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Achieving market consistency can be challenging, even for the most established finance practitioners. In Market Consistency: Model Calibration in Imperfect Markets, leading expert Malcolm Kemp shows readers how they can best incorporate market consistency across all disciplines. Building on the author's experience as a practitioner, writer and speaker on the topic, the book explores how risk management and related disciplines might develop as fair valuation principles become more entrenched in finance and regulatory practice.This is the only text that clearly illustrates how to calibrate risk, pricing and portfolio construction models to a market consistent level, carefully explaining in a logical sequence when and how market consistency should be used, what it means for different financial disciplines and how it can be achieved for both liquid and illiquid positions. It explains why market consistency is intrinsically difficult to achieve with certainty in some types of activities, including computation of hedging parameters, and provides solutions to even the most complex problems.The book also shows how to best mark-to-market illiquid assets and liabilities and to incorporate these valuations into solvency and other types of financial analysis; it indicates how to define and identify risk-free interest rates, even when the creditworthiness of governments is no longer undoubted; and it explores when practitioners should focus most on market consistency and when their clients or employers might have less desire for such an emphasis.Finally, the book analyses the intrinsic role of regulation and risk management within different parts of the financial services industry, identifying how and why market consistency is key to these topics, and highlights why ideal regulatory solvency approaches for long term investors like insurers and pension funds may not be the same as for other financial market participants such as banks and asset managers.
Infectious Diseases of Ethiopia is one in a series of GIDEON ebooks which summarize the status of individual infectious diseases, in every country of the world. Data are based on the GIDEON web application (www.gideononline.com) which relies on standard text books, peer-review journals, Health Ministry reports and ProMED, supplemented by an ongoing search of the medical literature. Chapters are arranged alphabetically, by disease name. Each section is divided into four sections: 1. Descriptive epidemiology2. Summary of clinical features3. Status of the disease in Ethiopia4. References There are 347 generic infectious diseases in the world today. 224 of these are endemic, or potentially endemic, to Ethiopia. A number of other diseases are not relevant to Ethiopia and have not been included in this book. In addition to endemic diseases, all published data regarding imported diseases and infection among expatriates from Ethiopia are included.
This book is essential in understanding, investing and risk managing the holy grail of investments - structured products. The book begins by introducing structured products by way of a basic guide so that readers will be able to understand a payoff graphic, read a termsheet or assess a payoff formula, before moving on to the key asset classes and their peculiarities. Readers will then move on to the more advanced subjects such as structured products construction and behaviour during their lifetime. It also explains how to avoid important pitfalls in products across all asset classes, pitfalls that have led to huge losses over recent years, including detailed coverage of counterparty risk, the fall of Lehman Brothers and other key aspects of the financial crisis related to structured products. The second part of the book presents an original approach to implementing structured products in a portfolio.Key features include:A comprehensive list of factors an investor needs to take into consideration before investing. This makes it a great help to any buyer of structured products;Unbiased advice on product investments across several asset classes: equities, fixed income, foreign exchange and commodities;Guidance on how to implement structured products in a portfolio context;A comprehensive questionnaire that will help investors to define their own investment preferences, allowing for a greater precision when facing investment decisions;An original approach determining the typical distribution of returns for major product types, essential for product classification and optimal portfolio implementation purposes;Written in a fresh, clear and understandable style, with many figures illustrating the products and very little mathematics.This book will enable you to better comprehend the use of structured products in everyday banking, quickly analyzing a product, assessing which of your clients it suits, and recognizing its major pitfalls. You will be able to see the added value versus the cost of a product and if the payoff is compatible with the market expectations.
