Derivates in Market Essay example -- essays research papers fc

INTRODUCTION&8220A derivative instrument is like a razor, you faeces routine it to s generate and provoke yourself attractive for your girlfriend, you can slit your throat with it or you can practice it to commit suicide.&8217(Anon.) This statement describes to us the problems, and on the opposite consecrate rewards, that the proper use of derivatives can bring. The derivatives trade has developed responding to the uncertainty about prices, and therefore provided a means of separating out this price volatility. The tendency of the market to operate up or down in what appears to be a random manner has brought about the need for financial products which will protect or turn off the investor against the ill effects of market volatility. Certain types of derivatives cal lead Futures and Options might do just that if used properly. In this essay we look at certain types of derivatives called Futures and Options, and how hedgers / investors make use of them to their advantage as well as where the threats seem to lie when dealing with them in general.These derivative markets allow hedgers to avoid risk by transferring it to speculators who search it. We throw away all heard the phrase &8220keep your options open and it is along these lines that the Options derivative has arisen. As we know options are contractual arrangements giving the owner the right, but not the obligation, to cloud or sell something at a given price, at some time in the future(a). It is these Options in general that we want to address as they straits the investor the ability to create a wide variety of risk and return alternatives from the same underlying security. Futures, being exchanged-traded forward contracts, have also provided other woof to suit the needs of the holder and the advantages for and against these will also be looked at.After looking at the Futures and Options we will turn our attention to discussing the cases for and against the needs of provided adjust this market. This issue has been strongly reinforced since many big bets have gone wrong, such as the collapse of Barings and many others. Where do the faults lie which have led to these disasters and who if anybody is to blame? These are matters that will need to be looked at. To begin with lets focus our attention on Futures contracts .Advantages / Disadvantages from the use of Future Contracts- As the market for future contracts is appraise ... ...ld result in the avoidance of future disasters but more self-regulation could be encouraged and set in play also.The bottom line is that anyone in the derivative business really needs to be more careful and have more control over what they are doing. Again Partnoy in his book whipping says, &8220 Most of us enter the investment business for the same sanity- destroying reasons a woman becomes a prostitute.&8217 So if you do decide to invest you should go through the advice of the placement of Kansas Securities Commission which is &8220 Investigate before you invest.&8217BIBLIOGRAPHY- Edwards, W.H.W, Key Financial Instruments Understanding motivation in the World of Derivatives- Lewis, M, (1989), Liar&8217s Poker, Coronet Books.- Office of Kansas Securities Commission website.- Partnoy, F, (1997), drubbing declension in the water on Wall Street, Profile Books.- Piesse, J, Piesnell, K, and Ward, C, (1995), British Financial Markets and Institutions, Prentice Hall.- Pike, R, and Neale, W, (1996), Corporate Finance Investment, Prentice Hall.- Rutterford, J, (1993), Introduction to the Stock supervene upon Investment, Macmillan.- ensample handouts given out in Lectures Derivates in Market Essay example -- essays research papers fc INTRODUCTION&8220A derivative is like a razor, you can use it to shave and make yourself attractive for your girlfriend, you can slit your throat with it or you can use it to commit suicide.&8217(Anon.) This statement describes to us the problems, and on the other hand r ewards, that the proper use of derivatives can bring. The derivatives market has developed responding to the uncertainty about prices, and therefore provided a means of separating out this price volatility. The tendency of the market to move up or down in what appears to be a random manner has brought about the need for financial products which will protect or hedge the investor against the ill effects of market volatility. Certain types of derivatives called Futures and Options might do just that if used properly. In this essay we look at certain types of derivatives called Futures and Options, and how hedgers / investors make use of them to their advantage as well as where the threats seem to lie when dealing with them in general.These derivative markets allow hedgers to avoid risk by transferring it to speculators who seek it. We have all heard the phrase &8220keep your options open and it is along these lines that the Options derivative has arisen. As we know options are contrac tual arrangements giving the owner the right, but not the obligation, to buy or sell something at a given price, at some time in the future. It is these Options in general that we want to address as they offer the investor the ability to create a wide variety of risk and return alternatives from the same underlying security. Futures, being exchanged-traded forward contracts, have also provided another choice to suit the needs of the holder and the advantages for and against these will also be looked at.After looking at the Futures and Options we will turn our attention to discussing the cases for and against the needs of further regulating this market. This issue has been strongly reinforced since many big bets have gone wrong, such as the collapse of Barings and many others. Where do the faults lie which have led to these disasters and who if anybody is to blame? These are matters that will need to be looked at. To begin with lets focus our attention on Futures contracts .Advantage s / Disadvantages from the use of Future Contracts- As the market for future contracts is standardised ... ...ld result in the avoidance of future disasters but more self-regulation could be encouraged and set in play also.The bottom line is that anyone in the derivative business really needs to be more careful and have more control over what they are doing. Again Partnoy in his book FIASCO says, &8220 Most of us enter the investment business for the same sanity- destroying reasons a woman becomes a prostitute.&8217 So if you do decide to invest you should take the advice of the Office of Kansas Securities Commission which is &8220Investigate before you invest.&8217BIBLIOGRAPHY- Edwards, W.H.W, Key Financial Instruments Understanding motivation in the World of Derivatives- Lewis, M, (1989), Liar&8217s Poker, Coronet Books.- Office of Kansas Securities Commission website.- Partnoy, F, (1997), FIASCO Blood in the water on Wall Street, Profile Books.- Piesse, J, Piesnell, K, and Ward, C, (1995), British Financial Markets and Institutions, Prentice Hall.- Pike, R, and Neale, W, (1996), Corporate Finance Investment, Prentice Hall.- Rutterford, J, (1993), Introduction to the Stock Exchange Investment, Macmillan.- Specimen handouts given out in Lectures

