This document summarizes key factors affecting agricultural commodity prices, including:
1) World stock levels of corn, wheat, and soybeans are at their lowest levels in decades relative to global usage.
2) Weather events like droughts can significantly impact supply and prices by reducing crop yields.
3) Growing global demand, especially from developing countries, is outpacing production increases.
4) Participation from index funds and non-commercial traders does not appear to be adversely impacting markets.
This document provides a summary of the presentation "Understanding the recession and laughing in its face" given by Joe Saxton to the Association of Charity Shops in July 2009. It includes graphs of key economic indicators in the UK such as GDP growth, inflation, interest rates, earnings growth, unemployment, house prices, stock market performance, currency values, and retail sales trends. It also examines consumer confidence data and how the public has been economizing during the recession.
April 2009 Philadelphia Housing MarketRajeev Sajja
Philadelphia Housing Market - Should I Buy?
By Kevin C Gillen Ph.D
Kevin Gillen is a respected source of real estate information for the Philadelphia area, was asked to prepare a report on the Philadelphia housing market for Mayor Nutter. It will be used at a city-wide housing fair. His report was made available to Prudential Fox & Roach, Realtors
Credit Suisse Chemical and Ag Science Conferencefinance5
The document summarizes Dow's financial performance in the first half of 2008, its transformational strategy, and actions taken to implement that strategy. It discusses the formation of K-Dow Petrochemicals, a joint venture with Kuwait Petroleum that will create a major petrochemicals company. It also covers Dow's acquisition of Rohm and Haas, a leading specialty chemicals company, which will accelerate Dow's growth and increase its percentage of revenues from higher-margin specialty businesses.
Expected us gdp growth rate presentationVictoria Rock
GDP is the total value of goods and services produced in a country over a period of time. The document discusses GDP reporting, components, and measurement in the US. It provides data on US GDP from 1995-2010, showing steady growth except for declines in 1998 and 2008-2009. Sectors like consumption, government spending, investment, and net exports influence GDP. The income and expenditure approaches are used to calculate GDP.
Mike Bushell - Threats to Food Security and Food Chain Livelihoods from Weeds...Global Risk Forum GRFDavos
Global population growth and changes in diets are increasing demand for food. Weeds, pests and diseases cause major crop losses and threaten food security. Crop protection products have helped increase yields and meet rising demand, but new issues are emerging. Integrated approaches including chemicals, cultural practices and biological controls are needed to sustainably intensify agriculture and ensure adequate, safe and nutritious food supplies.
There is a growing sense of urgency for bipartisan commitment to restoring America's competitive edge through innovation. How can we find the right mix of private sector dynamism and government support, as well as the political consensus required, to stay ahead of global competition and boost long-term prosperity?
1) Cloud computing and virtualization are transforming IT and businesses by increasing flexibility and lowering costs.
2) Mobile usage is growing rapidly, with over 1 billion smartphones currently in use and mobile sales increasing significantly year-over-year.
3) EMC storage solutions are highly integrated with VMware virtualization and ranked #1 by customers in virtualized server environments, positioning EMC as the leader for private and hybrid cloud infrastructure.
The document discusses the global steel industry and issues facing it. It notes that steel demand has grown significantly in emerging markets like China and India in recent years. This has led to a global redistribution of steel production. It also discusses challenges around meeting the raw material demands of 177 million additional tons of steel production, such as the large amounts of iron ore, coking coal, coke, and scrap that would be required. Rising raw material costs are also increasing the cash costs of producing hot rolled band steel.
This document provides a summary of the presentation "Understanding the recession and laughing in its face" given by Joe Saxton to the Association of Charity Shops in July 2009. It includes graphs of key economic indicators in the UK such as GDP growth, inflation, interest rates, earnings growth, unemployment, house prices, stock market performance, currency values, and retail sales trends. It also examines consumer confidence data and how the public has been economizing during the recession.
April 2009 Philadelphia Housing MarketRajeev Sajja
Philadelphia Housing Market - Should I Buy?
By Kevin C Gillen Ph.D
Kevin Gillen is a respected source of real estate information for the Philadelphia area, was asked to prepare a report on the Philadelphia housing market for Mayor Nutter. It will be used at a city-wide housing fair. His report was made available to Prudential Fox & Roach, Realtors
Credit Suisse Chemical and Ag Science Conferencefinance5
The document summarizes Dow's financial performance in the first half of 2008, its transformational strategy, and actions taken to implement that strategy. It discusses the formation of K-Dow Petrochemicals, a joint venture with Kuwait Petroleum that will create a major petrochemicals company. It also covers Dow's acquisition of Rohm and Haas, a leading specialty chemicals company, which will accelerate Dow's growth and increase its percentage of revenues from higher-margin specialty businesses.
Expected us gdp growth rate presentationVictoria Rock
GDP is the total value of goods and services produced in a country over a period of time. The document discusses GDP reporting, components, and measurement in the US. It provides data on US GDP from 1995-2010, showing steady growth except for declines in 1998 and 2008-2009. Sectors like consumption, government spending, investment, and net exports influence GDP. The income and expenditure approaches are used to calculate GDP.
