Search results for ""author derib"

Modelling Single-name and Multi-name Credit Derivatives presents an up-to-date, comprehensive, accessible and practical guide to the pricing and risk-management of credit derivatives. It is both a detailed introduction to credit derivative modelling and a reference for those who are already practitioners. This book is up-to-date as it covers many of the important developments which have occurred in the credit derivatives market in the past 4-5 years. These include the arrival of the CDS portfolio indices and all of the products based on these indices. In terms of models, this book covers the challenge of modelling single-tranche CDOs in the presence of the correlation skew, as well as the pricing and risk of more recent products such as constant maturity CDS, portfolio swaptions, CDO squareds, credit CPPI and credit CPDOs.

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It's spring, and a young bunny's fancy turns to love. And good thing his best friend, the lamb, is there to help him woo his beloved. Straight from the collection of John Derian, the artist and designer whose work with printed images of the past transports the viewer to another time and place, Easter Greeting is a nineteenth-century chromolithographic postcard imbued with the sweetness and sentimentality that makes Victoriana so appealing. As you piece it together, you might just find yourself in a newly lifted mood, wondering if our innocence isn't irretrievably lost after all.Featuring: 1,000 full-color interlocking pieces Art print with puzzle image Finished puzzle is 18 7/8 x 26 3/8

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The financial crisis, which spanned 2007 and 2008, may have occurred ten years ago but the resulting regulatory implications are yet to be implemented. This book isolates the occurrences of the derivatives market, which were implied as the core accelerator and enabler of the global financial crisis.Offering a holistic approach to post-crisis derivatives regulation, this book provides insight into how new regulation has dealt with the risk that OTC derivatives pose to financial stability. It discusses the effects that post-crisis regulation has had on central counterparties and the risk associated with clearing of OTC derivatives. Alexandra G. Balmer offers a novel solution to tackle the potential negative externalities from the failure of a central counterparty and identifies potential new risks arising from post-crisis reforms.Comprehensive and astute, this book will provide legal and financial scholars, academics and lawyers with much food for thought. National supervisors and regulators will also benefit from an understanding of general market risks and factors affecting exposure to such risks.

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While derivatives continue to play an increasingly vital role in driving today's global financial markets, they also continue to be one of the most complicated and often misunderstood financial instruments in the marketplace. In Derivatives Handbook: Risk Management and Control, two of the field's leading experts bring together the best, current cutting-edge thinking on derivatives to provide a comprehensive and accessible resource on risk management. Derivatives Handbook presents a cogent, clear-eyed, and fresh perspective with an all-star roster of leading practitioners, academics, attorneys, accountants, consultants, and professionals who share their invaluable insights. These seasoned players provide incisive discussions on a wide range of topics, including Risk and Regulation in Derivatives Markets, Credit Derivatives, and Minimizing Operations Risk. Plus, there are comprehensive sections dedicated to case law and legal risk, risk measurement, risk oversight, regulation, and transparency and disclosure. For further guidance, Derivatives Handbook provides a concise survey of literature on some of the most significant scholarship in recent years. This book contains a wealth of probing, informative articles for not only finance professionals, but also for senior managers, corporate boards, lawyers, students, and anyone with an interest in the financial markets. Derivatives-the latest thinking, the top minds in the field, the newest applications Derivatives Handbook: Risk Management and Control brings together the latest and best thinking on derivatives and risk management from some of the world's leading practitioners, academics, attorneys, accountants, consultants, and professionals all in one acclaimed book. Robert Schwartz and Clifford Smith have created a solid resource for derivatives use. Sections include: * Risk and Regulation in Derivatives Markets * Credit Derivatives Report Card on VAR * Hedge Accounting * Minimizing Operations Risk The Board of Directors' Role * Firm-wide Risk Management An entire section of derivative case studies * Plus, a complete review of case law affecting swaps and related derivative instruments "Derivatives Handbook: Risk Management and Control covers a wide range of subjects related to risk management-including legal risks, accounting issues, the current global regulatory debate and an explanation of how to manage and measure risk. The editors have formed a truly impressive group of contributors. This book strikes a good balance throughout to focus on the significant issues in the industry and provide a broad perspective on risk management."- Gay H. Evans, Senior Managing Director, Bankers Trust International, PLC and Chairman of the International Swaps and Derivatives Association Derivatives Handbook: Risk Management and Control provides the most reliable, current information and authoritative guidance for anyone with an interest in the derivatives markets. The Contributors Brandon Becker, Tanya Styblo Beder, Harold Bierman, Jr., Wendy H. Brewer, Michael S. Canter, Andrew J. C. Clark, Christopher L. Culp, Daniel P. Cunningham, Franklin R. Edwards, Gerald D. Gay, Anthony C. Gooch, Wendy Lee Gramm, Alan Greenspan, Margaret E. Grottenthaler, Douglas E. Harris, Ludger Hentschel, Jamie Hutchinson, Frank Iacono, James V. Jordan, Linda B. Klein, Anatoli Kuprianov, James C. Lam, Robert J. Mackay, Robert M. Mark, Francois-Ihor Mazur, Joanne T. Medero, Antonio S. Mello, Merton H. Miller, John E. Parsons, Jeffrey L. Seltzer, Charles W. Smithson, and Thomas J. Werlen.