The Significance of Chapter 34 in Jane Austens Pride and Prejudice Ess

The Significance of Chapter 34 in Jane Austens Pride and PrejudicePride And Prejudice is a 19th Century romantic novel written by JaneAusten in 1813, it presents a true representation of societysexpectations towards marriage and love at the time. It focuses on twocentral characters Miss Elizabeth Bennet and Mr Darcy and theirlove-hate relationship.Elizabeth the second eldest daughter of five sisters is an goodlywoman with a lively disposition, strong-minded determination and awoman who religiously sticks to her principles. As Mr Bennet saysdescribing his daughter, Lizzy has something more of a quicknessthen her sisters.Mr Darcy on the other hand is an extremely handsome man butunfortunately very proud and detached and his character is consideredrather aloof and disagreeable. He was the proudest virtually disagreeableman in the whole world.In Pride And Prejudice Jane Austen shows the reader how Elizabethovercomes her prejudice of Mr Darcys pride.Marriage at the time when the novel w as written was perceived veryother than to how it is thought of today. Getting married was seen asa necessity to gain financial security for the female, it was more ofan arrangement, a business proposal to benefit twain sides of theparty. Love was not a prerequisite and nor was being in love asuitable reason to get married. As in the marriage talks withElizabeth and her friend Charlotte Lucas, Charlotte sums up her viewand every other womans view on marriage. Happiness in marriage ispurely a matter of chance.The reason for this being is that subsequently a father died in the familythe house and the land were meant to go to the oldest son, or in MrsBennets case Mr Bennets cou... ...ionis the incentive for Mr Darcy to write the letter to Elizabeth to tryand change her sight of him. Did it soon make you think better ofme? Even at the end of the novel Elizabeth admits the profoundeffect that the letters had on her. She explained what its effect hadon her had been, and how step by s tep all her former prejudices had beenremoved.After the events of chapter 34 Mr Darcys character changessignificantly, because of Elizabeth he has overcome all his selfishand overbearing character traits which prevented her from loving himwhich was what he truly wanted as he was attracted to theliveliness of her mind. You taught me a lesson, hard indeed atfirst, but most advantageous. By you, I was properly humbled. Thislesson he would have never learnt or experienced if it werent for herrefusal in the proposal of Chapter 34.

Lifes Too Short :: essays research papers

Lifes Too Short     Often times when the normal get up or upstanding citizen turns on the TVand sees a young portentous man rapping ab appear the hood they are usually turned off.Stereotypes come in to play and the channel is switched without even consideringwhat message that human being is trying to convey.When listening to rapper Too Short and his cry "Gettin it", you here a band of stereotypes being defied. The song is about getting out of the hood andmaking a good life for yourself. Most of society just assumes that these youngblack rappers have no brains and no sense of purpose for life. Too Shortssong "Gettin it" tells a different story. Too Shorts successes portraythe dream that kids have growing up in the hood. Those kids dream of gettingrich at a young age and living like a true "player" for the rest of theirdays. They regard to drive around in a benz and have girls fill the whole intimacy. What these kids dont understand is t hat Too Short didnt get to wherehe is by pimping or change drugs, he got to where he is by some simplistic rulesdiscussed in his song "Gettin it".     First of all, an important ingredient to the song is how it appeals tokids. With its ghetto beat and monster bass the song is something that kidsfeel cool listening to. This is his first success ingredient, getting theattention of his audience so that they will listen to his message. His messageis of course the best thing about the song. It explains to kids to "stop justhangin out, set your self some goals, think positive, and keep hustling".Too Short has got to the financial level hes at, by following the keysthat he describes in his song, not by following the stereotypes that parentsturn off of the TV. Acting ghetto, for appeal, and rapping with a sweet rythymtongue was only the bare minimum of what he need to rise to the top of therapping industry. Studies show that the majority of successful people are notlucky, nor are they geniuses. Successful people usually follow three simplekeys that are outlined in Too Shorts song.The first key to success is the ability to take action and go out and getwhat you want out of this life. Too Short talks about this when he says, "yougot to get a good job and set your self some goals think positive, and neverstop hustling". The reality owes you nothing, you have to do the right things, or