Mike Bushell - Threats to Food Security and Food Chain Livelihoods from Weeds...Global Risk Forum GRFDavos
Global population growth and changes in diets are increasing demand for food. Weeds, pests and diseases cause major crop losses and threaten food security. Crop protection products have helped increase yields and meet rising demand, but new issues are emerging. Integrated approaches including chemicals, cultural practices and biological controls are needed to sustainably intensify agriculture and ensure adequate, safe and nutritious food supplies.
There is a growing sense of urgency for bipartisan commitment to restoring America's competitive edge through innovation. How can we find the right mix of private sector dynamism and government support, as well as the political consensus required, to stay ahead of global competition and boost long-term prosperity?
1) Cloud computing and virtualization are transforming IT and businesses by increasing flexibility and lowering costs.
2) Mobile usage is growing rapidly, with over 1 billion smartphones currently in use and mobile sales increasing significantly year-over-year.
3) EMC storage solutions are highly integrated with VMware virtualization and ranked #1 by customers in virtualized server environments, positioning EMC as the leader for private and hybrid cloud infrastructure.
The document discusses the global steel industry and issues facing it. It notes that steel demand has grown significantly in emerging markets like China and India in recent years. This has led to a global redistribution of steel production. It also discusses challenges around meeting the raw material demands of 177 million additional tons of steel production, such as the large amounts of iron ore, coking coal, coke, and scrap that would be required. Rising raw material costs are also increasing the cash costs of producing hot rolled band steel.
The document examines expected U.S. GDP growth rates based on past trends and forecasts. It analyzes annual GDP growth from 1991 to 2010, which varied from periods of increase to decrease, with the highest growth in 2000 at 6.39%. Forecasts expect 2012 growth in the 3.3-3.7% range. GDP is determined either through the income approach (compensation + profits + taxes - subsidies) or expenditure approach (consumption + government spending + investments + exports - imports). A positive GDP reflects economic growth while negative GDP indicates a recession.
The document summarizes projections from the 2011-2020 OECD-FAO Agricultural Outlook report. It finds that global agricultural production and trade will increase over the projection period, driven by population and income growth in developing countries. Commodity prices are projected to remain higher on average than the previous decade. Production growth will concentrate in developing regions like Latin America and Eastern Europe, while trade of many agricultural products like vegetable oils and rice is expected to rise 10-30%.
1) Global agricultural prospects are good with higher average prices, increasing production, and expanding trade expected over the next decade.
2) However, rising production costs due to increasing input prices, greater market and price volatility, and constraints on water and other resources pose challenges.
3) Agricultural productivity growth, which is essential to meeting rising global food demand, is projected to slow compared to the previous decade due to these factors. Governments and policies can help address these issues through investments in innovation, sustainability, and risk management programs.
Rosemarie Anderson, Federal Highway Administration, shared information about addressing rural road safety in this session at the 2012 National Rural Transportation Peer Learning Conference, April 25-27 in Burlington, VT.
This document discusses lessons learned from country experiences managing trade, grain reserves, and food security. It analyzes how public stocks, international trade, and private sector imports can work complementarily to stabilize domestic food markets using examples from Bangladesh, Pakistan, and Zambia. While public stocks aim to ensure food security, oversized reserves can disrupt markets and incur high storage and opportunity costs. Investing in agricultural productivity through research is an alternative that can boost supplies, incomes, and security.
This document analyzes the Look Asia Project from Korea and Colombia's perspectives. It discusses rising oil consumption in Asia compared to other regions through 2035. It also examines Korea's need to diversify its oil imports away from the Middle East and Colombia's interest in exporting more oil to growing Asian markets like Korea, China and India. The document outlines advantages and challenges of the project for both Korea and Colombia.
By David J. Spielman, Fatima Zaidi, and Kathleen Flaherty. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
The marketing of wine farms and the preferences of new consumersImage Line
1. The document discusses strategic aspects of wine marketing, including differentiation approaches based on price points and target customers as well as challenges in areas like product quality, marketing, resources, and costs.
2. It also covers topics like changes in wine consumption trends, preferences of new consumers, export market opportunities and threats, and the need to define strategic priorities to pursue quantitative and qualitative growth.
3. Finally, the document emphasizes challenges around competitiveness, value creation, customer satisfaction, and education given the diversity of wine firms and products in the industry.
The document discusses challenges facing efforts to reduce economic disparities between regions in England. It notes that while the goal is to narrow gaps in growth rates, economic performance has always varied between cities and little progress has been made. Barriers include a lack of consensus around the role of core cities, artificial administrative boundaries, and departments prioritizing different approaches. Resolving tensions between priorities of growth places versus places in need remains difficult politically.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
The document outlines Spain's economic policy and 2010 funding strategy. It highlights the long growth cycle prior to the international crisis and the important challenges of unemployment and deficit that resulted. The government is committed to fiscal consolidation through a 5.7% cut in the structural deficit by 2013 and structural reforms to boost potential GDP through a sustainable economy, bank reorganization, pensions, and labor market reforms. The funding strategy focuses on reducing spending and moderately increasing revenues to cut the structural deficit by 2.2% in 2010.
