Random
Source Code
Random
(FINANCE) patent pending a financial derivative that splits the value of underlying asset in various proportions, each of which has a specific seniority level (less senior cannot be executed before the senior one). It allows the owner to claim either fixed monetary value or variable value share of underlying asset, depending on the specific Tranched Value Security's seniority.
A Tranched Value Security (TVS) allows one to get a risk and return exposure to the specific level of underlying asset price risk, as opposed to previously existent derivatives that allowed to do so with the entire asset price only. Within such design of financial security, owner of TVS is able to reap significant profits by taking limited risk.
One could issue a Senior and Junior Tranched Value Securities, each having a variable value share of 50%, and fixed value share of $40, backed by (say) one Bitcoin when it's price was $100. If consequentially the Bitcoin price declines to $80, the Senior TVS would remain at $50 (0% return), while the Junior TVS would become $30 (-40% return). With subsequent price correction to $110 per one Bitcoin, both TVSs would have a claim of 50% of market price ($55), making the return of Senior TVS +10%, and return for Junior TVS +83%.
Buying a Senior Tranched Value Security is a way to get a long position in the underlying asset's potential returns, with significantly limited downside potential.
Buying a Junior TVS is a way to get substantial return potential, surpassing that of leveraged positions, while having no chance of being liquidated.
Selling a Tranched Value Security (TVS) is a way to get rid of the desired either upper (exposing oneself to greater returns) or lower part (exposing oneself to less volatile returns) of price risk of underlying asset.
3👍 2👎
derived from military security levels for access to classified info. i use it on a person or persons who needs permission before they are allowed to speak based on past experiences of saying the stupidest shit you've ever heard; use it especially on those who have a tendency to speak before thinking; i put 5 because thats the highest level i've heard in the army but you can use any number depending on how stupid the remark and your friends or random people are.
after she asked "how do you know when volcanoes are active" anferny and i determined she required a level 5 security clearance before being allowed to ask questions again.
11👍 20👎
something airwing marines hide under for protection from the "whole marine concept". easily identifiable by recognizing emphasis on words such as "mos credibility" or "quals" or "knowledgeable" (which by the way, isnt a fucking word). these marines insist they know everything, and in their world (the flightline) they do. these marines are usually poor leaders, outstanding mechanics, and nothing that hinders the faintest resemblance of a marine. some can shoot a rifle, some can run a good pft, some of them go to college, some of them pursue resident military education, some of them do some things. but none of them do all of it. they pick and choose areas to focus on, and hide from the rest of the world in the comfort of an MOS. they are also known for back dooring real marines with any desire of mos progression. some have speculated tihs is a result of fear, disdain, and others simply as a self preservation tactic to keep the standard at a level low enough to achieve.
dont listen to him he has been victimized in the airwing security blanket pandemic. that guys a shit bag, outside of the airwing, the marine corps would eat him alive and he knows it. you can be just like him, or you could start pting, shooting a rifle, attending pme, and i dont know, develop into a leader. i guess its up to you.
5👍 11👎
A Double Butterburger with cheese and a side of cheese curds to-go from Culver’s.
All Alec wanted for his birthday was a double with curd and a bag secured.
1👍 1👎
ssi office in greater san diego area where workers regularly revoke ssi rights of long time receipients including the severely mentally challenged/ brain damaged and the lifelong deaf and blind.
A deaf man got his ssi payments cut off at the el cajon social security office yesterday after receiving benefits since the age of 3.
20👍 7👎
FNAF: Security Breach is the latest installment into the Five Nights at Freddy's franchise. Soon after it was released, Scott Cawthon released the saddest video game news ever: he was retiring, and selling FNAF to someone else. We can only hope that someone who will treat the game with respect bought/will buy it. Although it's the newest installment, someone just released a trailer for Five Nights at Freddy's: Security Breach DLC. In the trailer, 3 new contenders step into the ring: Glamrock ____, Glamrock ______, and even Glamrock _______!
I'm not gonna tell you what Glamrocks are gonna appear in the Five Nights at Freddy's: Security Breach DLC because yes.
Frank Sinatra
A worldwide HF secure voice network developed to fulfill DOD long-haul, secure voice (radiotelephone requirements.
I have no idea why i put this in here
2👍 2👎