<t>Initially a swap has zero value to both parties right? But since after the swap is done and interest rates move, it then has value, i'm wondering if there is a secondary market for selling the swap on.Let me try and contrive an example...I may have entered into a swap and receive fixed and pay fl...

Hi,I've been reading about Swaps Pricing. Seems pretty straight forward to value an existing interest rate swap.Is there a secondary market for Swaps though? If not, why bother pricing them?Is it done for mark-to-market accounting perhaps?Thanks

QuoteOriginally posted by: mitactually i am considering starting a certification..MIT Diploma in Company Valuation. you can visit the website at www.20jack.com/page1.htmYou are clearly, a cock!

<r>Operations Certificate / Dealing CertificateAre these any good? Worth doing?Is Dealer accreditation from the ACI a way into FX Dealing for someone who already works in a B/O programming role? Or am I being a little naive? <URL url="http://www.aciforex.com/gb/aciforex-page.cfm?page_id=38">http://w...

<t>QuoteOriginally posted by: DominicConnorI agree with phil451, developers do not push for the the necessary information hard enough. My view is that this is because they are poorly managed and incentivised, and that BA's make this worse.Thus I think that Business Analysis is too critical to be a m...

<t>QuoteOriginally posted by: AaronI think you're asking how to value a loan with compounding payments at a variable rate. For example, suppose the rate is monthly LIBOR + 60 in arrears. Let L0 be one-month LIBOR today, L1 be one-month LIBOR in one month, and so on. For each $1 of loan amount, the r...

<t>QuoteOriginally posted by: daveangelmy view is that the credit valuation will overwhelm the "technical" valuation. you have to have an estimate of the spread that you demand to hold this loan. for example you might want to see where the CDS trades on the issuer of the loan. Once you know that the...

<t>Hi,I have a term loan, monthly compounding interest over a year. I want to price it.I think i should simply sum the present value of the cashflows, right?If the rate is fixed for the life of the loan I can work out the future cashflow amountsusing the compound interest formula.If the rate is vari...

<t>Quote1. depends on _your_ perspective on what constitutes OO principles. Then I can respond in more detail. Encapsulation is the principle. The problem with seperating the OptionPricer from the Option is when changes happen to the Option, they perculate to the Pricer. Instead of changing one clas...

<t>Surely seperating out the implementation of the Pricer from the Instrument is counter to (Application Level) OO principlesthat data and functions should sit together?Also, when you add new data, don't you have to go to your base Visitor interface and add a signature, which is implemented to do no...

<t>QuoteOriginally posted by: CuchulainnQuote I bought Duffies book, Actually, I wrote 2, one of which was for beginning.Do you have the Green or the Orange book? Have a look at my site below for more relevant information, on courses.Have you thought of C#? The threshold is much, much lower than C++...

What would a Junior Trader be doing typically?How long do traders remain Juniors typically?What sort of educational background would you expect a Junior Trader to have?How much training is given? Do Junior Traders most often come through graduate programmes?

On the subject of interfaces decoupling from implementation.You are merely removing an explicit coupling and replacing with an implicit one.Mapping code to/from canonical form is semantically the same as an API call.

<t>Coding to interfaces: the most misused "OO" concept.You write a class, extract an interface and make your class implement the interface. Then, do you expect a second class to be able to implement that interface sensibly?You cannot generalise from a sample of 1. You will have to bend your new code...

<t>Java Generics are for all intents and purposes the same as C++ templates for most people. Inheritance is vertical generalisation. Generics/templates are horizontal generalisation. Combine the two and you have a 2D space of types. Use either one and you extend on one axis. Who uses template metapr...