Use of Micro and Macro Frameworks in Estimating
Poverty Implications of Changes in Food Prices
Presented by Maros Ivanic at the AGRODEP Workshop on Analytical Tools for Food Prices and Price Volatility
June 6-7, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
The document contains a chart showing the results of a survey with 36% of respondents selecting soccer as their favorite sport and a table listing the number of votes for each sport, with soccer receiving the most votes at 9. It also includes a bar chart displaying median income by education level with graduate or professional degrees having the highest median income and some tables with additional data on various topics like grain sales, Red Cross expenses, and city populations.
The document outlines Spain's economic policy and 2010 funding strategy. It highlights the long growth cycle prior to the international crisis and the important challenges of unemployment and deficit that resulted. The Spanish government is committed to fiscal consolidation through a 5.7% cut in the structural deficit by 2013 and structural reforms to boost potential GDP through initiatives in sustainable economy, banking reorganization, pensions, and the labor market. The macroeconomic scenario forecasts a gradual recovery, with the output gap closing by 2013 after peaking in 2010.
Leslie Appleton-Young, Chief Economist/California Association of Realtors presents his annual report to the California Desert Association of Realtors.
The Palm Springs desert area (Coachella Valley) housing market is on the upswing once again.
This document provides an overview of the SPAN methodology used by LCH.Clearnet SA to calculate initial margins on derivative markets. The key aspects covered include:
1) SPAN calculates scenarios representing adverse price and volatility changes to determine maximum portfolio losses stored in risk arrays.
2) It considers spreads between different contract months or commodities to reduce calculated risks.
3) Additional charges are included for delivery months and short option positions.
4) The performance bond amount is calculated at the level of individual commodities and can be reduced at the portfolio level by excess long option values.
Futures contracts are standardized agreements to buy or sell a commodity or asset at a predetermined price and date in the future. They are traded on futures exchanges through an auction-like process that determines the market price. Standardizing terms such as quality, quantity, delivery time and location makes the contracts easily exchangeable, liquid, and accessible to many participants. The price discovery process matches buy (bid) and sell (ask) orders to arrive at the market clearing price.
Creating customer value from technologyGreg Hopper
This document provides an overview of a class on creating customer value from technology. The class covers topics like competition, value identification, jobs to be done, and value migration. It discusses how technology-based strategy differs from classical strategy due to factors like discontinuous change and new value propositions. The document emphasizes understanding customer needs by focusing on the "jobs to be done" rather than traditional customer segmentation. Firms are advised to observe customers, understand the outcomes they want, and develop products and services to help customers get jobs done better or in new ways.
The document examines expected U.S. GDP growth rates based on past trends and forecasts. It analyzes annual GDP growth from 1991 to 2010, which varied from periods of increase to decrease, with the highest growth in 2000 at 6.39%. Forecasts expect 2012 growth in the 3.3-3.7% range. GDP is determined either through the income approach (compensation + profits + taxes - subsidies) or expenditure approach (consumption + government spending + investments + exports - imports). A positive GDP reflects economic growth while negative GDP indicates a recession.
The document summarizes projections from the 2011-2020 OECD-FAO Agricultural Outlook report. It finds that global agricultural production and trade will increase over the projection period, driven by population and income growth in developing countries. Commodity prices are projected to remain higher on average than the previous decade. Production growth will concentrate in developing regions like Latin America and Eastern Europe, while trade of many agricultural products like vegetable oils and rice is expected to rise 10-30%.
1) Global agricultural prospects are good with higher average prices, increasing production, and expanding trade expected over the next decade.
2) However, rising production costs due to increasing input prices, greater market and price volatility, and constraints on water and other resources pose challenges.
3) Agricultural productivity growth, which is essential to meeting rising global food demand, is projected to slow compared to the previous decade due to these factors. Governments and policies can help address these issues through investments in innovation, sustainability, and risk management programs.
Rosemarie Anderson, Federal Highway Administration, shared information about addressing rural road safety in this session at the 2012 National Rural Transportation Peer Learning Conference, April 25-27 in Burlington, VT.
This document discusses lessons learned from country experiences managing trade, grain reserves, and food security. It analyzes how public stocks, international trade, and private sector imports can work complementarily to stabilize domestic food markets using examples from Bangladesh, Pakistan, and Zambia. While public stocks aim to ensure food security, oversized reserves can disrupt markets and incur high storage and opportunity costs. Investing in agricultural productivity through research is an alternative that can boost supplies, incomes, and security.
This document analyzes the Look Asia Project from Korea and Colombia's perspectives. It discusses rising oil consumption in Asia compared to other regions through 2035. It also examines Korea's need to diversify its oil imports away from the Middle East and Colombia's interest in exporting more oil to growing Asian markets like Korea, China and India. The document outlines advantages and challenges of the project for both Korea and Colombia.
By David J. Spielman, Fatima Zaidi, and Kathleen Flaherty. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
The marketing of wine farms and the preferences of new consumersImage Line
1. The document discusses strategic aspects of wine marketing, including differentiation approaches based on price points and target customers as well as challenges in areas like product quality, marketing, resources, and costs.
2. It also covers topics like changes in wine consumption trends, preferences of new consumers, export market opportunities and threats, and the need to define strategic priorities to pursue quantitative and qualitative growth.
3. Finally, the document emphasizes challenges around competitiveness, value creation, customer satisfaction, and education given the diversity of wine firms and products in the industry.
