the criteria ofthe compensation are difficult to be standardized other than other derivatives, the contract is written based on the Standards of ISDA (International Swap and Derivatives Association). Also, details are agreed upon specifically between the parties ofthe contract.
According to ISDA in 1999, six types of credit events are defined: failure to pay, bankruptcy, obligation accelerat
theobligation, to sell the underlying asset at a certain date for a certain price. Only a little extra work is needed to value put options. Basically , we just pretend that a put option is a call option and use the Black-Scholes formula to value it. We then use the put-call parity condition to solve for the put value. Put-call parity requires that
Put Option+Stock Price=Call Option+PV of Exerci
the project makes us accounting experts.
Cruise Industry has grown and continues to grow enormously in scale. It is frequently regarded as a small but significant sector ofthe tourism industry (Page, 2002), but this description is insufficient in recognizing inherent qualities and attributes that support the claim that cruising is an industry in its own right.
According to Ward (2011), the cr
Case abstract
RUSSIAN FEDERATION: Award in Case No. 166/1995 of 12 March 1996 ofthe Arbitration Tribunal of Russian Federation Chamber of Commerce and Industry
Case law on UNCITRAL texts (CLOUT) abstract no. 461
Reproduced with permission of UNCITRAL
Abstract prepared by Alexander Komarov, National Correspondent
Under an agreement concluded in October 1993, a Russian company, theseller,
the way, KT tried to turn 2G frequency into the LTE service, and now they are forcibly closing the 2G service.
First, Korea Communications Commission didn't permit this because this closing can be a damage for the customers using 2G. But in November, They took a side of KT, with a condition that guarantee the 2G customers' rights.
However, in opposition to KT, 150,000 2G users still argue thei