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This timely book provides a detailed analysis of the regulatory landscape of energy derivatives trading in the EU. Liebrich Hiemstra argues that current supervision of the sector is too opaque and identifies how more effective legal remedies can be created to safeguard important legal values. Analysing the intersection of the energy and financial sectors, this book references key judgments from the EU Court of Justice to examine the interactions between energy derivatives supervisory bodies and market participants active in energy trading. Hiemstra explores the tension between energy derivatives trading as a cross-border activity, and a legislative framework for the sector characterised by national supervision and enforcement. The book outlines how this leads to ineffective supervision, particularly in the area of information sharing, with market participants obliged to disclose business-sensitive information. It gives practical recommendations to advance legislation and regulation in the field and protect the field from increasing energy sector volatility. EU Supervision of Energy Derivative Trading will be essential reading for scholars of energy law, financial law, and EU supervision and practitioners in this field. It will also be an invaluable resource for supervisory agencies looking to improve regulatory frameworks.

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Our bodies need the right amount of blood flow to keep our hearts pumping, our legs moving and our brains functioning. Good circulation is clearly critical to our existence. Over our lifetime, our veins absorb a lot of wear and tear - excess weight, sedentary lifestyles, dietary indiscretions, pregnancy and other factors can cause veins to swell and bulge, break and leak, while contributing to spider and varicose veins, haemorrhoids, leg ulcers and many other vein problems. By middle age, half of us will manifest some type of vein condition. Standard treatments include lubricants, warm baths and other less effective procedures or laser surgery and sclerotherapy injections, which, although highly successful, come with side effects. Yet a safe, natural and effective solution is right under our nose. In the rind of the trillions of sweet oranges we consume each year, there is a little known vein-protecting, anti-inflammatory bioflavonoid called diosmin. Backed by clinical research, this citrus bioflavonoid has been recommended by European doctors to treat circulatory and vascular conditions for more than thirty years! HEALTH BENEFITS DERIVED FROM SWEET ORANGES discusses the eight most common vein complications: varicose veins, haemorrhoids, diabetes, leg ulcers, ankle swelling, capillary fragility, leg cramps and phlebitis (inflammation of a vein) For each condition the reader will learn what causes it, what damages it inflicts on the vein, its physical signs and symptoms and nitty-gritty details from clinical studies proving the diosmin promotes strong veins, healthy legs and sound circulation.

