Question 1 A Credit Default Swap (CDS) is an instrument designed to transfer the credit exposure of fixed income products between parties. A CDS is also referred to as a credit derivative contract‚ where the purchaser of the swap makes payments up until the maturity date of a contract. Payments are made to the seller of the swap. In return‚ the seller agrees to pay off a third party debt if this party defaults on the loan. A CDS is considered insurance against non-payment. A buyer of a CDS might
Premium Option Stock Strike price
com/content/articles/financial_institutions_corporate_strategy_portfolio_management_right_partnerships_can_help_investment_banks/) Although the industry-wide revenue decline in 2013 was not dramatic‚ at about 2 percent‚ the largest revenue pool—fixed income‚ currencies‚ and commodities (FICC)—suffered a steep drop of 16 percent. This decline was offset to some degree by substantial rises in equity and investment banking division (IBD) revenues. But after-tax return on equity (ROE) remains under pressure‚ falling
Premium Revenue Financial market Generally Accepted Accounting Principles
The crowning of Hugh Capet as the King of France in 897 A.D. resulted in the death of the Carolingian empire and the birth of the Capetian Dynasty. The “Election of Hugh Capet” by monk Richer of Reims reveals the process of electing Duke of the Franks‚ Hugh Capet‚ as the King of France following the death of the last Carolingian ruler‚ King Louis V. Reim’s record of Hugh Capet’s election highlights the relationship between the Catholic church and the state. This primary source also points out the
Premium Pope Christianity Catholic Church
Hedging Currency Risks at AIFS The American Institute for Foreign Study (AIFS) is a foreign exchange program organization that provides 50‚000 students the opportunity to study abroad. AIFS serve American students traveling abroad to Europe‚ China‚ Mexico‚ and other locations. Therefore‚ AIFS receive cash inflows in dollars while they pay outflows in mostly Euros and British Pounds. The organization had $200 million in annual revenues. AIFS provides two main divisions: the College division primarily
Premium
Marie Antoinette queen of France. born November 2‚1755 was married to Louis Xv. Shortly as he died from smallpox disease a young prince was going to take his place. Marie Antoinette was a person they found as majestic and a visible woman not some unknown girl. Marie Antoinette had not managed to take the first step up this particular ladder of power. The role designed for Marie Antoinette was intended to be more like that of the mistress‚ which is taking more advantage of unique advantages and personnel
Premium Woman Gender Marriage
stemming from this product in 1995. The company gives great significance to R&D as the customers commitment depends on the development of Aspen’s current products. In 1995‚ 11.4 million dollars was dedicated to R&D. There is a factor of foreign currency expense as 20% of the total R&D expense was denominated in British pounds; the rest was in U.S dollars. Aspen enjoys a collection of committed and loyal customers; we can come to this from the increase of the licensing fees between the periods of
Premium United States dollar Currency Income statement
the 19th century‚ so there weren’t a lot of countries that had an objection to it in Italy. Therefore‚ the monarchists also faced much less repression. It was also because the monarchs opted to win over powerful entities like the Catholic Church and France. This gave them an added edge in terms of fighting Austria‚ which was a country largely in favor of a divided Italy. It was as a result of the alliance between Cavour and Napoleon III that the battle of Magenta and Solferino were fought and Lombardy
Premium Italy Napoleon III of France Giuseppe Garibaldi
Limescale‚ what is it? When water is heated limescale deposits can form‚ especially in machines such as fully automatic coffee makers‚ espresso machines and all hot water units. In this context you often hear about hard and soft water. The hardness of the water indicates the proportion of limescale. Your water supply company will provide more information about hardness of your water. If your groundwater flows through calcareous rock layers‚ eroded magnesium and calcium carbonate will cause limescale
Premium Vinegar Acetic acid Oxygen
helping nations develop but in very different ways‚ resulting in the following nations to adapt very different ways of thinking and keeping control of their nation. Differences such as England and Netherlands having much more success commercial than France and Spain. These two systems both had areas they succeeded greatly in but also areas that they failed in. Within that scenario the opposing model (constitutional or absolutism) would usually succeed. Absolutism is the idea that a kings power
Premium Monarchy Spain
highly desired intangible thing that has no monetary value‚ but is priceless except for the cost of the work to achieve and maintain it. The idea of freedom and of human rights was the driving force behind the Independence documents of America and France. So‚ the driving force behind these documents was the idea of freedom and human rights‚ but where did these ideas come from? The answer is the Enlightenment. In the 1700s philosophers and thinkers were coming up with new ideas that
Premium Political philosophy United States Liberalism