Introduction to Macrobiotics Essay -- Philosophy Philosophical Paper

Introduction to Macrobiotics Macrobiotics is one of the many alternative fodders that has gained popularity in the United States over the last couple decades. Michio Kushi introduced macrobiotics to current York City in the 1970s. Proponents of macrobiotics contend that it is not merely a diet, but a philosophy that, if properly observed, will ensure emotional, physical, spiritual and mental well-being. technical physical health is necessary before emotional, physical and spiritual wellness can be cultivated. See Foundation for the Macrobiotic Way Macrobiotic possible action is based on the ancient Chinese philosophy of yin and yang as interpreted by George Oshawa, a self- proclaimed expert in the macrobiotics world. The principle of yin and yang as use to food creates a spectrum with yin at one end and yang at the other. Whole grains are at the center of the spectrum, and are considered the best food to eat. Drugs are the most yin, with sugar, cheese, fruit, water, nuts, vegetab les and beans dropping progressively closer to the center of the spectrum. Refined salt is the most yang with eggs, meat, fowl, and fish approaching the mean. The standard macrobiotic diet recommends that 50-60% of calories come from whole grains, 25-30% from land vegetables, 5-10% from sea vegetables and 5% from soups. Only 6% of calories should come from protein. Fat should be avoided. Only foods that are natural and organic should be eaten if at all possible. The macrobiotic diet emphasizes adopting ones diet as seasons and environments change. In spring and summer food that requires less fire in cooking should be eaten. Only in colder months, when food is used as a source of heat, should fire be used in cooking. Therefore, people who live in hot places ... ... built around balance. However, the very essence of a macrobiotic diet deprives an individual of ever achieving a balanced diet. All of the scientific studies advised people on macrobiotic diets to increase their consumpti on of fish, modify and dairy products in order to maintain normal development in children and obtain the proper vitamins and nutrients. Works CitedAmerican Dietetic Association. Position Paper on food and nutrition misinformation on selected topics. Journal of American Dietetic Association. 197466 277-80. Dagnelie P.C., Van Staveren W.A. and Hautvast. Stunting and nutrient deficiencies in children on alternative diets. Acta Paediatr Scand. 1991347 111-118. Dagenlie PC, Van Staveren WA, Klaveren JD and Burema J. Do Children on macrobiotic diets show catch up growth? European Journal of Clinical Nutrition. 1988 421007-16.

Animation Essay -- essays research papers fc

bread and butter     My personalised enjoyment with animation has inspired me to write this essay,pertaining to animation. Since I was a child I have been fascinated withcartoons from when they started out to be black and white, and until now withfull colour and computer effects. To better perceive what my personal feelingsabout animation are, I must first discuss in full detail, a general overview ofhow animators bring traditional animation alive with motion.     Animation seems like a smooth movement of drawn sequences of artwork,pasted together to form a single sequence of animation. This is the soil ofanimation, but animation is uttermost simpler than it may seem. "The true meaning ofanimation is that it is a series of drawings strung together to cause theillusion of smooth fluent movement."1 But the subprogram of creating this so-called illusion, is a pain staking process during which artists must spendtremendous hours of ag ony to produce solely seconds of animated film.     Before an animator goes about creating an animation he or she must havethe knowledge of several rules of animation, which animators around the worldfollow. The first rule of animation is that an animator must hold theunderstanding of the techniques utilise to produce single cells of animation.Second rule, and one of the most important ones is that, the animator must havegreat patience, so that his or her piece of artwork is not rushed, to preventthe animation from looking choppy and not as smooth as it should look. Finallywhat is required from an animator is "it takes commitment and effort to make thebasis of animation come alive with fresh ideas."2 The following is not a rule ofanimation, but is often taught to animators around the world. "Animators wereoften taught that animation is only limited by the imagination and skills of itscreators."3 Using these rules animation companies hire artists who are familiarwith the rules previously discussed, but to create a feature full-lengthanimation you need more than just these rules. Below the process of creating afeature full-length animation depart be discussed in further detail.     To create a traditional animation requires a team of cooperative artistsand editors. It also demands a collective, c... ...r generated graphics and animation, I believe that thetrue admirers of the art of animation will always have a nostalgia for thetechniques first used by the pioneers of animation.Reference1.Comptons Encyclopedia, 1991 edition, Vol.3, "Cartoons."2.Randy McCallum, Cinemation (British Columbia Motion Works Inc., 1992), p. 19.3.ibid., p. 23.4.Edward Desmond, "Beyond Mickey Mouse," Time (Nov.1.1993), p. 32.5.Toolworks Encyclopedia, 1992 edition, CD ROM, "Animation."6.ibid., CD ROM.7.Comptons Encyclopedia, 1991 edition, Vol.3, "Cartoons"8.Toolworks Encyclopedia, 1992 edition, CD ROM, "Animation."Bibliography1.Brown, Robert. "Cartoons." Comptons Encyclopedia, (1991), Vol.3, pp. 163-165.2.Desmond, Edward W. "Beyond Mickey Mouse." Time, Sept.27,1993, pp. 42-47.3.Elmer, Philip. "Video Game Boom." Time, Nov.1,1993, pp. 16-20.4.McCallum, Randy. Cinemation. British Columbia Motion Works Inc., 1992, pp. 1--193.5.Redmond, John R. "Animation." Toolworks Encyclopedia, (1992), CD ROM.6.Young, Harvill. "3D Imaging Technology." MacWorld, Sept.1,1992, pp. 276-285.