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D'oh! Fourier introduces the Fourier transform and is aimed at undergraduates in Computer Science, Mathematics, and Applied Sciences, as well as for those wishing to extend their education. Formulated around ten key points, this accessible book is light-hearted and illustrative, with many applications. The basis and deployment of the Fourier transform are covered applying real-world examples throughout inductively rather than the theoretical approach deductively.The key components of the textbook are continuous signals analysis, discrete signals analysis, image processing, applications of Fourier analysis, together with the origin and nature of the transform itself. D'oh! Fourier is reproducible via MATLAB/Octave and is supported by a comprehensive website which provides the code contained within the book.

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Derivatives and credit derivatives have emerged as significant areas of interest in portfolio planning and risk management. In this book, Mark Anson examines the accounting and taxation implications of these instruments, including the new accounting rules for derivative instruments promulgated by the financial Accounting Standards in the United States, the Accounting Standards Board in Great Britain, and the International Accounting Standards Committee. Regulatory requirements for disclosing derivatives and tax considerations for derivative instruments are discussed (including TRA-97.) Additionally, the book reviews the regulatory accounting deadlines introduced by the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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Metal–organic frameworks (MOFs) are porous crystalline polymers con­structed by metal sites and organic building blocks. Since the discovery of MOFs in the 1990s, they have received tremendous research attention for various applications due to their high surface area, controllable morphology, tunable chemical properties, and multifunctionalities, including MOFs as precursors and self-sacrificing templates for synthesizing metal oxides, heteroatom-doped carbons, metal-atoms encapsulated carbons, and others. Thus, awareness and knowledge about MOFs and their derived nanomaterials with conceptual understanding are essential for the advanced material community. This breakthrough new volume aims to explore down-to-earth applications in fields such as biomedical, environmental, energy, and electronics. This book provides an overview of the structural and fundamental properties, synthesis strategies, and versatile applications of MOFs and their derived nanomaterials. It gives an updated and comprehensive account of the research in the field of MOFs and their derived nanomaterials. Whether as a reference for industry professionals and nanotechnologists or for use in the classroom for graduate and postgraduate students, faculty members, and research and development specialists working in the area of inorganic chemistry, materials science, and chemical engineering, this is a must-have for any library.

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Los ensayos que acoge este volumen tienen su origen en las conferencias, cursos y seminarios celebrados con motivo de la exposición que, bajo el título de Walter Benjamin. Constelaciones, se inauguró en el Círculo de Bellas Artes en noviembre del año 2010. La muestra itineró, siendo debatida en distintos centros culturales y espacios artísticos, propiciando el encuentro de personas interesadas en los textos de Benjamin, las imágenes con él relacionadas y el elenco de temas que abordó. De este modo, partiendo de Madrid y viajando de Múnich a Asunción, pasando por Bilbao, La Coruña, Rosario, Santiago de Chile, Guatemala, Tenerife o México D.F., la exposición ha hecho manifiesto el enorme interés que Benjamin sigue despertando como interlocutor filosófico y político. Pues sin duda su obra no es un corpus clausurado, sino un hondo depósito de posibilidades conceptuales, un léxico ajustado pero al tiempo incisivo para interpretar los sentidos siempre inacabados que se arraciman en el interi

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A clear, practical guide to working effectively with derivative securities products Derivatives Essentials is an accessible, yet detailed guide to derivative securities. With an emphasis on mechanisms over formulas, this book promotes a greater understanding of the topic in a straightforward manner, using plain-English explanations. Mathematics are included, but the focus is on comprehension and the issues that matter most to practitioners—including the rights and obligations, terms and conventions, opportunities and exposures, trading, motivation, sensitivities, pricing, and valuation of each product. Coverage includes forwards, futures, options, swaps, and related products and trading strategies, with practical examples that demonstrate each concept in action. The companion website provides Excel files that illustrate pricing, valuation, sensitivities, and strategies discussed in the book, and practice and assessment questions for each chapter allow you to reinforce your learning and gauge the depth of your understanding. Derivative securities are a complex topic with many "moving parts," but practitioners must possess a full working knowledge of these products to use them effectively. This book promotes a truly internalized understanding rather than rote memorization or strict quantitation, with clear explanations and true-to-life examples. Understand the concepts behind derivative securities Delve into the nature, pricing, and offset of sensitivities Learn how different products are priced and valued Examine trading strategies and practical examples for each product Pricing and valuation is important, but understanding the fundamental nature of each product is critical—it gives you the power to wield them more effectively, and exploit their natural behaviors to achieve both short- and long-term market goals. Derivatives Essentials provides the clarity and practical perspective you need to master the effective use of derivative securities products.

