where party A has sold default put protection on a Euro denominated bond. Specifically, upon bond issuer default, party A must pay to party B a notional amount of 10 million USD (excluding accrued interest). In exchange, party B must pay a fixed rate to party A, on a quarterly basis,…[Read more]

We present a valuation model for pricing a gold derivatives trade. The trade can be structured to synthesize a typical gold-miner’s hedge, specifically, a swap in which one party receives long-term interest rates and pays a blend of short-term interest rates and short-term gold lease rates.

We present a model for pricing a path-dependent, equity-linked payoff. Here a bounded price return is calculated from an underlying index at certain pre-specified dates. The total return at maturity is given by the sum of the bounded price returns above, but where a specified number of the highest of these returns are set to a cap value.

A model is presented for pricing an American call option on stock. The option tenor is n years, and its strike price is increased every anniversary. It has also the following feature: if the stock price stays in excess of 200% of the current strike price during 10 consecutive trading days. The seller can issue a notice to the buyer that one half…[Read more]

In 2022 the Wollondilly Shire Local Planning Panel approved the demolition and reconstruction of the Menangle Community Hall. The Menangle Community Association originally lodged the Development Application with Wollondilly Shire Council in July 2021. The Menangle Community Association originally is managing the Menangle School of Arts project.…[Read more]

1. Motivation: Spiritual beliefs as a Drive or Motivation.
When you talk to “spiritual people” – spiritual beliefs are not just a motivation but a very profound source of inspiration and a powerful drive. In contrast spirituality as a motivation is conspicuously absent from much of academia proper. Beginning in 2017, I did substantial research.…[Read more]

The focus of this study is on the influence of urban ‘woods’ on people’s quality of life in disadvantaged neighbourhoods investigated via the lens of architecture in a Sub-Saharan metropolis. The new intra-Covid Urban Agenda acknowledges that current urban and state-wide resilience management plans, policies, and practices of neighbourhood are…[Read more]

Einstein observed, “Try and penetrate with our limited means the secrets of nature and you will find that, behind all the discernible laws and connections, there remains something subtle, intangible and inexplicable. Veneration of this force beyond anything that we can comprehend is my religion. To that extent I am, in fact, religious.” As the p…[Read more]