...What is the difference between forward and futures contracts? Fundamentally, forward and futures contracts have the same function: both types of contracts allow people to buy or sell a specific type of asset at a specific time at a given price. However, it is in the specific details that these contracts differ. First of all, futures contracts are exchangetraded and, therefore, are standardized contracts. Forward contracts, on the other hand, are private agreements between two parties and are not as rigid in their stated terms and conditions. Because forward contracts are private agreements, there is always a chance that a party may default on its side of the agreement. Futures contracts have clearing houses that guarantee the transactions, which drastically lowers the probability of default to almost never. Secondly, the specific details concerning settlement and delivery are quite distinct. For forward contracts, settlement of the contract occurs at the end of the contract. Futures contracts are marked-to-market daily, which means that daily changes are settled day by day until the end of the contract. Furthermore, settlement for futures contracts can occur over a range of dates. Forward contracts, on the other hand, only possess one settlement date. Lastly, because futures contracts are quite frequently employed by speculators, who bet on the direction in which an asset's price will move, they are usually closed out prior to maturity and delivery usually never happens. On the...
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...grave to us, yet if we were to possibly use wisdom, we may miss the pitfall all together. The wisdom of learning from the past, of individually taking control, making a change and not relying on the powers that be, is one strategy. “Makes me wonder if all the wisdom was given to King Solomon and none left for us”, but even he faltered. So then it begs to say is there any purpose, reason or hope. Do we just literally exist and go round on a cog wheel of time. Without straying too far from the point, there is allot of room left for speculation as to whether some of these conspiracy ideas are true. Were we just put here and are aimlessly wondering this planet. While I was doing this piece it brought up allot of question about the past, future, who we are, why we are here? How our world/universe came to be? Is this all about balance and not right or wrong? TECHNOLOGY seems to be our vice, we are moving very...
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...INTRODUCTION Country risk refers to the risk of investing or lending in a country, arising from possible changes in the business environment that may adversely affect operating profits or the value of assets in the country. For example, financial factors such as currency controls, devaluation or regulatory changes, or stability factors such as mass riots, civil war and other potential events contribute to companies' operational risks. This term is also sometimes referred to as political risk; however, country risk is a more general term that generally refers only to risks affecting all companies operating within or involved with a particular country. Many investors choose to place a portion of their portfolios in foreign securities. This decision involves an analysis of various mutual funds, exchange traded funds (ETFs), or stock and bond offerings. However, investors often neglect an important first step in the process of international investing. When done properly, the decision to invest overseas begins with determining the riskiness of the investment climate in the country under consideration. Country risk refers to the economic, political and business risks that are unique to a specific country, and that might result in unexpected investment losses. This country risk analysis is a fundamental step in building and monitoring an international portfolio. Investors that use the many excellent information sources available to evaluate country risk will be better prepared...
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...The Future -Social and cultural changes in human values and norms of behavior in businesses I think that first of all what we call a future could be happening in the next coming years or decades, since new types of technology and crazy touch-screen or laser objects are being used every day in our daily lives, even worst by children about 5 or 6 years old. Technology is not the only thing that has changed and is changing every day, something that we should really worry about is our own human values. This is our own social and cultural values, everything we have had since the moment we are born and also our norms in daily business that have been established year and years ago based on errors and important historical events, and by important business man and multinationals that had gave us the opportunity to experience what we are experiencing today. To answer the million dollar question we need to break it down into two separate parts; social and cultural changes; and norms of behavior in the world of business. The question is how these two factors will change in the future and how businesses will be done by that time. First, we need to determine our social and cultural values and those can be referred or seen as our ethical actions, and are our base of integrity in society. The way we think, act, behave, from a greeting to an interview or negotiation, these values or personal beliefs are definitely changing and even becoming extinct. Our values is the most fundamental thing...
