<t>I'm looking at a Euro MTN that pays Euribor+X, with each coupon capped at the previous coupon+20.It is like buying an FRN and selling an option. The option is almost a bunch of forward starting caps, but not exactly (am I right?). Hmmm... how do I price this without too much effort? Forward smile...

QuoteOriginally posted by: playerQuoteThese are not necessarily the words to get russian chick to part with her underwear What is??"Take off your clothes, we're going to my yatch" should do the trick.

I'd be interested in a copy too.Does Huberman own a stake in a money management firm that he may want to sell?

Well definitely the Normaliens from Ulm are aliens. Some are able to have a regular conversation though. And some even trade Can somebody estimate the proportion of exotic traders in London who are french? I don't know everybody in the City, far from it, but there seems to be a pattern...

Any ideas why it is not a slam dunk? What's wrong with this kind of models and what could be done to better them?

I'm glad we're in agreement on this point.It seems to me you're about where Rentech was after they hired that string guy. You must be doing well these days.

No Newton, the convexity of eurodollar futures comes from the fact that they live on a curved manifold. Any former army code breaker knows that.

When people speak about exponential decay or power decay, what does it mean exactly? I understand it's about the tails of the distribution, but what is the variable decaying, and relative to what?

What's wrong with squeezing the sitting ducks?

It could be because the user you tried to PM has been banned, no?

Mmmm, they do operate a couple nuclear power plants...

... Internet troll awards ceremony, dec 2004:"And the troll of the year award goes to... Si!!!! Take example, Newton, no need for Banach space incantations, just plain old insults do the trick"Mohohohohahahahaha

There used to be a long thread (200ish posts) about cap/swaption abritrage... I can't find it anymore. Is it somewhere in the matrix?

What did the eskimo say to the schoolgirl?"Are you in ice school?"Ahahahahahahahahahahha....ahahahahaha

<t>Wouldn't there be a strange signalling effect: Company XYZ buying protection on... XYZ, hmmm. It's much more fun to sell protection on your own name.... That is, if you can find buyers. Another question: how are the fixings for a constant maturity leg determined? Is there an official source like ...