Tax Treatment of Derivatives
... of dealing in such securities on a mark-to-market basis. Much like the section 1256 mark-to-market regime, securities subject to this mark-to-market regime will be treated as sold (and repurchased) for fair market value on the last day of each year.7 However, unlike section 1256, any resulting gain ...
... of dealing in such securities on a mark-to-market basis. Much like the section 1256 mark-to-market regime, securities subject to this mark-to-market regime will be treated as sold (and repurchased) for fair market value on the last day of each year.7 However, unlike section 1256, any resulting gain ...
IDL, Interface Description Language
... • maintainability: The tools in a programming environment, like programs in general, will be developed incrementally and will be enhanced on the basis of experience using them. The various data structures through which they communicate will consequently also evolve. To retain compatibility in the fa ...
... • maintainability: The tools in a programming environment, like programs in general, will be developed incrementally and will be enhanced on the basis of experience using them. The various data structures through which they communicate will consequently also evolve. To retain compatibility in the fa ...
Keyword Search On Spatial Databases
... Figure 1, which is our running example, displays a dataset of fictitious hotels with their spatial coordinates and a set of descriptive attributes (name, amenities). An example of a spatial keyword query is “find the nearest hotels to point [30.5, 100.0] that contain keywords internet and pool”. The ...
... Figure 1, which is our running example, displays a dataset of fictitious hotels with their spatial coordinates and a set of descriptive attributes (name, amenities). An example of a spatial keyword query is “find the nearest hotels to point [30.5, 100.0] that contain keywords internet and pool”. The ...
Data Structure and Algorithms
... be unambiguous if it is clear, in the sense that, the action specified by the step can be performed without any dilemma/confusion. The finiteness property states that the algorithm must terminate its execution after finite number of steps (or after a finite time period of execution). That is to say, ...
... be unambiguous if it is clear, in the sense that, the action specified by the step can be performed without any dilemma/confusion. The finiteness property states that the algorithm must terminate its execution after finite number of steps (or after a finite time period of execution). That is to say, ...
Securities Processing: The Effects of a T+3 System on Security Prices
... trade date in the standard three business day settlement cycle, referred to as T+3. First, the buyer benefits from a payment delay, during which time he can earn interest on the cash needed to settle the trade. Since the seller has no analogous opportunity, I anticipated that the cost of the payment ...
... trade date in the standard three business day settlement cycle, referred to as T+3. First, the buyer benefits from a payment delay, during which time he can earn interest on the cash needed to settle the trade. Since the seller has no analogous opportunity, I anticipated that the cost of the payment ...
Auto Callable Contingent Interest Notes Linked to the Lesser
... The hypothetical Initial Value of the Lesser Performing Index of 100.00 has been chosen for illustrative purposes only and may not represent a likely actual Initial Value of either Index. The actual Initial Value of each Index will be the closing level of that Index on the Pricing Date and will be p ...
... The hypothetical Initial Value of the Lesser Performing Index of 100.00 has been chosen for illustrative purposes only and may not represent a likely actual Initial Value of either Index. The actual Initial Value of each Index will be the closing level of that Index on the Pricing Date and will be p ...
Data Structures and Analysis - Department of Computer Science
... Let n represent the length of the input list lst. Suppose that lst contains only even numbers. Then the initial check on line 2 takes Ω(n) time, while the computation in the if branch takes Ω(n2 ) time. This means that the worst-case running time of this algorithm is Ω(n2 ). It is not too hard to pr ...
... Let n represent the length of the input list lst. Suppose that lst contains only even numbers. Then the initial check on line 2 takes Ω(n) time, while the computation in the if branch takes Ω(n2 ) time. This means that the worst-case running time of this algorithm is Ω(n2 ). It is not too hard to pr ...
A practical scalable distributed B-tree.
... version table stores version numbers for inner nodes. Leaf nodes have versions, but these are not stored in the version table. Two types of replication are done for performance: (a) lazy replication of inner nodes at clients, and (b) eager replication of the version table at servers. Note that a rea ...
... version table stores version numbers for inner nodes. Leaf nodes have versions, but these are not stored in the version table. Two types of replication are done for performance: (a) lazy replication of inner nodes at clients, and (b) eager replication of the version table at servers. Note that a rea ...
managing foreign exchange risk with derivatives
... determine the characteristics of the hedge portfolios (i.e., notional values, deltas, and gammas) include exchange rate volatility, underlying exposure volatility, technical factors that may be associated with market views, and recent hedging outcomes. In one sense, the findings of this research ar ...
