The valuation makes the assumption that the future values of these parameters will be unchanged until the final payment date. Subsequently, the calculator performs a deterministic computation consisting of calculating the future cashflows in the waterfall and discounting them.

A convertible bond with exchangeable feature, which can be converted into a stock issued by a party different from the bond issuer. Assume that the stock conversion is vulnerable. If the bond-issuer has defaulted by a time, t , then the stock price is zero. If, on the other hand, the bond-issuer has not defaulted by time t , then the stock price…[Read more]

मार्च, 2022 में एक अमेरिकी कॉलेज में 50 साल की सजा काट कर जेल से पेरोल पर छूटे ब्लैक पैंथर के सदस्य को भाषण देने के लिए बुलाया गया था। श्वेत-श्रेष्ठतावादियों ने कार्यक्रम का जोरदार विरोध किया, लेकिन कॉलेज ने कार्यक्रम रद्द करने से इंकार कर दिया। कालेज ने इस कार्यक्रम से कथित तौर अपनी भावनाएं आहत होने का आरोप लगाने वालों को मान…[Read more]

The Brownian Bridge algorithm belongs to the family of Monte Carlo or Quasi-Monte Carlo methods with reduced variance. It generates sample paths which all start at the same initial point and end, at the same moment of time, at the same final point.

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.

[COMPLETE OPEN-ACCESS CURRICULUM INCLUDED] ReMobilizing the Future is the third project in the ReImagining the Future series launched by Greenbacker Capital and Global Citizenship Experience Lab School. By asking “how can we design a sustainable future?,” the purpose of this project is to understand the systems and policies that facilitate and…[Read more]

Chapter Abstract Submission Deadline: 1 December 2022
Fashioning the ‘Little Parises’ of the World. Interlaced National Symbols
Book edited by Dr. Sonia D. Andraş (The “Gheorghe Şincai” Institute for Social Sciences and the Humanities, Târgu-Mureş, Romania)

As Vogue Paris, the only edition containing a city name, became Vogue France, the…[Read more]

[COMPLETE OPEN-ACCESS CURRICULUM INCLUDED] ReDesigning the Future is the second project in the ReImagining the Future series launched by Greenbacker Capital and Global Citizenship Experience Lab School. By asking “how can we design a sustainable future?,” the purpose of this project is to understand the grand challenges we must overcome to achieve…[Read more]

La formación del ser humano constituye una de las acciones más amplias y complejas, constituida como un acto multidimensional de maestros y discípulos que animan a una comunidad, en este caso, la universidad. Esta institución es un espacio de búsqueda del saber y el conocimiento. Su esencia de enseñanza y aprendizaje ha construido unive…[Read more]

I’m a disability activist and musicologist with multiple sclerosis (PhD, Musicology, Cornell, 2014). I’m unaffiliated due to discrimination against my disabilities. However, I often give guest lectures, both virtually and in person. My speaking engagements help to advance diversity and representation in academia: I offer students the opportunity…[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]

Innovative university libraries need to create suitable environments to provide training in media and information skills. The WebQuest is a teaching resource adaptable to any educational level which has proven its usefulness in the university context. A WebQuest designed to facilitate knowledge and awareness of the importance of media and…[Read more]

National reports and funding mandates have called for trainee-centered PhD and postdoctoral training and the need to support diverse career outcomes. As a result, career and professional development (CPD) resources have expanded at several institutions. Despite the growth of innovative and impactful CPD resources, access to and awareness of…[Read more]