The document discusses challenges facing efforts to reduce economic disparities between regions in England. It notes that while the goal is to narrow gaps in growth rates, economic performance has always varied between cities and little progress has been made. Barriers include a lack of consensus around the role of core cities, artificial administrative boundaries, and departments prioritizing different approaches. Resolving tensions between priorities of growth places versus places in need remains difficult politically.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
The document outlines Spain's economic policy and 2010 funding strategy. It highlights the long growth cycle prior to the international crisis and the important challenges of unemployment and deficit that resulted. The government is committed to fiscal consolidation through a 5.7% cut in the structural deficit by 2013 and structural reforms to boost potential GDP through a sustainable economy, bank reorganization, pensions, and labor market reforms. The funding strategy focuses on reducing spending and moderately increasing revenues to cut the structural deficit by 2.2% in 2010.
Use of Micro and Macro Frameworks in Estimating
Poverty Implications of Changes in Food Prices
Presented by Maros Ivanic at the AGRODEP Workshop on Analytical Tools for Food Prices and Price Volatility
June 6-7, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
The document contains a chart showing the results of a survey with 36% of respondents selecting soccer as their favorite sport and a table listing the number of votes for each sport, with soccer receiving the most votes at 9. It also includes a bar chart displaying median income by education level with graduate or professional degrees having the highest median income and some tables with additional data on various topics like grain sales, Red Cross expenses, and city populations.
The document outlines Spain's economic policy and 2010 funding strategy. It highlights the long growth cycle prior to the international crisis and the important challenges of unemployment and deficit that resulted. The Spanish government is committed to fiscal consolidation through a 5.7% cut in the structural deficit by 2013 and structural reforms to boost potential GDP through initiatives in sustainable economy, banking reorganization, pensions, and the labor market. The macroeconomic scenario forecasts a gradual recovery, with the output gap closing by 2013 after peaking in 2010.
Leslie Appleton-Young, Chief Economist/California Association of Realtors presents his annual report to the California Desert Association of Realtors.
The Palm Springs desert area (Coachella Valley) housing market is on the upswing once again.
This document provides an overview of the SPAN methodology used by LCH.Clearnet SA to calculate initial margins on derivative markets. The key aspects covered include:
1) SPAN calculates scenarios representing adverse price and volatility changes to determine maximum portfolio losses stored in risk arrays.
2) It considers spreads between different contract months or commodities to reduce calculated risks.
3) Additional charges are included for delivery months and short option positions.
4) The performance bond amount is calculated at the level of individual commodities and can be reduced at the portfolio level by excess long option values.
Futures contracts are standardized agreements to buy or sell a commodity or asset at a predetermined price and date in the future. They are traded on futures exchanges through an auction-like process that determines the market price. Standardizing terms such as quality, quantity, delivery time and location makes the contracts easily exchangeable, liquid, and accessible to many participants. The price discovery process matches buy (bid) and sell (ask) orders to arrive at the market clearing price.
Creating customer value from technologyGreg Hopper
This document provides an overview of a class on creating customer value from technology. The class covers topics like competition, value identification, jobs to be done, and value migration. It discusses how technology-based strategy differs from classical strategy due to factors like discontinuous change and new value propositions. The document emphasizes understanding customer needs by focusing on the "jobs to be done" rather than traditional customer segmentation. Firms are advised to observe customers, understand the outcomes they want, and develop products and services to help customers get jobs done better or in new ways.
The document provides an overview of technical analysis tools including moving averages, the Average Directional Index (ADX), and derivatives. It defines moving averages as indicators that smooth price data to identify trends, discussing simple and exponential moving averages. It explains how the ADX measures trend strength without direction, using the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to define direction. Finally, it introduces derivatives such as forwards, futures, and options contracts, defining basic terminology used in derivatives trading like strike price and intrinsic value.
1. The document discusses interest rate benchmarks like Libor, Euribor, and Eonia. It describes how these rates are calculated based on submissions from panels of banks and are used globally in derivatives.
2. During the financial crisis, some questioned whether Libor fully reflected banks' borrowing costs. While regulators say data does not show manipulation, rumors persisted that rates were suppressed.
3. The document provides context on the benchmark rates and discusses implications of credit and liquidity risk on their construction and interpretation in derivatives pricing and hedging.
How to Think Strategically - WPYL - 3-4-16Greg Hopper
Here are some potential responses to the competitive advantage slide:
- Continually innovate and improve the product/service to stay ahead of competitors. Introduce new features/versions before others can copy.
- Focus on building a strong brand/reputation so customers choose your product/service based on trust and loyalty rather than just features.
- Diversify your competitive advantage - don't rely on just one thing like features. Build advantages in multiple areas like customer service, distribution channels, proprietary technology, etc.
- Partner or acquire emerging startups before their ideas can be copied. Buy innovation.
- Compete based on quality/reliability rather than just price if commoditization occurs. Own
The document provides an overview of commodities markets and derivatives trading. It discusses:
1) The origins of commodity futures markets in addressing price risks for farmers and merchants and the establishment of the Chicago Board of Trade in 1848.
2) The definition of derivatives and how their value is derived from underlying assets, as well as the key participants in derivatives markets.
