QuoteOriginally posted by: spiceThe key word is "+ bonus". Even with a front office modest bonus of 100%, that means total comp is £400k-£500k.well - 250k base is pretty large, think smaller base and larger bonus is more likely. E.g. 100k + 300k bonus.

perhaps not a bad time to be a grad, you want to be ont he steep part of the curve in a boom cycle, bonus beta is low for the first few years.i dont think 08 will be a bumper year in general for st credit, but some areas will do well.

<t>QuoteOriginally posted by: McKinnellwe all bow to the market. It tells us all the information. The prices have tanked and its contagious. The only question is what is going to happen going forward: Get worse or get better?Personally, especially for CDOs which have been priced by scientists who fo...

<t>is the point not that most natural sciences are trying to answer fundamental truths about the universe. Art is an expression of free thoughtThe great scientific achievements would most likely have occured had their discoverer not lived, as science is like a journey to a fixed destination. We can ...

doesnt add up, someone with a lot of info has clearly leaked itif hes cleared can he sue?

<t>Seems that they are not taking default risk as they state "The only scenario where it wouldn’t perform well is where there is a lot of spread volatility, with spreads continuously going out and coming in, because that would eat away the cash reserve through constant leveraging and de-leveraging.”...

simple question probablywhat would be the best way to price a digital option where the payoff is the average over 10 dates?so it would be a digi asianthanks

<t>yes, i believe they have been offered for quite a while. the more recent ones may use equity mezz tradesmain differences - well i think there is the same inherent risk, which is impossible to hedge, or the issuer of the CPPI being long a gap option. It is perhaps possible now in equity to hedge s...

hi

hi some banks do manage these - is this an academic question?

and remember the convexity adjustment, value of the cap....and what is the ref entity to have a liquid 5y, EM ??

hi,does anyone have any technical info on how the index options are priced - ie how the stub is claculated (default risk before exercise) thanks

<t>How much study time is required for Level I of the CFA? There is an exam in dec, which i am thinking of doing.Has anyone here taken it, I am wondering if 1 week full time + some weekends etc till then would be sufficient?Is it of use to people working on the trading desks - only one guy here has ...

calculating how much additional swaption is required, starting fgrom a forward rate of 0, and running up to recovery. would post excel, as small file, but uses references other systems so would not work.are you facing a similar problem?

have done this now, so answer not needed