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This book presents a cogent description of the main methodologies used in derivatives pricing. Starting with a summary of the elements of Stochastic Calculus, Quantitative Methods in Derivatives Pricing develops the fundamental tools of financial engineering, such as scenario generation, simulation for European instruments, simulation for American instruments, and finite differences in an intuitive and practical manner, with an abundance of practical examples and case studies. Intended primarily as an introductory graduate textbook in computational finance, this book will also serve as a reference for practitioners seeking basic information on alternative pricing methodologies. Domingo Tavella is President of Octanti Associates, a consulting firm in risk management and financial systems design. He is the founder and chief editor of the Journal of Computational Finance and has pioneered the application of advanced numerical techniques in pricing and risk analysis in the financial and insurance industries. Tavella coauthored Pricing Financial Instruments: The Finite Difference Method. He holds a PhD in aeronautical engineering from Stanford University and an MBA in finance from the University of California at Berkeley.

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What inspires you?A rose in full bloom, the bright faces of pansies as you kneel in the garden? Or lovely old books and illustrations from naturalists who set out to record the world? John Derian is an artist and designer whose work with printed images of the past transports the viewer to another time and place. Take the journey with him, in this notepad perfect for lists, reminders, and to-dos. ·80 easy tear-off pages ·4 different designs repeat throughout

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In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

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First published in 1931 by renowned horticulturalist Arthur Johnson, Plant Names Simplified has become an established classic. Presented in a glossary format, this pocket-sized reference book gives the name, pronunciation and classification of common plants and the meaning behind the Latin origins of the name. This enables the reader to learn how the terms should be spelled and pronounced correctly and provides an explanation of why plants like Helianthus hirsutus is so called - because it is hairy! Plant Names Simplified 3rd Edition is a reliable resource for gardeners of all abilities, park managers, botanists, ecologists, garden designers and horticultural practitioners and students.

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This textbook highlights the theory of fractional calculus and its wide applications in mechanics and engineering. It describes in details the research findings in using fractional calculus methods for modeling and numerical simulation of complex mechanical behavior. It covers the mathematical basis of fractional calculus, the relationship between fractal and fractional calculus, unconventional statistics and anomalous diffusion, typical applications of fractional calculus, and the numerical solution of the fractional differential equation. It also includes latest findings, such as variable order derivative, distributed order derivative and its applications. Different from other textbooks in this subject, the book avoids lengthy mathematical demonstrations, and presents the theories in close connection to the applications in an easily readable manner. This textbook is intended for students, researchers and professionals in applied physics, engineering mechanics, and applied mathematics. It is also of high reference value for those in environmental mechanics, geotechnical mechanics, biomechanics, and rheology.

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A Vogue 2021 gift guide pick For someone who adores flowers, it would be a joy to put together this puzzle. House Beautiful, Beautiful Things: Gifts to Give Your Home A rose in full bloom. What is more captivating? Adapted from a nineteenth-century chromolithograph from the collection of John Derian, the artist and designer whose work with printed images of the past transports the viewer to another world, Garden Rose challenges the puzzle doer with its subtle tones of parchment and repetition of leaves and thorns, and utterly enchants with the delicate pink bull's-eye of its single, mesmerizing bloom. Featuring: 1,000 interlocking pieces Mini-poster (6 3/4 x 9 3/8) for reference or framing Completed puzzle size: 18 7/8 x 26 3/8