3) The cost of carry model which states that the futures price is equal to the expected future spot price plus the cost of carrying the underlying asset.
4) Features of the National Commodity & Derivatives Exchange in India and how it collects and disseminates spot price data through polling participants across commodity markets.
The document provides an overview of the stock broking industry in India. It discusses the history of stock exchanges in India dating back to the 1830s. It then covers major players in the industry, the roles of stockbrokers, and the transaction cycle. It analyzes the industry using Porter's Five Forces model, examining suppliers, buyers, potential entrants, substitutes, and competitive rivalry. Key points include that suppliers like depositories and exchanges have some bargaining power, while individual investors have more bargaining power than large institutions. Significant capital requirements, technology, regulations and existing industry networks pose barriers to new entrants. Competitors include established national players and new online brokers offering lower fees.
This document summarizes the key features and functions of the National Stock Exchange (NSE) trading system in India, including order matching processes, different market types (normal, odd lot, RETDEBT, auction), user screens and functions, and order management controls like branch and user order value limits. The maximum new user order value limit that can be set for a new user at the Chennai branch of Agre Financial Services is 150 lakh rupees based on the existing branch and user limits provided.
The document describes an ETRM reporting and market risk management solution including:
- A BI reporting tool for market data, exposures, P&L, trades, and operations from an ETRM system.
- A market risk solution for curve generation, VaR calculation, reporting, and structured derivative valuation.
- The system architecture uses Oracle databases, HTTP server, and R for calculations, with a web interface for reporting, simulation, and risk management.
- It has been in use since September for daily exposure, P&L, and VaR reporting.
NCFM STUDY MATERIAL FOR CAPITAL MARKET EXAM. MOCK TEST AT WWW.MODELEXAM.INSrinivasan Thiagarajan
NCFM STUDY MATERIAL FOR CAPITAL MARKET EXAM. MOCK TEST AT WWW.MODELEXAM.IN. DOWNLOAD STUDY MATERIAL (NOTES) FOR NCFM CAPITAL MARKET DEALERS MODULE (CMDM) BASED ON LATEST SYLLABUS. WRITE ONLINE NCFM MOCKTEST ONLINE AT WWW.MODELEXAM.IN. BASED ON LATEST SYLLABUS JULY 2012
The document discusses limits and derivatives. It explains that in calculating the derivative of f(x)=x^2 - 2x + 2, the slope formula was simplified. As h approaches 0, the chords slide towards the tangent line, so the slope at (x,f(x)) is 2x-2. It then provides definitions and explanations for what it means for a variable to approach 0 from the right, left, or in general, to clarify the procedure of obtaining slopes using limits.
Free Download | Study Notes for NCFM Derivatives Market Dealers Module based on Latest Syllabus updated till July 2012. NCFM Stands for National Stock Exchange Certification in Financial Markets.
Derivatives advanced module (NATIONAL STOCK EXCHANGE OF INDIA LIMITED)yash nahata
NCFM’s workbook titled Options Trading Strategies module lists various strategies for trading
options, discusses their suitability in various market scenarios and the consequent pay-off
matrices. NCFM’s workbook titled Options Trading (Advanced) module gets into some of the
quantitative aspects of options including the option greeks.
This document provides an overview of the Macroeconomics for Financial Markets module. It outlines the module's curriculum, including 8 chapters that cover topics such as inflation, interest rates, national income accounting, fiscal policy, monetary policy, and the role of regulatory institutions. The document also provides learning objectives and weights for each chapter, with the highest weights assigned to chapters on national income accounting, inflation and interest rates, monetary policy, and the external sector. Overall, the module aims to provide financial professionals with an understanding of macroeconomic concepts and their impact on financial markets.
Traditionally, quantitative finance practitioners are divided into two populations: those who seek fair values, i.e. means of price distributions, and those who seek risk measures, i.e. quantiles of price distributions. Fair value people and risk people typically live in separate lands, and worship different gods: the profit and loss balance sheet, and regulatory capital, respectively.
Prudent Valuation is a rather unexplored midland which has recently emerged somewhere in between the well known mainlands of Pricing and Risk Management. In fact, the Capital Requirements Regulation (CRR), requires financial institutions to apply prudent valuation to all fair value positions. The difference between the prudent value and the fair value, called Additional Valuation Adjustment (AVA), is directly deducted from the Core Equity Tier 1 (CET1) capital. The Regulatory Technical Standards (RTS) for prudent valuation proposed by the EBA have been adopted by the EU (reg. 2016/101) on 28th Jan. 2016.
The 90% confidence level required by regulators for prudent valuation links quantiles of price distributions (exit prices) to capital, thus bridging the gap between the Pricing and Risk Management mainlands, and forcing the crossbreeding of the fair value and risk populations above.
In this seminar, we will explore the Prudent Valuation land.
1. The document discusses fundamental analysis of securities, which examines key financial ratios and metrics to evaluate the financial health and value of stocks.
2. It outlines various types of investments including cash, debt securities, stocks, mutual funds, derivatives, commodities, and real estate.
3. The document then describes several tools used in fundamental analysis, such as earnings per share, price-to-earnings ratio, projected earnings growth, price-to-sales, price-to-book value, dividend payout ratio, and return on equity. These ratios are used to analyze the value and potential returns of different securities.
