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.

This chapter examines the relationship between American Westerns and Brazilian Nordesterns, films set in the arid northeastern region known as the sertão. US cultural and economic imperialism, in Brazil and throughout Latin America, is both cause and effect of persistent underdevelopment. The northward flow of natural resources has long been…[Read more]

Akira Kurosawa’s 1963 police procedural is, as its title suggests, intensely interested in the socioeconomic valences of spatial relationships, literalized in Yokohama’s affluent hills and its low-lying slums. The central conflict between inhabitants of these two spaces articulates this local topography into a global framework, in which con…[Read more]

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.

Surround sound is often mistaken as a relatively new phenomenon in cinemas, one that emerged in the 1970s with the arrival of Dolby. Making Stereo Fit reveals that, in fact, filmmakers have been creating stereo and surround-sound effects for nearly a century, since the advent of talking pictures, and argues that their endurance owes primarily to…[Read more]

La publicación académica no ha sido objeto de reflexión filosófica, pese a que en las formas que toma actualmente este artefacto cultural está en juego la posibilidad misma de la filosofía, al menos en tanto práctica profesional en el contexto de una economía capitalista del conocimiento. En este capítulo buscamos ofrecer una aproxima…[Read more]

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]

La Iglesia Católica en Cuba, guiada por los principios emanados desde la Santa Sede y la Doctrina Social de la Iglesia, desarrolla su acción social y de evangelización adaptada a las particularidades de la nación y su cultura. No obstante, se enfrenta a considerables desafíos en su labor comunicativa debido a la infraestructura limitada de Inte…[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]