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Ziel des Buches ist es, die mathematischen Methoden und deren Anwendung, welche heutzutage typischerweise in der Finanzwelt und bei der Beschreibung von Kapitalmärkten zum Einsatz kommen, in einem Band zusammenzufassen. Der Text kann etwa als Grundlage einer zweisemestrigen Vorlesung in einem Bachelor- oder Master-Studiengang (Wirtschafts-)Mathematik dienen, und gibt den Studenten, die bereits eine einführende Vorlesung zu den Themen der klassischen Finanzmathematik absolviert haben, einen Überblick über die konkrete Anwendung weiterführender mathematischer Methoden in der Finanzwelt. Es ist weniger theorielastig als viele vergleichbare Bücher und richtet den Fokus mehr auf das "tatsächlich vermittelbare und für die Praxis relevante" Wissen.

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The credit derivatives market is booming and, for the first time, expanding into the banking sector which previously has had very little exposure to quantitative modeling. This phenomenon has forced a large number of professionals to confront this issue for the first time. Credit Derivatives Pricing Models provides an extremely comprehensive overview of the most current areas in credit risk modeling as applied to the pricing of credit derivatives. As one of the first books to uniquely focus on pricing, this title is also an excellent complement to other books on the application of credit derivatives. Based on proven techniques that have been tested time and again, this comprehensive resource provides readers with the knowledge and guidance to effectively use credit derivatives pricing models. Filled with relevant examples that are applied to real-world pricing problems, Credit Derivatives Pricing Models paves a clear path for a better understanding of this complex issue. Dr. Philipp J. Schönbucher is a professor at the Swiss Federal Institute of Technology (ETH), Zurich, and has degrees in mathematics from Oxford University and a PhD in economics from Bonn University. He has taught various training courses organized by ICM and CIFT, and lectured at risk conferences for practitioners on credit derivatives pricing, credit risk modeling, and implementation.

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This book examines corporate governance rules in China, and highlights the deficiencies in current company law, with the purpose of arguing for a more effective derivative action mechanism, for the benefit of shareholders and their companies.Throughout the book, Jingchen focuses on how to build a more effective, accessible and balanced mechanism for derivation action in order to promote more sound corporate governance in China. He examines two significant questions, namely - the possibility of transplanting legal regimes and rules from other jurisdictions, and how this sits against the practical experiences from the last fifteen years. The book includes discussions of both the legal issues that hinder the efficient and sound enforcement of derivative claims, as well as suggestions for reform, supported and underpinned by corporate governance theories.Derivative Actions and Corporate Governance in China will be a key resource for academics, practitioners, fund managers and postgraduate students in the fields of Asian law and corporate law and governance.

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It's a beachcomber's fantasy come true. A faithful reproduction of a page from a nineteenth-century naturalist's encyclopedia, resplendent in its chromolithographic color and detail, Shells comes straight from the collection of John Derian, the artist and designer whose work with printed images of the past transports the viewer to another time and place. This impeccable arrangement of scallop shells will fill the puzzle doer's hours with the joy of immersing oneself in nature.Featuring: 1,000 full-color interlocking pieces Art print with puzzle image Finished puzzle is 18 7/8 x 26 3/8

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John Derian is an artist and designer whose work with printed images of the past transports the viewer to another time and place. Take the journey with him, in this notepad perfect for jotting down lists, ideas, and important notes with colorful style. ·80 easy tear-off pages ·4 different designs repeat throughout

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John Derian is an artist and designer whose work with printed images of the past transports the viewer to another time and place. Take the journey with him, in this notepad perfect for jotting down lists, ideas, and important notes with colorful style. ·80 easy tear-off pages ·4 different designs repeat throughout

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The increasing interest in graphene, due to its unique properties and potential applications, is sparking intense research into chemically derived graphene. This book provides a comprehensive overview of the recent and state-of-the-art research on chemically derived graphene materials for different applications. Starting with a brief introduction on chemically derived graphene, subsequent chapters look at various fascinating applications such as electrode materials for fuel cells, Li/Na-ion batteries, metal–air batteries and Li-S batteries, photocatalysts for degradation of pollutants and solar-to-fuels conversion, biosensing platforms, and anti-corrosion coatings. The emphasis throughout this book is on experimental studies and the unique aspects of chemically derived graphene in these fields, including novel functionalization methods, particular physicochemical properties and consequently enhanced performance. With contributions from key researchers, the book provides a detailed resource on the latest progress and the future directions of chemically derived graphene for students and researchers across materials science, chemistry, nanoengineering and related fields.