CUPE’s national pension trustee training began with a panel on the state of public and workplace pensions. CUPE economist Toby Sanger kicked off the discussion with a overview of how the economic crisis and its fallout will affect pensions.
Smallholders represent a significant portion (38%) of oil palm cultivation in Indonesia, and represent a critical component of the palm oil industry, as well as constitute a significant opportunity to improve livelihoods in resource-poor settings. Smallholders’ engagement in oil palm cultivation began as part of Indonesian government to promote tree plantation crops in the late 1970s. The initial programme consisted basically of direct state investments through state-owned companies (PTPN) and was integrated with government-sponsored transmigration programmes to provide a labor force for the new plantations. This integration was embryonic for smallholder engagement in state-led agribusiness. The emergence of smallholder oil palm planters constituted a spread effect of plantation development led by the government. The state agribusiness-driven policy has transformed rural areas and settlement development was started in the surrounding of large-scale oil palm plantation.
Julián Chará, Coordinator of Center for Research on Sustainable Systems of Agriculture Production (CIPAV) presented the urgency to promote silvopastoral systems in Latin America, in particular in Colombia. “CIPAV advocates the Intensive Silvopastoral Systems (ISS) because it increases efficiency of biological processes by combining fodder shrubs, pastures and timber trees” said Chará.
China has experienced rapid economic growth averaging nearly 10% annually since economic reforms began in 1978. This growth has been driven by urbanization as hundreds of millions of people move to cities. Chinese cities must plan innovatively and sustainably to accommodate large population increases while improving livability. Shanghai exemplifies this transition as services now account for over half of its GDP compared to just 15% in 1978, demonstrating a shift from manufacturing to a more advanced, service-based economy.
Leslie Appleton Young, CAR Chief Economist, spoke at the Real Living Lifestyles New Year, New You Real Estate Symposium on January 31, 2012. She shared her economic forecast for the coming year, and all of the latest charts and stats on the California economy.
The document discusses automating infrastructure using configuration management tools like Chef. It provides an overview of Chef, including its architecture and key components. Chef uses cookbooks and recipes to describe infrastructure in code. Cookbooks contain attributes, recipes, and artifacts. Recipes operate with reusable resources. The Chef server stores node configuration and cookbooks. It communicates with nodes via its REST API. Nodes run Chef client which uses Ohai to discover attributes and executes recipes to ensure nodes match configurations.
‘Wind in our Sails’ is about offshore wind energy and provides a detailed analysis of the sector’s rapidly developing supply chain.
A growing industry with huge potential and massive developer interest, offshore is nonetheless facing a possible financing gap and an inadequate power grid. Questions answered in the report include;
How much capacity is currently installed?
Will there be enough turbines, foundations, cables, ships and ports.
How much is under construction, consented and in government concession zones?
How will the sector develop in the next few years?
(November 2011)
The document discusses the implications of a lower interest rate environment. It outlines how interest rates have declined to low levels not seen in decades. It explores reasons for the low rates, including reduced inflation and a credible Federal Reserve policy. The document examines the implications for investors like pension funds and insurers, including challenges from extended liability durations. It also looks at how institutions have responded by revisiting asset allocation studies.
Robert Deluce: Gaining altitude in turbulent times – a view from the cockpit ...MaRS Discovery District
Robert Deluce, President and CEO of Porter Airlines, leads an entrepreneurial team dedicated to restoring dignity to the regional air travel experience. This counter-intuitive approach is winning new fans every day as the airline continues adding destinations, aircraft and employees, while helping revitalize Billy Bishop Toronto City Airport as a vital downtown transportation hub. Mr. Deluce discusses Porter’s business strategy, its future plans and the competitive environment in this notoriously cutthroat industry.
The document discusses Liberty's balanced property portfolio, including:
1. A review of the portfolio's 2011 performance, which saw a 10.51% total return, outperforming inflation and other local asset classes.
2. An outlook for 2012, expecting continued growth in net income but constrained by rising costs, and risky capital forecasts given a lack of new developments.
3. The fund's composition as of January 2012, consisting mainly of retail properties in South Africa, with some office, hotel and other properties, as well as listed property investments.
Social-ecological dynamics and the effects of bonding social capital on local...Kemraj Parsram
Grenville, the second largest fishing centre in Grenada, share characteristics typical of small scale fisheries across the eastern Caribbean and further afield. A major fishery involves small tunas and tuna-like fishes. Approximately 50 boats, typically with a crew of 2, troll daily inside and along the edge of the island’s extensive shelf, landing on average nearly 400 metric tonnes of fish annually. Sixty percent of these landings are usually blackfin tuna (locally known as ‘bonita’ or ‘common tur’) and skip jack tuna. Over the last seven years, this fishery and particularly its marketing system have been plagued with perturbations, both idiosyncratic and covariate. In this paper, I explore some critical social-ecological factors that cause or contribute to these perturbations. I highlight how bonding social capital between fishers and unemployed youths (two key categories of stakeholders in the fishery) helps them to cope with some of these perturbations, as well as adding fire to the flame. This paper is part of larger doctoral research on the governance of small-scale fisheries in the eastern Caribbean. The findings here are based upon information collected through key informant interviews, participant observations, and informal interviews during a one year period of residence (July 2010 - June 2011) in the fishing community of Grenville.