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...A Commitment to the Future World Leaders Visual Literacy Shermanda Harris Ashford University December 16, 2013 A Commitment to the Future World Leaders The children of our future, needs a good push in the right direction to help in obtaining a bright and endeavoring future. As adults giving the children a starting point to help make the future world a better place, is a job. Starting at an early age Parents, schools and coaches working together to achieve the goal set forth takes hard work and sacrifice. Learning to be a team is the key to making a difference in childrens lives. Children look to adults to lead them in the right direction. Showing that working as a team will help to meet and exceede any goal that is set or given to achieve. To succeed as a team the following is needed: 1. Unified Goal 2. Willing to listen 3. Take chances 4. Commitment to working hard 5. Full cooperation from everyone involved Use the time that's given to teach children all the fundamentals of the sport and allow the decisions made on the field to show how they respond to what's taught. FUNDAMENTALS IS THE FOUNDATION and the to success. The task given is to become star athletes on and off the field. How can this be done? Given the opportunity and the chance it can happen. Incorporating listening skills to help gather information from students/players to find out what skills are known and build on that. As adults, everything is not known. Children can and...
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...I wish could look into the future! I don’t think I would wish to see the future, what would the fun be in that. If I could see the future there would be now meaning in living, because I would already know what would happen to me. Also I knew that something bad would happen to me and I couldn’t do anything about it, I would go insane. So I don’t understand why people can wish for it. On the other hand it is tempted to know if you get the dream job you always had dreamed of. If I would or demand to look into the future but I could choose what I would see I would probably chose to see if I got married, not who I would marry for that should be a secret for me. I would also like to see if I got a good job which doesn’t make me miserable. That would be that, there are no other things that I would like to see, for like in the movies, you can’t change the future it will always end up biting you in the butt. That’s also why I don’t want to see the future that includes me. But if I could see the future itself, like if the planet still is here in 50 years or if there comes a war. Still I think we should let the future be and just live in the present, then the future will...
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...Playing Hide and Seek with My Future Dreaming can take you to wonderful places. At least that was what my father told me. Eight years ago, while I sat in my room, chin on my folded up knees, I asked myself what exactly I wanted to be when I grew up. As usual, my brain came up with billions of seemingly brilliant ideas; I could be a journalist, or better yet a news host, I could be an actor, or maybe even a politician, I could be a business woman, or I could just be the doctor my parents wanted me to be. Everything came to a screeching halt. A doctor; it is what almost every parent wants for their child. They would have knowledge that their child could save people’s lives, would be making money that could help those without healthcare, and even have the status of an intelligent individual who has done well for themselves; the doctor that would be the pride of the family. Nine year-old me breathed out a sigh. All the things I wanted to become, all the things I wanted to do, none of them seemed conceivable, or rather, none of them seemed conceivable to my dad. A doctor was what he wanted me to be; and a doctor was what I didn’t want to be. Having high hopes for his children wasn’t wrong of my dad. I understood that he had dreams once too. He never talked about his life before coming to America and even after putting together all the pieces, all the hints, I only came up with the bare minimum, if even that. Dad lost both his parents while growing up in the country sides...
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...Future of nuclear energy, what countries use it most, other uses for nuclear energy (bombs) Future of nuclear energy: Increasing energy demand, plus concerns over climate change, dependence on overseas supplies of fossil fuels and the security of supply are coinciding to make the case for increasing use of nuclear power. Nuclear energy is the perfect way for the demands of electricity. It seems that Nuclear energy will become a much bigger source of energy in the future, many countries such as India and China are planning on building many nuclear power plants. China is embarking upon a huge increase in nuclear capacity to 58 GWe( Gigawatts of electricity) by 2020; India's target is to add 20 to 30 new reactors by 2030. A WNA projection shows at least 1100 GWe of nuclear capacity by 2060, and possibly up to 3500 GWe, compared with 373 GWe today. Countries that use it most: Most of the increased capacity (over 80%) will be in countries which already use nuclear power. Currently there are 436 Nuclear reactors in the world, and 73 under construction. Of the thirty countries in which nuclear power plants operate, only France, Belgium and Slovakia use them as the primary source of electricity. United States has 104 Nuclear reactors, and 5 under construction, France has 58 Nuclear reactors, and 1 under construction, Russia has 33 Nuclear reactors, and 10 under construction, Japan had 54 Nuclear reactors however after Fukushima Japan shut down all of its 54 nuclear reactors...