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An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.

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This edited volume on "Credit, Currency, or Derivatives: Instruments of Global Financial Stability or Crisis" contains original papers that examine various issues concerning the role, the structure and functioning of credit, currency and derivatives instruments and markets as they relate to financial crises. We stress the importance of the inter-linkages of these instruments and markets in promoting or hindering financial stability or crises as well as government policies, on a local and global level. The papers in this volume highlight various aspects of credit and currency instruments and markets, along with their interactions, for the stability of domestic and international financial systems. Particular emphasis is given on the failures of regulatory systems and their implications for systemic financial crises. Also, the papers analyze the costs of financial crises and explore the institutional and economic arrangements that could ameliorate the adverse effects of financial crises in advanced and emerging-market countries.

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Describing recent developments in the engineering and generation of plants as production platforms for biopharmaceuticals, this book includes both vaccines and monoclonal antibodies. It has a particular emphasis on targeting diseases which predominate in less developed countries, encompassing the current state of technologies and describing expression systems and applications. This book also includes a variety of vaccine case studies, protecting against pervasive infectious diseases such as rabies, influenza and HIV.

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Filled with the insights of numerous experienced contributors, Structured Products and Related Credit Derivatives takes a detailed look at the various aspects of structured assets and credit derivatives. Written over a period spanning the greatest bull market in structured products history to arguably its most challenging period, this reliable resource will help you identify the opportunities and mitigate the risks in this complex financial market.

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This book on Interest Rate Derivatives has three parts. The first part is on financial products and extends the range of products considered in Interest Rate Derivatives Explained I. In particular we consider callable products such as Bermudan swaptions or exotic derivatives. The second part is on volatility modelling. The Heston and the SABR model are reviewed and analyzed in detail. Both models are widely applied in practice. Such models are necessary to account for the volatility skew/smile and form the fundament for pricing and risk management of complex interest rate structures such as Constant Maturity Swap options. Term structure models are introduced in the third part. We consider three main classes namely short rate models, instantaneous forward rate models and market models. For each class we review one representative which is heavily used in practice. We have chosen the Hull-White, the Cheyette and the Libor Market model. For all the models we consider the extensions by a stochastic basis and stochastic volatility component. Finally, we round up the exposition by giving an overview of the numerical methods that are relevant for successfully implementing the models considered in the book.

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This book offers a unique overview of usage of biomass, biomaterials, and bioproducts, including biopolymers. Included are materials, processes, usage as an energy source, and, in particular, applications. It is intended to educate both professionals and graduate students, who typically must acquire knowledge outside of traditional academic disciplines to gain an appreciation of these systems.While the growing need for renewable energy can be satisfied from other renewable sources, biomass is our only real source of renewable carbon-based chemicals and fuels. More and more companies are moving toward using these materials, and investing in new technology based on renewable resources to develop their businesses in a sustainable way.Despite this, few scientists and engineers have been appropriately trained to work in the interdisciplinary field of the biomass economy. Traditional academic disciplines are not well organized to train engineers and scientists to develop new bio-refinery concepts and bio-based products (including bio-based polymers) in industry, nor to develop and integrate pathways to convert biomass into other forms of energy and useful products. The integration of old and new pathways to satisfy global and local markets is the basic skill required to create new biomass processing alternatives. This book is written to fill this gap.