Animation Essay -- essays research papers fc

Animation     My personal enjoyment with verve has inspired me to write this essay,pertaining to animation. Since I was a child I feel been fascinated withcartoons from when they started out to be black and white, and until now withfull colour and computer effects. To better perceive what my personal feelingsabout animation are, I must first discuss in full detail, a general overview ofhow animators bring traditional animation brisk with motion.     Animation seems like a liquified movement of drawn sequences of artwork,pasted together to form a single sequence of animation. This is the basis ofanimation, but animation is far simpler than it may seem. "The true sum ofanimation is that it is a series of drawings strung together to create theillusion of smooth fluent movement."1 But the affect of creating this so-called illusion, is a pain staking process during which artists must spendtremendous hours of agony to produce only seco nds of animated film.     Before an animator goes about creating an animation he or she must havethe knowledge of several rules of animation, which animators around the worldfollow. The first rule of animation is that an animator must hold theunderstanding of the techniques used to produce single cells of animation. split second rule, and one of the most important ones is that, the animator must havegreat patience, so that his or her piece of artwork is not rushed, to preventthe animation from sounding choppy and not as smooth as it should look. Finallywhat is required from an animator is "it takes commitment and effort to make thebasis of animation come alive with fresh ideas."2 The following is not a rule ofanimation, but is often taught to animators around the world. "Animators wereoften taught that animation is only limited by the tomography and skills of itscreators."3 Using these rules animation companies hire artists who are familiarwith the rules previously discussed, but to create a feature full-lengthanimation you need much than just these rules. Below the process of creating afeature full-length animation will be discussed in further detail.     To create a traditional animation requires a team of cooperative artistsand editors. It also demands a collective, c... ...r generated graphics and animation, I believe that thetrue admirers of the art of animation will always have a nostalgia for thetechniques first used by the pioneers of animation.Reference1.Comptons Encyclopedia, 1991 edition, Vol.3, "Cartoons."2.Randy McCallum, Cinemation (British Columbia Motion Works Inc., 1992), p. 19.3.ibid., p. 23.4.Edward Desmond, "Beyond rice paddy Mouse," Time (Nov.1.1993), p. 32.5.Toolworks Encyclopedia, 1992 edition, CD ROM, "Animation."6.ibid., CD ROM.7.Comptons Encyclopedia, 1991 edition, Vol.3, "Cartoons"8.Toolworks Encyclopedia, 1992 edition, CD ROM, "Animation. "Bibliography1.Brown, Robert. "Cartoons." Comptons Encyclopedia, (1991), Vol.3, pp. 163-165.2.Desmond, Edward W. "Beyond Mickey Mouse." Time, Sept.27,1993, pp. 42-47.3.Elmer, Philip. "Video Game Boom." Time, Nov.1,1993, pp. 16-20.4.McCallum, Randy. Cinemation. British Columbia Motion Works Inc., 1992, pp. 1--193.5.Redmond, John R. "Animation." Toolworks Encyclopedia, (1992), CD ROM.6.Young, Harvill. "3D Imaging Technology." MacWorld, Sept.1,1992, pp. 276-285.