... determine the characteristics of the hedge portfolios (i.e., notional values, deltas, and gammas) include exchange rate volatility, underlying exposure volatility, technical factors that may be associated with market views, and recent hedging outcomes. In one sense, the findings of this research ar ...
Linear Factor Models and the Estimation of Expected Returns
... factors in the estimation of expected (excess) returns. In this paper, we first provide the asymptotic statistical properties of expected excess return, that is risk–premium, estimators based on factor models of asset pricing. These limiting distributions are useful for obtaining the standard errors ...
... factors in the estimation of expected (excess) returns. In this paper, we first provide the asymptotic statistical properties of expected excess return, that is risk–premium, estimators based on factor models of asset pricing. These limiting distributions are useful for obtaining the standard errors ...
Do Tests of Capital Structure Theory Mean What They Say? ∗
... infrequent adjustment, an increase in profitability lowers leverage by increasing future profitability and thus the value of the firm. For one subset of firms an increase in firm value does not lead to refinancing, and so, leverage decreases, while other firms refinance and their leverage increases. ...
... infrequent adjustment, an increase in profitability lowers leverage by increasing future profitability and thus the value of the firm. For one subset of firms an increase in firm value does not lead to refinancing, and so, leverage decreases, while other firms refinance and their leverage increases. ...
Combining Orthogonal Range Search and Line Simplification Using
... The third chapter gives a general description of the PST and what it can be used for. The interval stabbing problem is an important aspect of the work presented in this theses, and the third chapter explains how to solve this with a PST. Next, the interval stabbing problem is expanded to a “grid sta ...
... The third chapter gives a general description of the PST and what it can be used for. The interval stabbing problem is an important aspect of the work presented in this theses, and the third chapter explains how to solve this with a PST. Next, the interval stabbing problem is expanded to a “grid sta ...
A hierarchical representation of form documents for identification
... into a hierarchical structure by using horizontal and vertical layout lines which exist on the form. The structure of a form document is represented by a tree. The hierarchy of the tree corresponds to the hierarchy of the blocks in the form document. The proposed representation is close to the human ...
... into a hierarchical structure by using horizontal and vertical layout lines which exist on the form. The structure of a form document is represented by a tree. The hierarchy of the tree corresponds to the hierarchy of the blocks in the form document. The proposed representation is close to the human ...
Reforming Major Interest Rate Benchmarks
... The major interest reference rates (such as LIBOR, EURIBOR, and TIBOR) are widely used in the global financial system as benchmarks for a large volume and broad range of financial products and contracts. The cases of attempted market manipulation and false reporting of global reference rates, togeth ...
... The major interest reference rates (such as LIBOR, EURIBOR, and TIBOR) are widely used in the global financial system as benchmarks for a large volume and broad range of financial products and contracts. The cases of attempted market manipulation and false reporting of global reference rates, togeth ...
CS 180 Problem Solving and OO Programming Fall 2010
... Problem: Find a sequence of moves such that at the end of these moves all discs are in C. No larger disc should ever be on top of a smaller disk. Only one disk can be moved at a time from one tower to another. Only the top disc can be moved from a tower. ...
... Problem: Find a sequence of moves such that at the end of these moves all discs are in C. No larger disc should ever be on top of a smaller disk. Only one disk can be moved at a time from one tower to another. Only the top disc can be moved from a tower. ...
Basics of C++ 1.1 Summary
... created using new exists in global memory; the new operator returns a pointer (and malloc and and calloc are not needed). On the other other, an object created with a declaration exists in local memory; in particular it is automatically destroyed at the end of its scope. Thus one gets a compiler war ...
... created using new exists in global memory; the new operator returns a pointer (and malloc and and calloc are not needed). On the other other, an object created with a declaration exists in local memory; in particular it is automatically destroyed at the end of its scope. Thus one gets a compiler war ...
THE NATURAL-RESOURCE SEE-SAW: Resource extraction and
... which consumption is constant and prices rise, tracking wages. On the balanced path resource abundance determines the consumption rate, and ease of substitution in production determines the factor share. These conclusions are based on an innovative and carefully constructed general equilibrium model ...
... which consumption is constant and prices rise, tracking wages. On the balanced path resource abundance determines the consumption rate, and ease of substitution in production determines the factor share. These conclusions are based on an innovative and carefully constructed general equilibrium model ...
Lattice model (finance)
For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.