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Recent discussions of Thomas Aquinas's treatment of natural law have focused upon the ""self-evident"" character of the first principles, but few attempts have been made to determine in what manner they are self-evident. On some accounts, a self-evident precept must have, at most, a tenuous connection with speculative reason, especially our knowledge of God, and it must be untainted by the stain of ""deriving"" an ought from an is. Yet Aquinas himself had a robust account of the good, rooted in human nature. He saw no fundamental difference between is-statements and ought-statements, both of which he considered to be descriptive.Knowing the Natural Law traces the thought of Aquinas from an understanding of human nature to a knowledge of the human good, from there to an account of ought-statements, and finally to choice, which issues in human actions. The much discussed article on the precepts of the natural law (I-II, 94, 2) provides the framework for a natural law rooted in human nature and in speculative knowledge. Practical knowledge is itself threefold: potentially practical knowledge, virtually practical knowledge, and fully practical knowledge.This distinction within practical knowledge, typically overlooked or underutilized, reveals the steps by which the mind moves from speculative knowledge all the way to fully practical knowledge. The most significant sections of Knowing the Natural Law examine the nature of ought-statements, the imperative force of moral precepts, the special character of per se nota propositions as found within the natural law, and the final movement from knowledge to action.

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The global market for inflation-indexed securities has ballooned in recent years, and this trend is set to continue. This book examines the rationale behind issuance and investment decisions, and details the issues facing anyone who designs indexed securities, illustrating them wherever possible with actual examples from the international capital markets. In particular, an extensive review of indexed debt markets throughout the world is provided - including for the first time, a comprehensive and consistent set of cash flow and price-yield equations for the instruments already in existence in the major bond markets - forming an important reference for those already experienced in the field, as well as practitioners and academics approaching the subject for the first time. The book also provides unique insight into the development of inflation-indexed derivative products, and the analytical tools required to value such instruments.

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A step-by-step approach to the mathematical financial theory and quantitative methods needed to implement and apply state-of-the-art valuation techniques Written as an accessible and appealing introduction to financial derivatives, Elementary Financial Derivatives: A Guide to Trading and Valuation with Applications provides the necessary techniques for teaching and learning complex valuation techniques. Filling the current gap in financial engineering literature, the book emphasizes an easy-to-understand approach to the methods and applications of complex concepts without focusing on the underlying statistical and mathematical theories. Organized into three comprehensive sections, the book discusses the essential topics of the derivatives market with sections on options, swaps, and financial engineering concepts applied primarily, but not exclusively, to the futures market. Providing a better understanding of how to assess risk exposure, the book also includes: A wide range of real-world applications and examples detailing the theoretical concepts discussed throughout Numerous homework problems, highlighted equations, and Microsoft® Office Excel® modules for valuation Pedagogical elements such as solved case studies, select answers to problems, and key terms and concepts to aid comprehension of the presented material A companion website that contains an Instructor’s Solutions Manual, sample lecture PowerPoint® slides, and related Excel files and data sets Elementary Financial Derivatives: A Guide to Trading and Valuation with Applications is an excellent introductory textbook for upper-undergraduate courses in financial derivatives, quantitative finance, mathematical finance, and financial engineering. The book is also a valuable resource for practitioners in quantitative finance, industry professionals who lack technical knowledge of pricing options, and readers preparing for the CFA exam. Jana Sacks, PhD, is Associate Professor in the Department of Accounting and Finance at St. John Fisher College in Rochester, New York. A member of The American Finance Association, the National Association of Corporate Directors, and the International Atlantic Economic Society, Dr. Sack’s research interests include risk management, credit derivatives, pricing, hedging, and structured finance.