Recent turbulence in the financial markets has highlighted the need for diversified portfolios with lower correlations between the different investments. Life settlements meet this need, offering investors the prospect of high, stable returns, uncorrelated with the broader financial markets.This book provides readers of all levels of experience with essential information on the process surrounding the acquisition and management of a portfolio of life settlements; the assessment, modelling and mitigation of the associated longevity, interest rate and credit risks; and practical approaches to financing and risk management structures. It begins with the history of life insurance and looks at how the need for new financing sources has led to the growth of the life settlements market in the United States.The authors provide a detailed exploration of the mathematical formulae surrounding the generation of mortality curves, drawing a parallel between the tools deployed in the credit derivatives market and those available to model longevity risk. Structured products and securitisation techniques are introduced and explained, starting with simple vanilla products and models before illustrating some of the investment structures associated with life settlements. Capital market mechanisms available to assist the investor in limiting the risks associated with life settlement portfolios are outlined, as are opportunities to use life settlement portfolios to mitigate the risks of traditional capital markets. The last section of the book covers derivative products, either available now or under consideration, that will reduce or potentially eliminate longevity risks within life settlement portfolios. It then reviews hedging and risk management strategies and considers how to measure the effectiveness of risk mitigation.
Fully revised and updated from the hugely popular first edition, this book is an accessible and convenient one-volume introduction to international capital markets, ideal for those entering or planning to enter investment banking or asset management. As well as serving as an invaluable reference tool for professionals already working in the industry looking to extend their knowledge base it will also benefit all those working in trading, sales and support roles.Describing how the key products and markets work, who the principle participants are and their overall goals and objectives, Andrew Chisholm provides a thorough overview of the global capital markets. The book covers a wide range of equity, debt, foreign exchange and credit instruments as well as the principal derivative products. In a step-by-step fashion, making extensive use of real world cases and examples, it explains money markets, foreign exchange, bond markets, cash equity markets, equity valuation techniques, swaps, forwards, futures, credit derivatives, options, option risk management and convertible bonds. An extensive glossary also explains concisely many of the 'jargon' expressions used in the financial markets.Boasting an international focus, examples are drawn from major international markets around the world. It makes extensive use of numerical examples and case studies to help explain a wide range of cash and derivative products used in the capital markets business. It covers both debt and equity products and includes new material on credit products such as collateralized debt obligations and credit derivative structures; equity fundamental analysis, portfolio theory and convertible bonds. Market data has been fully updated from the first edition and recent events such as the 'credit crisis' are discussed.
It's the Subtleties that Matter!What is the real difference between competent leader and extraordinary executive? Is it pedigree, experience, intelligence? The answer is yes...and much more. Exceptional leadership hinges on a complex interaction between individual psychology and unique business needs. At the top rung of the ladder, where the dynamics are most complicated, subtle adjustments in style can produce outstanding results.In his new book, The Intangibles of Leadership, Management Psychologist Richard Davis, Ph.D., uncovers patterns in the attributes that truly distinguish those who succeed at the top. What he found was that extraordinary leaders possess certain characteristics that fall between the lines of existing leadership models, yet are fundamental to executive success. Davis explains each of these qualities, the people who exemplify them, how to detect them in others, and most importantly, how to develop the subtle characteristics that will enable them to stand out from the pack.Learn why...It's often better to aim for silver than for goldPlaying hard to get attracts people to youIt's important to have a slightly inflated view of your abilitiesYour peripheral vision is so importantIt's ok to get angry with your teamSo many extraordinary executives have gone through crises early in their lives
Infectious Diseases of Egypt is one in a series of GIDEON ebooks which summarize the status of individual infectious diseases, in every country of the world. Data are based on the GIDEON web application (www.gideononline.com) which relies on standard text books, peer-review journals, Health Ministry reports and ProMED, supplemented by an ongoing search of the medical literature. Chapters are arranged alphabetically, by disease name. Each section is divided into four sections: 1. Descriptive epidemiology2. Summary of clinical features3. Status of the disease in Egypt4. References There are 347 generic infectious diseases in the world today. 220 of these are endemic, or potentially endemic, to Egypt. A number of other diseases are not relevant to Egypt and have not been included in this book. In addition to endemic diseases, all published data regarding imported diseases and infection among expatriates from Egypt are included.
Infectious Diseases of Denmark is one in a series of GIDEON ebooks which summarize the status of individual infectious diseases, in every country of the world. Data are based on the GIDEON web application (www.gideononline.com) which relies on standard text books, peer-review journals, Health Ministry reports and ProMED, supplemented by an ongoing search of the medical literature. Chapters are arranged alphabetically, by disease name. Each section is divided into four sections: 1. Descriptive epidemiology2. Summary of clinical features3. Status of the disease in Denmark4. References There are 347 generic infectious diseases in the world today. 191 of these are endemic, or potentially endemic, to Denmark. A number of other diseases are not relevant to Denmark and have not been included in this book. Denmark disease notes include separate sections on Greenland. In addition to endemic diseases, all published data regarding imported diseases and infection among expatriates from Denmark are included.
