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Java FTP Component
Java Secure FTP, FTP, SSL, SSH
Java SSH, Java Telnet
Java Server Faces, JSF, AJAX
Managed File Transfer, JSCAPE Secure FTP Server, Linux FTP Server, Solaris FTP Server
SSH .NET
FTP .NET, FTPS .NET
Java FTP
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| Applications / Finance / WebCab Bonds (J2EE Edition) |
Analyze Treasury bonds, Yield, Zero Curve, FRAs, Duration/Convexity. General Interest derivatives pricing framework: set contract and vol/price/interest models and run MC.
Product Details:
WebCab Bonds implements the following functionality:
Fundamental Theory of Bonds
- Pricing and Yield
- Pricing - Discounted cash flows model
in accordance with the risk free interest rate
- Yield to Maturity (YTM) - the YTM (also
known as the Internal rate of Return (IRR) can be
evaluated for any bond where the market price and
the coupon payments until maturity are known.
- Treasury Price - evaluate the price
of a Treasury bond from the Treasury zero rates.
- Bond Yield - returns the yield of a
Treasury bond when the price and coupons are known.
- Par Yield - we provide methods for
calculating the Par Yield where the number of
yearly payments and the annuity may vary.
- Constructing the Zero Rate Curve - using the technique known as bootstrapping and linear
interpolation we our able to construct the zero
rate curve.
- Forward Rates and FRAs
- Evaluation of Forward Rates - the forward
rate for a given period can be evaluated from the
zero rates at the start and end of that period.
- Forward Rate Agreements (FRAs) - we provide
a method which shows to value of a FRA and the
cash flows when the contract is settled.
- Duration and Convexity
- Duration - the Duration of a bond, bond portfolio,
interest rate future and the rescaling of Duration according to
different interest compounding conventions.
- Duration based hedging - Duration-Hedge Ratio, Convexity
and its use in hedging interest rate risk.
Yield of Fixed-Interest Bonds on Interest payment dates
- Simple Yield to Maturity - As used in Japanese bond markets to
calculate the yield to maturity (simple yield to maturity) rather than the usual
compound interest method (redemption yield).
- Gross Redemption Yield - For an interest payment date the gross
redemption yield is given. We follow the convention in the US and UK to calculate and
express redemption yield as a yield per annum, convertible half-yearly.
- Net Redemption Yield - The gross redemption yield on an interest
payment date taking into account the investors income tax position.
- Holding period return - The yield over the period the stock was
held by the investor according to US and UK interest payment conventions.
- Rate of Payments - Knowing the series of payments of one per
interval payable in arrears for a number of intervals.
- Series of Payments - Knowing the rate of interest per interval and
the number of intervals.
In implementing the above procedures it has often be necessary to find solutions of
polynomial equations. In order to find these solutions we have used the following
techniques:
- Interval Bisection Method - A robust method that always finds a solution
or a singularity inside a bracketed interval.
- Newton-Raphson Method - Given a first approximation to a root and the
differential of the function this procedure will always produce a solution. We implement
this procedure for polynomial functions of one variable.
Interest Calculations
- Exponents and Series - Law of Exponents, Arithmetic Progression, Finite/Infinite Geometric Series
- Simple interest - a deposits value, Real worth, Real return
- Compound interest - Accumulated values, Real worth, Real return, Depreciation
- Effective and nominal interest - Real return, Force of interest
- Accumulated values of annuity-certain - Accumulated annuity certain in arrears, Accumulated annuity
certain in advance
- Present values
- Present value of annuity-certain
- Yield - Internal rate, Real and nominal
- Real returns - Bonds, Rate of return
This product also contains the following features:
- GUI Bundle - we bundle a suite of graphical user interface
JavaBean components (with 1, 2, 4 or site-wide license) allowing the
developer to plug-in a wide range of GUI functionality (including
charts/graphs) into their client applications
- EAR Files - we provide individual customized EAR files for
the most widely used application servers including IBM WebSphere 4.0/5.0,
BEA WebLogic 6.1/7.0, Oracle 9iAS, Sun ONE AppServer 7, Ironflare Orion
1.5.2/1.6.0, Borland AppServer 5.0, Sybase EAServer 3.6 and JBoss 2.4.4/3.0.0
- Self-Deploy - the relevant servers EAR file will be self-deployed
onto supported local application servers during the installation of the
self-install package. The supported application servers include IBM WebSphere
4.0/5.0, BEA WebLogic 6.1/7.0, Oracle 9iAS, Borland AppServer 5.0, Ironflare
Orion 1.5.2/1.6.0 and JBoss 2.4.4/3.0.0
- UML Models - to assist system architects we provide UML
diagrams of this component
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