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]

Motivación: Creencias espirituales como Impulso o Motivación.
Cuando hablas con “personas espirituales”, las creencias espirituales no son solo una motivación, sino una fuente muy profunda de inspiración y un impulso poderoso. En contraste, la espiritualidad como motivación brilla por su ausencia en gran parte de la academia propiamente dich…[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]

Public art at Campbelltown has been used to lift and invigorate run-down parts of the city centre. The City Council has commissioned murals to brighten otherwise dull streets and laneways.
The city has effectively adopted the definition of public art from the Australian Centre for Contemporary Art. This position states that public art is ‘an…[Read more]

The Burragorang Valley is one of those lost places that people fondly remember from the past. A place of imagination and dreaming where former residents fondly re-tell stories from their youth. These places create potent memories and nostalgia for many people and continue to be places of interest. They are localities of myths and legends and…[Read more]

We present a valuation model for pricing two asset barrier options on commodity futures. Applications to commodity futures have a number of specific. The analytical valuation formulas are also implemented. The payoff of a two asset barrier options is made against one of the assets, while the other asset is used to trigger the barrier.

The National Herbarium of New South Wales wins the AILA 2023 NSW Australian Institute of Landscape Architects Awards in the category of Health & Education. Designed by Australian architects and design studio Architectus the building was inspired by the seed pod of the waratah, the floral symbol of NSW. This is one of the newest facilities at…[Read more]

Forest conservation is a very important concept across the world. It is not only crucial for climate change but also very critical for the survival of humanity. In Africa, forests have always been an important aspect of nature that is regarded with uttermost reverence and
care. Importantly, discussions on health, healthcare, culture, economics…[Read more]

A two-asset barrier option is a European style option whose value is determined by two underlying assets. One asset, S1, determines the payoff function, and the other, S2, knocks the option in or out if the S2 value crosses the barrier.

A Market Mix GIC is a type of guaranteed investment certificate, which offers a return based on a corresponding GIC rate and the performance of a basket of certain stock and bond market indices. The payoff at maturity from a Market Mix GIC can be shown equal to the invested principal plus this principal times the sum of the minimum guaranteed…[Read more]

The Market Mix GIC is a type of guaranteed investment certificate, of 3- or 5-year term, which offers a return based on a corresponding GIC rate and the performance of a basket of certain stock and bond market indices. To determine the rate of return, the percentage change in each index level from the initial level is calculated. Here the initial…[Read more]

A pricing model was developed for pricing a total return swap between two parties. Here party A receives LIBOR plus a spread, but pays out the equity dividends arising from a collateralized loan obligation (CLO).

Due to subjectivity in oral assessment, much concentration has been put on obtaining a satisfactory measure of consistency among raters. However, obtaining consistency might not result in valid decisions. One matter that is at the core of both reliability and validity in oral performance is rater training. Recently, the Multifaceted Rasch…[Read more]

Digital Humanities has become a “hot” topic in academia over the last few years (as of 2012), primarily in research and scholarship. While many push forward into new realms of using technology to articulate cool findings, others at non research intensive universities are moving forward with engaging their undergraduate students in var ious for…[Read more]