Digital Makers experiment at the intersection between the creative and the practical. They are driven by curiosity and playfulness, by manifesto pledges to fail fast and fail often. To bring new designs into reality, they must draw upon inspiring and insightful contributions from a wide variety of fields; art, design, science or technology, before applying them with laser-focus to the particular problem they have in mind.As part of their craft, makers must tackle issues of materials science, algebra, logic and a myriad of other subjects every day as part of their inventive leisure activities. Of course, this means drawing a boundary around the knowledge relevant to 'making' represents an impossible task. Instead, this bibliography attempts to summarize and explain the recurring themes that have emerged from the craft and have become fascinations for makers the world over. These are the tools, techniques, deployment domains, audiences and ways of thinking which are chosen over and over again for their power, accessibility, flexibility, elegance, or cool factor.
The contents of this guide take you through the basics of C and C++ programming, from understanding the language form and layout through to using libraries and structures that enable you to build software. Some programming experience is expected in any other language.Developing application using C or C++ requires understanding the core elements of the language, such as the structure and format, alongside the ability to use both functional and object-oriented programming architectures to achieve your goals. C/C++ includes a wide variety of different libraries and environments, such as the Standard Template Library, and these extend the functionality and interface of the C/C++ programming environment to support a rich development environment. Following this bibliography will give you an excellent grounding in C and C++ programming using the books and content of Safari Books Online.
Today it is difficult to avoid networking, from phones to computers and even modern home appliances. Using this bibliography, you will learn to understand how networking works at the low level, how different networks can be connected together and how the Internet works to route data around the world. You will also gain an understanding of the higher level networking principles such as protocol designs and networking application fundamentals.This bibliography is aimed at people with basic network experience. It will guide you through a deeper understanding of how the basics of networking operate, from the physical level, to low-level protocols, network routing and high-level protocol and networking systems. If you are a developer or a network administrator, this will help you acquire a deeper understanding of networking environments.
One of the greatest changes in the computing world has been the move to using common, distributed hardware and software to support services, coined cloud computing. We have chosen a selection of the most useful books in cloud computing within this bibliography. First we look at the basics and some of the key concepts and issues that arise in Cloud computing in general. Then we examine how the 'as a service' (aaS) has helped to drive and expand the reach of the cloud deployment environment. Next, the role of different cloud services, both internal to support cloud operations, and externally provided as a part of the web of cloud operational support are covered. Virtualization, the effective division of computing to more essential computing units has helped to make broad-spectrum web services effective and distributed, and is another key driver behind understanding the cloud. Combining both cloud services and existing datacenters is the role of the Hybrid cloud, aiming to take advantage of the best of both worlds. An array of cloud deployment and development platforms are described, covering both public and private cloud services. Throughout the cloud environment security is a major concern, especially when sharing and distributing user and customer data. Finally, the role of development tools and environments are examined, covering both key tools and entire development stacks. So, be sure to take advantage of the books and videos on cloud computing that you will find in the Safari Books Online library.
Agile is an approach to software development that improves quality and customer satisfaction. It also reduces risk by focusing on effective collaboration between software developers and business experts, and the frequent delivery of deployable releases that contain new and valuable business features. Agile, by its very nature, is iterative and uses fixed timebox sprints created by self-organizing cross-functional teams. Face-to-face interactions are preferred over written documentation, since those instruments typically become obsolete long before the project comes to fruition. Popular agile methodologies include XP, Scrum and the earlier Dynamic Systems Development Method (DSDM). The success of agile has been remarkable and recent advances have come in the form of approaches that support scaling agility, and working in organizations that have audit and compliance requirements. Also important is meeting the needs of organizations that have resources spread across multiple locations that may be too far to allow for face-to-face interactions. Agile is evolving and gaining in popularity with its focus on managing risk, improving quality and productivity, while maintaining both customer and a results-oriented focus that leads to successful systems and successful businesses! Follow along in this Safari Books Online bibliography to learn more about all of the Agile aspects that have been covered here.