2007* Airline Marketing Embraer Day 2007Embraer RI
This document summarizes an Embraer Day 2007 presentation on the airline market and Embraer programs for aircraft in the 30-120 seat segment. It includes the following key points:
1) The air transport industry has seen strong demand growth in recent years and is projected to continue growing. However, airlines have had to work hard to reduce costs to offset rising fuel prices.
2) The regional jet market served by Embraer's ERJ145 family and the 70-120 seat market served by Embraer's E-Jets have both evolved in recent years.
3) Projections show the airline industry as a whole and most regions are expected to have positive net results in 2007 and 2008
This document summarizes an Embraer Day 2007 presentation on the airline market and Embraer programs for aircraft in the 30-120 seat segment. It includes the following key points:
1) The air transport industry has seen strong demand growth in recent years and is projected to continue growing. However, airlines have had to work hard to reduce costs to offset rising fuel prices.
2) The regional jet market served by Embraer's ERJ145 family and the 70-120 seat market served by Embraer's E-Jets have both evolved in recent years.
3) Projections show the airline industry as a whole and most regions are expected to have positive net results in 2007 and 2008
2007 - 7th Annual U.S. Analyst Airline Market Overview Commecial AviationEmbraer RI
The document provides an overview of the airline market from the perspective of aircraft in the 30-120 seat segment. It discusses trends in the industry including increased low-cost carrier competition, higher fuel prices, and efforts by airlines to reduce costs. Opportunities for regional jets include replacing aging fleets in China, Russia, and other growing markets. The E-Jets family from Embraer is positioned as helping airlines improve efficiency through right-sizing aircraft on routes.
The document discusses the current state of the world across social, environmental, and economic dimensions. Socially, there is increasing uncertainty, complexity, and lack of tradition. Environmentally, ecological footprints exceed planetary boundaries and adjustments to address issues are becoming more costly. Economically, there are large trade imbalances as manufacturing becomes more automated and less job-creating, while related services problems. The document also discusses how markets can undermine themselves by ignoring externalities, creating wealth inequalities, and failing to provide public goods. Overall, the document presents a broad overview of current global challenges and issues with relying solely on markets.
1. Thailand has experienced strong regional economic disparities over the past several decades. Bangkok and surrounding areas form the economic core region and have significantly higher GDP per capita than other regions, particularly the northern and northeastern border regions.
2. Within regions, border areas tend to lag further behind economically compared to core areas. Border regions have high poverty rates and lower wages. However, cross-border trade has helped boost local economies and may help reduce inter-regional disparities over time.
3. The government has implemented investment policies to encourage development outside of Bangkok, but most investment still clusters in core regions due to agglomeration economies. Some border industrialization has occurred, but investment levels remain far below core regions
Philadelphia House Price Indices, 2011 Q1
Philadelphia’s Decline in House Values Slows Significantly in Q1 . . . House prices decline 1.3% in 2011 Q1.
Following several consecutive quarters of sharp price declines, the Philadelphia housing market appeared to have tapped the brakes this past winter.
The typical Philadelphia home fell in value by an average of 1.3% on a quality- and seasonally- adjusted basis this past winter, according to the latest data from the City’s Recorder of Deeds. This comes after several consecutive quarters in which price declines totaled nearly 9% following the expiration of the Federal homebuyer tax credit last spring. And, while the winter season is normally a down period for both home sales and prices, this winter’s price decline is the smallest since 2007. With this most recent decrease, the average Philadelphia home has now fallen in value by a cumulative total of 16% since the bursting of the national housing bubble several years ago. Philadelphia’s house values have now reverted back to 2005 levels. (April 25, 2011)
"Choosing proper type of scaling", Olena SyrotaFwdays
Imagine an IoT processing system that is already quite mature and production-ready and for which client coverage is growing and scaling and performance aspects are life and death questions. The system has Redis, MongoDB, and stream processing based on ksqldb. In this talk, firstly, we will analyze scaling approaches and then select the proper ones for our system.
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/temporal-event-neural-networks-a-more-efficient-alternative-to-the-transformer-a-presentation-from-brainchip/
Chris Jones, Director of Product Management at BrainChip , presents the “Temporal Event Neural Networks: A More Efficient Alternative to the Transformer” tutorial at the May 2024 Embedded Vision Summit.
The expansion of AI services necessitates enhanced computational capabilities on edge devices. Temporal Event Neural Networks (TENNs), developed by BrainChip, represent a novel and highly efficient state-space network. TENNs demonstrate exceptional proficiency in handling multi-dimensional streaming data, facilitating advancements in object detection, action recognition, speech enhancement and language model/sequence generation. Through the utilization of polynomial-based continuous convolutions, TENNs streamline models, expedite training processes and significantly diminish memory requirements, achieving notable reductions of up to 50x in parameters and 5,000x in energy consumption compared to prevailing methodologies like transformers.
Integration with BrainChip’s Akida neuromorphic hardware IP further enhances TENNs’ capabilities, enabling the realization of highly capable, portable and passively cooled edge devices. This presentation delves into the technical innovations underlying TENNs, presents real-world benchmarks, and elucidates how this cutting-edge approach is positioned to revolutionize edge AI across diverse applications.
