Structured Products
Range Accrual Notes
Range accrual notes are notes that pay a higher than market coupon as long as an external index stays within a pre-specified range across pre-specified dates and a lower (or no) coupon if it doesn’t.
Pricing Range Accrual Notes
Cross Currency Swaps
A swap is an agreement between two companies to exchange cash flows [...]
Tag Archives: Free Finance course
Convexity
Duration approximates the change in price of an instrument due to changes in the yield. However this approximation tends to work only for small changes in yield. For larger changes there will be a significant error term between the actual price change and that estimated using duration. Convexity improves on this approximation as it explains [...]
If there was one mandatory course that all business school students are allergic to, it would be ethics. Not that business school students have a personality flaw that makes them hate the subject, it is just that we intensely dislike being preached to. We are smart, intelligent and savvy enough to figure out what is [...]
For the last four weeks I had been thinking about putting together a basic reading guide for mentees that would help them move forward and remove me as a bottleneck. A collection of short to the point posts that introduce them to a basic framework that many of us take for granted and most of [...]