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Celebrate the joy of Halloween and its spirit of spooky fun. A face in the tree, a smiling pumpkin, little apple men dancing on a spiderweb-did they escape from an apple-bobbing tub at a neighbourhood party? Straight from the collection of John Derian, A Happy Hallowe''en is a fantastical scene where we, the viewer-and puzzler-become like the trick-or-treater, mesmerized by what they see on the other side of the wall. Could it be real? John Derian is an artist and designer whose work with printed images of the past transports the viewer to another time and place. His line of 1,000-piece puzzles are produced with great care and quality to ensure hours of pure pleasure, from spreading out the pieces to admiring the finished work.Featuring:- 1,000 full-colour interlocking pieces- Art print with puzzle image- Finished puzzle is 26 3/8 x 18 7/8

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Leverage Python for expert-level volatility and variance derivative trading Listed Volatility and Variance Derivatives is a comprehensive treatment of all aspects of these increasingly popular derivatives products, and has the distinction of being both the first to cover European volatility and variance products provided by Eurex and the first to offer Python code for implementing comprehensive quantitative analyses of these financial products. For those who want to get started right away, the book is accompanied by a dedicated Web page and a Github repository that includes all the code from the book for easy replication and use, as well as a hosted version of all the code for immediate execution. Python is fast making inroads into financial modelling and derivatives analytics, and recent developments allow Python to be as fast as pure C++ or C while consisting generally of only 10% of the code lines associated with the compiled languages. This complete guide offers rare insight into the use of Python to undertake complex quantitative analyses of listed volatility and variance derivatives. Learn how to use Python for data and financial analysis, and reproduce stylised facts on volatility and variance markets Gain an understanding of the fundamental techniques of modelling volatility and variance and the model-free replication of variance Familiarise yourself with micro structure elements of the markets for listed volatility and variance derivatives Reproduce all results and graphics with IPython/Jupyter Notebooks and Python codes that accompany the book Listed Volatility and Variance Derivatives is the complete guide to Python-based quantitative analysis of these Eurex derivatives products.

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The Practical Guide to Wall Street is an indispensable resource for anyone who aspires to a front-office sales or trading position on Wall Street and an essential desk reference for market practitioners and those who interact with this exciting but widely misunderstood industry. Written by an experienced trader in a clear, conversational style and assuming no previous background in finance, The Practical Guide to Wall Street provides a thorough schooling in the core curriculum of the equity and equity derivatives sales and trading business - exactly what you would learn from sitting beside the traders at a tier-one Wall Street investment bank (except that in practice, traders rarely have time to provide such detailed explanations!) Topics covered include: Clear, detailed and intuitive explanations of all major products, their function, pricing and risks (several of which are unavailable anywhere else despite producing billions of dollars in annual revenue for Wall St.) The layout of the trading floor, the roles and responsibilities of the different sales and trading groups and how they interact to service the client business An overview of the structure of the macro-economy and the trader’s perspective on the significance of economic data releases and their impact on the financial markets A review of those concepts from fundamental valuation and financial statement analysis of greatest relevance on the trading floor (as opposed to abstract valuation models) Practical details of the structure and functioning of the equity and derivative markets including translations of trader jargon, Bloomberg tips, market conventions, liquidity and risk considerations and much more… This book provides the first comprehensive explanation of all aspects of the functioning of the equities division, with information, details and insights previously only available to those who already worked on a trading floor. The availability of this material in a format accessible to non-professionals fundamentally changes the level of industry knowledge employers in the financial services industry can expect of new hires.

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Celebrate the things that truly matter. So straightforward in its language, so rich and allusive in its symbolism, this extraordinary Victorian composition comes straight from the collection of John Derian, the artist and designer whose work with printed images of the past transports the viewer to another time and place. Don't be surprised, as you begin piecing it together, to find yourself in a state of engaged curiosity. The rings, the hands, the bundle of sticks (you'll find that one on the back of a Liberty dime), all under the watchful Eye of Providence: Is it a puzzle, or a message? Featuring: 1,000 interlocking pieces Mini-poster (6 3/4 x 9 3/8) for reference or framing Completed puzzle size: 26 3/8 x 18 7/8

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In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

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An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling). It scrutinises the rationale and basis of Shari'ah Resolutions and Standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging instruments. It uses economic theory and actual market practices to show the benefits of the contemporary risk management framework. It introduces new topics that are relevant to the discussion including the conceptualisation of money, gambling and financial intermediaries.

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