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...08 Fall 08 Fall BIOS – Instructor: Mrs. Nicholas – NT1110 – 1 May 2014 Lavon Hawkins BIOS SUMMARY Lavon Hawkins BIOS SUMMARY BIOS BIOS: The BIOS is software which is stored on the motherboard. It tells the computer how to perform a number of basic functions such as booting and keyboard control. It is also used to identify and configure the hardware in a computer such as hard drive, floppy drive, optical drive, CPU, memory and so on. CMOS: The complementary metal oxide semiconductor is the type of semiconductor chip on the motherboard which stores the system information and computer settings such as date, time, hard drive settings, boot sequence, parallel part settings, on-base audio and video etc. Firmware: Firmware is a combination of software and hardware. Computer chips that have data or programs recorded on them are firmware. POST: The POST or power on self-test is a test the computer does when it first boots up. It’s to verify all the hardware is working. If all checks out it usually gives a single beep. If not a beep code could come up. Beep Code: A beep code is an audible code which is generated during the POST (Power On Self Test) when the BIOS has an issue but has not made it all the way up the boot sequence that it can give you the error as a message on the monitor BIOS update: Updating the BIOS can fix or enhance aspects of a computers performance. Or it may provide support for newly installed hardware. 1 Flash BIOS update:...
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...1 Case Assignment 4 C ASE : “C ONTRACTUAL I NNOVATION IN THE U.K. E NERGY M ARKETS I NSTRUCTIONS : Work in groups of 3. Hand in typewritten solutions with no more than 3 pages. Question 1- 4 is each worth 5 points, while Question 5 and 6 are each worth 40 points. 1. Why does Eastern want more generating capacity? 2. What prevented Eastern from increasing its own electricity generation capacity? 3. What were the main reasons for Enron to enter into the agreement with Eastern to receive gas and supply the value of electricity rather than operate simply as an independent power plant (IPP). 4. Despite using Sutton as a hedge for its commitment to Eastern, what residual operating risk would Enron be taking? 5. Using information in the case, estimate the value of Eastern’s option to purchase 700 MWH (mega watts per hour) of electricity from Enron for a typical (seasonally adjusted) half an hour interval in 1996. Use estimated daily volatilities in the case and assume a correlation coefficient of 0.1 between gas and electricity prices and assume a heat rate of 7.0MMBtu/MWh. First estimate the value of the half and hour option without any additional costs, and then build in the additional costs: (a) Variable charge for plant operating = L357.5 per half hour. NOTE: The letter L is used to denote British Pounds. (b) Gas transportation and plant startup/shutdown costs of 10% of total gas costs. Also provide the total expected profit for a full year after additionally considering fixed costs...
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...Concerning the Death Penalty by Joe Delgado Introduction In the article “The Case Against the Death Penalty,” which appears in Crime and Criminals: Opposing Viewpoints, Eric Freedman argues that the death penalty not only does not deter violent crime but also works against reducing the crime rate. Freedman says, “The death penalty not only is useless in itself, but counterproductive . . . ” (140). This paper will analyze Freedman’s article from the viewpoints of a middle-age working man, a poor person, and a politician. Summary Freedman argues that the death penalty does not deter crime. In his article, he argues that states that use the death penalty have crime rates nearly indistinguishable from those states that do not have the death penalty. He also adds that criminal cases in which the death penalty is sought are much more expensive to investigate and try, thus denying much-needed funds to programs that have been proven to reduce crime. A Middle-Age Working Man A middle-age working man would probably agree with Freedman’s point of view with relation to the financial aspect of capital punishment because Freedman talks about how much more the death penalty costs than life imprisonment. He says, “In Florida, each execution costs $3,200,000, six times the expense of life imprisonment” (141). The workingman would probably be amazed at how much the execution actually costs compared to how much life imprisonment costs. The workingman would probably wonder why...
