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]

This is a history of the Centre William Rappard, the first building designed to house an international organization in Geneva, and its art treasures. For nearly a century, these works of art and decorations offered by governments and institutions encouraged smooth diplomacy and fluent international negotiations in the fields of labour, trade 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.

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).

भारत में फासीवादी नीतियों का नौकरीपेशा मध्यम वर्ग प्रतिरोध नहीं कर रहा। हालांकि, प्रतिरोध की अधिक जिम्मेवारी उन प्राध्यापकों पर है, जो स्वयं को बुद्धिजीवी कहते हैं और जिन्हें लिखने और बोलने के लिए किंचित अधिक नैतिक और कानूनी सुविधा प्राप्त है।

सच यह है कि इनमें से अधिकांश भय से अधिक लोभ के कारण चुप हैं और चुपचाप निजाम बदलने का इंतजार कर रहे हैं…[Read more]

Writing Assessment Literacy (WAL). However, it is neglected in Iranian context. Taking the importance of academic qualification, writing proficiency and teaching experience with regard to writing assessment, the present quantitative study made attempt to investigate the effect of academic qualification, writing proficiency and teaching experience…[Read more]

Word acquisition was one of the important and essential parts for language learning. One of the learning difficulties that many L2 learners at all ages and proficiency levels face was meaningful vocabulary learning and retention as opposed to rote memorization of L2 words. Therefore, this study attempted to investigate the effectiveness of the…[Read more]

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]

This book was a compilation of anecdotes.

This book brings together thirteen contributors from diverse backgrounds – mean and women born in Cameroon, England, Scotland, South Africa, Zambia. What they all have in common is years of service within their respective communities, working individually and within projects and programmes, with both young people and adults to build social c…[Read more]

Chapter 10 Book Review

This paper explores how Bucharest’s cinema-going public perceived the Nazi influence on Hollywood in the 1930s. The aim is to identify how Nazi propaganda was disseminated and consumed in interwar Bucharest and its similarities to the idea of glamour, relevant both to fashion and cinema. Considering the links between Goebbels’ propaganda mac…[Read more]

This is a history of the Centre William Rappard, the first building designed to house an international organization in Geneva, and its art treasures. For nearly a century, these works of art and decorations offered by governments and institutions encouraged smooth diplomacy and fluent international negotiations in the fields of labour, trade and…[Read more]

Teaching role of library staff is studied as established in the national and international professional frameworks and guidelines (CCB, REBIUN, ECIA, ALA, ACRL, IFLA), as well as the main aspects dealt with in professional literature. The specialized and academic publications analyzed deal with aspects such as the evolution of the concept; the…[Read more]

In August 2019, Prof Avijit Pathak and Prof Apoorvanand have written two poignant pieces on the government-sponsored maligning of JNU and the fall of the university, published in The Wire and the Indian Express, respectively. Taking the discourse forward, Forward Press managing editor Pramod Ranjan emphasizes the need for those fighting to save…[Read more]