Discover top-tier mobile app development services, offering innovative solutions for iOS and Android. Enhance your business with custom, user-friendly mobile applications.
How information systems are built or acquired puts information, which is what they should be about, in a secondary place. Our language adapted accordingly, and we no longer talk about information systems but applications. Applications evolved in a way to break data into diverse fragments, tightly coupled with applications and expensive to integrate. The result is technical debt, which is re-paid by taking even bigger "loans", resulting in an ever-increasing technical debt. Software engineering and procurement practices work in sync with market forces to maintain this trend. This talk demonstrates how natural this situation is. The question is: can something be done to reverse the trend?
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/how-axelera-ai-uses-digital-compute-in-memory-to-deliver-fast-and-energy-efficient-computer-vision-a-presentation-from-axelera-ai/
Bram Verhoef, Head of Machine Learning at Axelera AI, presents the “How Axelera AI Uses Digital Compute-in-memory to Deliver Fast and Energy-efficient Computer Vision” tutorial at the May 2024 Embedded Vision Summit.
As artificial intelligence inference transitions from cloud environments to edge locations, computer vision applications achieve heightened responsiveness, reliability and privacy. This migration, however, introduces the challenge of operating within the stringent confines of resource constraints typical at the edge, including small form factors, low energy budgets and diminished memory and computational capacities. Axelera AI addresses these challenges through an innovative approach of performing digital computations within memory itself. This technique facilitates the realization of high-performance, energy-efficient and cost-effective computer vision capabilities at the thin and thick edge, extending the frontier of what is achievable with current technologies.
In this presentation, Verhoef unveils his company’s pioneering chip technology and demonstrates its capacity to deliver exceptional frames-per-second performance across a range of standard computer vision networks typical of applications in security, surveillance and the industrial sector. This shows that advanced computer vision can be accessible and efficient, even at the very edge of our technological ecosystem.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...Alex Pruden
Folding is a recent technique for building efficient recursive SNARKs. Several elegant folding protocols have been proposed, such as Nova, Supernova, Hypernova, Protostar, and others. However, all of them rely on an additively homomorphic commitment scheme based on discrete log, and are therefore not post-quantum secure. In this work we present LatticeFold, the first lattice-based folding protocol based on the Module SIS problem. This folding protocol naturally leads to an efficient recursive lattice-based SNARK and an efficient PCD scheme. LatticeFold supports folding low-degree relations, such as R1CS, as well as high-degree relations, such as CCS. The key challenge is to construct a secure folding protocol that works with the Ajtai commitment scheme. The difficulty, is ensuring that extracted witnesses are low norm through many rounds of folding. We present a novel technique using the sumcheck protocol to ensure that extracted witnesses are always low norm no matter how many rounds of folding are used. Our evaluation of the final proof system suggests that it is as performant as Hypernova, while providing post-quantum security.
Paper Link: https://eprint.iacr.org/2024/257
Conversational agents, or chatbots, are increasingly used to access all sorts of services using natural language. While open-domain chatbots - like ChatGPT - can converse on any topic, task-oriented chatbots - the focus of this paper - are designed for specific tasks, like booking a flight, obtaining customer support, or setting an appointment. Like any other software, task-oriented chatbots need to be properly tested, usually by defining and executing test scenarios (i.e., sequences of user-chatbot interactions). However, there is currently a lack of methods to quantify the completeness and strength of such test scenarios, which can lead to low-quality tests, and hence to buggy chatbots.
To fill this gap, we propose adapting mutation testing (MuT) for task-oriented chatbots. To this end, we introduce a set of mutation operators that emulate faults in chatbot designs, an architecture that enables MuT on chatbots built using heterogeneous technologies, and a practical realisation as an Eclipse plugin. Moreover, we evaluate the applicability, effectiveness and efficiency of our approach on open-source chatbots, with promising results.
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...Jason Yip
The typical problem in product engineering is not bad strategy, so much as “no strategy”. This leads to confusion, lack of motivation, and incoherent action. The next time you look for a strategy and find an empty space, instead of waiting for it to be filled, I will show you how to fill it in yourself. If you’re wrong, it forces a correction. If you’re right, it helps create focus. I’ll share how I’ve approached this in the past, both what works and lessons for what didn’t work so well.
"Frontline Battles with DDoS: Best practices and Lessons Learned", Igor IvaniukFwdays
At this talk we will discuss DDoS protection tools and best practices, discuss network architectures and what AWS has to offer. Also, we will look into one of the largest DDoS attacks on Ukrainian infrastructure that happened in February 2022. We'll see, what techniques helped to keep the web resources available for Ukrainians and how AWS improved DDoS protection for all customers based on Ukraine experience
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Northern Engraving | Nameplate Manufacturing Process - 2024Northern Engraving
Manufacturing custom quality metal nameplates and badges involves several standard operations. Processes include sheet prep, lithography, screening, coating, punch press and inspection. All decoration is completed in the flat sheet with adhesive and tooling operations following. The possibilities for creating unique durable nameplates are endless. How will you create your brand identity? We can help!