Globe-trotting travelers have long resorted to handy, pocket-size dictionaries as an aid to communicating across the language barrier. Dan Pilone's UML 2.0 Pocket Reference is just such an aid for on-the-go developers who need to converse in the Unified Modeling Language (UML). Use this book to decipher the many UML diagrams you'll encounter on the path to delivering a modern software system. Updated to cover the very latest in UML, you'll find coverage of the following UML 2.0 diagram types:Class diagrams Component diagrams* Sequence diagrams* Communication diagrams* Timing diagrams* Interaction Overview diagrams* Package diagrams* Deployment diagrams* Use case diagrams Composite structure diagrams* Activity diagrams* Statechart diagrams* * New or expanded coverage in this edition Also new in this edition is coverage of UML's Object Constraint Language (OCL). Using OCL, you can specify more narrowly the functionality described in a given diagram by recording limits that are the result of business rules and other factors. The UML 2.0 Pocket Reference travels well to meetings and fits nicely into your laptop bag. It's near impossible to memorize all aspects of UML, and with this book along, you won't have to.
Exim delivers electronic mail, both local and remote. It has all the virtues of a good postman: it's easy to talk to, reliable, efficient, and eager to accommodate even the most complex special requests. It's the default mail transport agent installed on some Linux systems, runs on many versions of Unix, and is suitable for any TCP/IP network with any combination of hosts and end-user mail software. Exim is growing in popularity because it is open source, scalable, and rich in features such as the following: Compatibility with the calling interfaces and options of Sendmail (for which Exim is usually a drop-in replacement) Lookups in LDAP servers, MySQL and PostgreSQL databases, and NIS or NIS+ services Support for many kinds of address parsing, including regular expressions that are compatible with Perl 5 Sophisticated error handling Innumerable tuning parameters for improving performance and handling enormous volumes of mail Best of all, Exim is easy to configure. You never have to deal with ruleset 3 or worry that a misplaced asterisk will cause an inadvertent mail bomb. While a basic configuration is easy to read and can be created quickly, Exim's syntax and behavior do get more subtle as you enter complicated areas like virtual hosting, filtering, and automatic replies. This book is a comprehensive survey that provides quick information for people in a hurry as well as thorough coverage of more advanced material.
"Data is here, it's growing, and it's powerful." Author Cathy O'Neil argues that the right approach to data is skeptical, not cynical--it understands that, while powerful, data science tools often fail. Data is nuanced, and "a really excellent skeptic puts the term 'science' into 'data science.'" The big data revolution shouldn't be dismissed as hype, but current data science tools and models shouldn't be hailed as the end-all-be-all, either.
You're sitting on a pile of interesting data. How do you transform that into money? It's easy to focus on the contents of the data itself, and to succumb to the (rather unimaginative) idea of simply collecting and reselling it in raw form. While that's certainly profitable right now, you'd do well to explore other opportunities if you expect to be in the data business long-term. In this paper, we'll share a framework we developed around monetizing data. We'll show you how to think beyond pure collection and storage, to move up the value chain and consider longer-term opportunities.
If you're getting started with iOS development, or want a firmer grasp of the basics, this practical guide provides a clear view of its fundamental building blocks--Objective-C, Xcode, and Cocoa Touch. You'll learn object-oriented concepts, understand how to use Apple's development tools, and discover how Cocoa provides the underlying functionality iOS apps need to have. Dozens of example projects are available at GitHub. Once you master the fundamentals, you'll be ready to tackle the details of iOS app development with author Matt Neuburg's companion guide, Programming iOS 7--coming in December 2013. Explore the C language to learn how Objective-C works Learn how instances are created, and why they're so important Tour the lifecycle of an Xcode project, from inception to App Store Discover how to build interfaces with nibs and the nib editor Explore Cocoa's use of Objective-C linguistic features Use Cocoa's event-driven model and major design patterns Learn the role of accessors, key-value coding, and properties Understand the power of ARC-based object memory management Send messages and data between Cocoa objects
The amazing tricks two American soldiers perform on a borrowed bicycle are a fitting finale for the school sports day festivities in a small village in occupied Japan.
