> > > Model the pricing and risk analytics of interest rate cash and derivative products. We cover the fundamental theory of bonds including: Treasury bonds, Yield/Pricing, Zero Curve, Forward rates/FRAs, Duration and Convexity. We also cover the topics of Fixed-Interest bonds and interest based calculations.

> > Prices

> > > WebCab Bonds J2EE Edition
> > > Single CPU Server License | $399
> > > 2 CPU Server License | $523
> > > 4 CPU Server License | $784
> > > Unlimited Site Wide License | $1,098
> > > Demo License (limited functionality) | $0

> > > Prices are expressed in US Dollars.

> > 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
> > > - Interest Yield - A measure of the annual interest in relation to the amount invested is given in net or gross, before or after expenses.
> > > - 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

> > Prerequisites

> > > - An Operating System running JavaTM
> > > - Pentium III® 733 Mhz
> > > - 256MB RAM
> > > - A J2EE1.3 (EJB2.0) compatible Application Server
> > > Software requirements:
> > > - Java2 Enterprise Edition
> > > - JDK 1.3 or compatible

> > Compatibility

> > > Operating System for Deployment:
> > > - Windows XP, 2000, NT
> > > - Sun Solaris
> > > - Linux
> > > - IBM AIX
> > > - HP-UX

> > > Built Using:

> > > - JavaTM 2 SDK Standard Edition 1.3.1/1.4.x
> > > - JavaTM 2 SDK Enterprise Edition 1.3
> > > Application Servers:
> > > - IBM WebSphere Application Server V4.0/V5.0
> > > - BEA WebLogic® Server 6.1/7.0
> > > - Oracle® 9i Application Server
> > > - Sun ONE AppServer 7
> > > - Borland Enterprise AppServer 5.0
> > > - Ironflare Orion Server 1.5.2/1.6.0
> > > - Sybase EAServer 3.6
> > > - JBoss 2.4.4/3.0.0

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