Based on the Hull-White single-factor tree building approach, respective trinomial trees are constructed for the short-term interest rate and stock’s price processes. Using the Hull-White two-factor tree building procedure, a combined tree is constructed by matching the mean, variance and correlation corresponding to each combined tree node. T…[Read more]

Two parties have established Securitization Partnership (the “Partnership”), to distribute and administer the mutual funds. Under the agreement the Partnership will finance the commissions to brokers selling mutual fund units on a deferred sales charge basis and, in exchange, will receive mutual fund distribution, administrative and redemption fees.

We propose a model for pricing a convertible bond (CB) where the issuer’s stock price is possibly denominated in a different currency from the bond’s coupon currency. We use a three factor, trinomial tree based model for pricing the CB.

A forward starting option is an option whose strike price is not fully determined until an intermediate date before expiration. A model is used to compute option price, Delta, Gamma, Hedge Rho, Discount Rho, Vega and Theta.

We present a model for calculating the price of European call and put options in the domestic currency on an underlying foreign equity with tenor up to 7 years. The calculation include option price, Delta, Gamma, Hedge Rho, Discount Rho, Vega, Theta.

This article presents analytics for pricing quanto Himalayan options on equity, where the single best return is locked in each fixing period. Specifically, we considered the impact of the quanto adjustment term on calibration and the computation of option premium and hedge ratios

The valuation methodology is based on the Monte Carlo spot LIBOR rate model. The model generates spot rates which log-normally distributed at each reset date. These spot rates are derived from corresponding forward rates whose stochastic behavior is constructed in an arbitrage-free manner. Outcomes for the spot rate are generated for each reset…[Read more]

Payoff for equity GIC requires a dynamically created basket such that the weight factors incorporate a division by the spot levels on the issue date, which converts the payoff to one based on a basket of comparative returns (rather than basket returns). To automate feeds on a daily basis we will need to create new baskets on a daily basis.

Nigeria as a developing country is on the fast track to the attainment of development, or supposedly so. In this endeavour, priority is inevitably placed on science and technology as the only routes for the attainment of this dream. Such one track minded disposition is mouthed to the exclusion of other factors that contribute to the development of…[Read more]

The drama of the Niger Delta region has enjoyed robust scholarship. This essay interrogates J. P. Clark-Bekederemo’s drama against the cultural milieu of the region and tries to investigate the connections between the rich folklore of the area and the wealth of poetry and imagery contained in his drama. The essay investigates the terrain,…[Read more]

Purpose: This study aims at justifying the affiliation of the massive transformative purpose as an important item in the aggregate of the proclaimed corporate culture elements. For this reason the bundle of shades in the meaning for the massive transformative purpose will be explored, bearing in mind the main researcher’s interest in outlining t…[Read more]

The spread of the Omicron variant this winter was met with renewed calls for the UK Government to fund the arts and culture through the Sars-CoV-2 pandemic and beyond. ‘We are in crisis mode’, Nicolas Hytner, former artistic director of the National Theatre, told the BBC’s Newsnight programme. ‘We need to see short-term finance, we need to see loa…[Read more]

The current article explores and assesses the coming into being of new business culture characteristics due to the extreme conditions of Covid-19 pandemic. Based on conducted focus group with students in Organizational culture module and performed subsequent literature review of scientific and professional literature, and blogs/ sites of opinion…[Read more]