When Allison tries on the red kimono her grandmother has sent her, she is suddenly aware that she resembles her favorite doll more than she does her mother and father. When her parents try to explain that she is adopted, her world becomes an uncomfortable place. She becomes angry and withdrawn. She wonders why she was given up, what her real name is, and whether other children have parents in faraway countries. Allison's doll becomes her only solace until she finds a stray cat in the garden and learns the true meaning of adoption and parental love.
Group coaching is rapidly becoming the preferred coaching option for businesses and individuals. Effective Group Coaching is a practical, resource rich, hands-on guide for the group coaching facilitator in one of the fastest growing new disciplines. Organizations, community groups and individuals are discovering that group coaching is an exciting and sustainable model and process for learning and growth. Written for internal and external coaches, HR professionals, trainers and facilitators wanting to expand their work into this area, this book provides tested methodologies and tools and tips. Both new and seasoned coaches will find the book a practical roadmap and go-to guide when designing, implementing and marketing their own group coaching programs. Case studies highlight how group coaching programs are being delivered globally through corporate and public prgrams, virtually and in person. Also, the author's dedicated web site offers resources and articles available for downloading.
Compiled by an expert team of accountants, 78 Tax Tips For Canadians For Dummies offers practical tax planning strategies. These individual tips offer straightforward advice and insight that will save readers aggravation and money.
Wills & Estate Planning For Canadians For Dummies walks you through the steps of planning your estate. This friendly guide will help you Reduce the tax you or your estate will pay Plan for your children's future Leave a charitable legacy Decipher the legal lingo in wills Prepare a living will to ensure you get the treatment you want Hire an estate planning team that will meet your needs Through practical advice from expert authors, this book helps you ensure that your affairs are in order, and your loved ones will be looked after.
<p><i>Windows 8: Out of the Box</i> gives those with little experience using tablets and computers a simple and straightforward guide to using Windows 8. Mike Halsey starts with the basics of getting your computer online and takes you step by step through the trickier parts of set up, using the new Windows 8 interface, and sharing your experiences with family and friends.</p>
It's the little things that turn a good digital product into a great one. With this full color practical book, you'll learn how to design effective microinteractions: the small details that exist inside and around features. How can users change a setting? How do they turn on mute, or know they have a new email message? Through vivid, real-world examples from today's devices and applications, author Dan Saffer walks you through a microinteraction's essential parts, then shows you how to use them in a mobile app, a web widget, and an appliance. You'll quickly discover how microinteractions can change a product from one that's tolerated into one that's treasured. Explore a microinteraction's structure: triggers, rules, feedback, modes, and loops Learn the types of triggers that initiate a microinteraction Create simple rules that define how your microinteraction can be used Help users understand the rules with feedback, using graphics, sounds, and vibrations Use modes to let users set preferences or modify a microinteraction Extend a microinteraction's life with loops, such as "Get data every 30 seconds"
Select your format based upon: 1) how you want to read your book, and 2) compatibility with your reading tool. To learn more about using Bookshare with your device, visit the "Using Bookshare" page in the Help Center.
Here is an overview of the specialized formats that Bookshare offers its members with links that go to the Help Center for more information.
- Bookshare Web Reader - a customized reading tool for Bookshare members offering all the features of DAISY with a single click of the "Read Now" link.
- DAISY (Digital Accessible Information System) - a digital book file format. DAISY books from Bookshare are DAISY 3.0 text files that work with just about every type of access technology that reads text. Books that contain images will have the download option of ‘DAISY Text with Images’.
- BRF (Braille Refreshable Format) - digital Braille for use with refreshable Braille devices and Braille embossers.
- MP3 (Mpeg audio layer 3) - Provides audio only with no text. These books are created with a text-to-speech engine and spoken by Kendra, a high quality synthetic voice from Ivona. Any device that supports MP3 playback is compatible.
- DAISY Audio - Similar to the Daisy 3.0 option above; however, this option uses MP3 files created with our text-to-speech engine that utilizes Ivona's Kendra voice. This format will work with Daisy Audio compatible players such as Victor Reader Stream and Read2Go.