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...Vincent Fernandez April 24, 2013 Mr. Greene NT1230 Lab 5.1 Exercise 5.1.1 Bridges standards which include bridging, spanning tree and others it links many of the other 802 projects. Such as 802.3(Ethernet) 802.11 (Wi-Fi) and 802.1b standards. Exercise 5.1.2 In June 2003, the IEEE approved a standard, IEEE 802.3af, for Power over Ethernet technology. The standard specified a 15.4W maximum power delivery from the network device, also known as power sourcing equipment (PSE), to an end device, also known as a powered device (PD). The average maximum power available to the PD is 12.95W after accounting for cable loss. This expands broader end device coverage such as Cisco IP phone 7941G-GE/7961G-GE/7985G and wireless access points http://www.networkworld.com/details/4681.html 802.3af, also known as Power over Ethernet, defines a way to build Ethernet power-sourcing equipment and powered terminals Exercise 5.1.3 In book Exercise 5.1.4 The numeric prefix before BASE in the Ethernet standards defines the speed of the cable. At the front of each identifier, 10 denote the standard data transfer speed over these media - ten megabits per second. Short for Baseband, this part of the identifier signifies a type of network that uses only one carrier frequency for signaling and requires all network stations to share its use. Lab 5.1 Review 1 Using Auto negotiation, it will choose the fastest speed. 2. Auto negotiation. IEEE created a feature collect. It decides the best...
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...PHOTOSHOP INSTRUCTIONS PHOTOSHOP INSTRUCTIONS 1. Open Photoshop TIPS Use the layers and ‘rasterize’ the layer for each image you use! TIPS Use the layers and ‘rasterize’ the layer for each image you use! To open a blank page:- 1. Click on File / New 2. Rename it Poster To Insert an image from your folder :- 1. File / Place and look for your image – double click on the image 2. Right click on the layer and choose rasterize layer – do this for all your images 3. Click on control and T to resize the image To get rid of the background of your image:- 1. Click on the Magic Wand tool to get rid of the background 2. CTRL and + to make bigger – use eraser to make neat To soften the edges of an image 1. Click on the layer of the image you want to change 2. Click on eraser tool and make sure the opacity is low (at the top) and rub around the edges (you can also use the smudge tool) To change colours / style of an image 1. Click on the layer of the image you want to change 2. Click on Image / Adjustments / Gradient map 3. Click on some of the others and experiment! Add Text 1. Add text 2. Right click to warp 3. Change styles of text More changes to style of text ….. Right click on the layer the text is on and choose blending options – experiment!! To add a background image 1. File / new 2. File / Place and look for your background image 3...
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...Derivatives - Future Contracts Future contracts are also agreements between two parties in which the buyer agrees to buy an underlying asset from the other party (the seller). The delivery of the asset occurs at a later time, but the price is determined at the time of purchase. Terms and conditions are standardized. Trading takes place on a formal exchange wherein the exchange provides a place to engage in these transactions and sets a mechanism for the parties to trade these contracts. There is no default risk because the exchange acts as a counterparty, guaranteeing delivery and payment by use of a clearing house. The clearing house protects itself from default by requiring its counterparties to settle gains and losses or mark to market their positions on a daily basis. Futures are highly standardized, have deep liquidity in their markets and trade on an exchange. An investor can offset his or her future position by engaging in an opposite transaction before the stated maturity of the contract. Example: Future Contracts Let's assume that in September the spot or current price for hydroponic tomatoes is $3.25 per bushel and the futures price is $3.50. A tomato farmer is trying to secure a selling price for his next crop, while McDonald's is trying to secure a buying price in order to determine how much to charge for a Big Mac next year. The farmer and the corporation can enter into a futures contract requiring the delivery of 5 million bushels of tomatoes to McDonald's...
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...Futures contracts provide for the delayed delivery of the underlying instrument as a fixed price or for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Fund is required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount which is referred to as the initial margin account. Subsequent payments, referred to as variation margin, are made or received by the Fund periodically and are based on changes in the market value of open futures contracts. The unrealized app.dep on future contracts is disclosed in the statement of net assets under “Unrealised app/dep on futures contracts”. Changes in the market value of open futures contracts are recorded as unrealized app/dep in the SOP and changes in net assets under “Change in net unrealized app/dep on futures contracts”. Realised gain or losses, representing the difference between the value of the contract at the time it was opened and the value at the time it was closed, are reported at the closing or expiration of futures contracts in the SOP and and changes in net assets under “Net realized gain/losses on futures contracts”. Securities deposited as initial margin account are designated in the statement of investment and cash deposited is recorded in the statement of net assets. A receivable and/ or a payable to brokers for the daily variation margin is also recorded in the...
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