> > > WebCab Fixed-Interest Bonds contains methods which enable the developer to implement models for the pricing of fixed-interest bonds. We cover interest yield (US and UK), simple yield to maturity (JGB), gross/net redemption yield, current price, holding period return (US and UK), duration and yield curves according to expectation theory.

> > > New Features: Self-Deploy, EAR Files

> > > By clicking the self-install package the EJB component will be automatically deployed onto a supported local EJB application server. We also include multiple EAR files designed for each of the most widely used application servers (see details).

> > Prices

> > > WebCab Fixed-Interest Bonds v2.1
> > > Single CPU Server License | $248
> > > 2 CPU Server License | $327
> > > 4 CPU Server License | $491
> > > 8 CPU Server License | $687
> > > Unlimited Site Wide Server License | $1,031
> > > Demo License (limited functionality) | $0

> > > Prices are expressed in USD.

> > Product Details

> > > WebCab Fixed-Interest Bonds implements the following functionality:
> > > - Interest Yield - A measure of the annual interest in relation to the amount invested in 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 the US and UK interest payment conventions
> > > - Duration - Known as the effective mean term or discounted mean term, is the mean term of the present value of payments received is given, assuming that the coupon payments are made in equal half-yearly installments and that the present time is an interest payment date
> > > - Yield Curves - The gross redemption yield according to expectation theory assuming the bond is priced at par
> > > - Rate of Payments - Knowing the series of payments of one per interval payable in arrears for a number of intervals
> > > - Current Price - The current price according to the coupon and gross redemption yield
> > > - Series of Payments - Knowing the rate of interest per interval and the number of intervals

> > > In implementing the above procedures it has often be nessesary 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 nds a solution or a singularity inside a bracketed interval
> > > - Newton-Raphson Method - Given a first approximation to a root and the differential of the functon this procedure will always produce a solution. We implement this procedure for polynomial functions of one variable

> > > Within our treatment we have generally assumed that bond metrics have been evaluated on interest payment dates. Applying our metrics on other dates will not lead to significant errors within senarios encountered within financail markets.

> > > This package also contains the following features:

> > - EAR Files - we provide individual customized EAR files for the most widely used application servers including IBMWebSphere 4.0/5.0Beta, BEAWebLogic 6.1/7.0, Oracle 9iAS, Ironflare Orion 1.5.2/1.5.4, Borland AppServer 5.0, Sybase EAServer 3.6 and JBoss 2.4.4/3.0.0Beta
> > - 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 4.0/5.0Beta, BEA WebLogic 6.1/7.0, Oracle 9iAS, Borland AppServer 5.0, Ironflare Orion 1.5.2/1.5.4 and JBoss 2.4.4/3.0.0Beta
> > - Synthetic JDBC - we use a JSP component to perform EJB calculations on SQL database columns from a remote DBMS. We apply an EJB function to certain rows from the database and list the output in HTML format. This is a powerful feature since it allows you to perform calculations in a JDBC manner without having to hardcode the EJB-to-JDBC transaction yourself as it is all done by the JSP within the Application Server
> > - Rational Rose Models - to assist designers of large enterprise applications we include Rational Models of the home and remote interface
> > Prerequisites

> > > - An Operating System running JavaTM
> > > - Pentium III® 733 Mhz
> > > - 256MB RAM
> > > - A J2EE1.3 (EJB2.0) compatible Application Server
> > > - Space required: 10Mb
> > > 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

> > > Architecture of product: 32 bit
> > > Tool type: Component
> > > Component Type: Enterprise JavaBeansTM

> > > Built Using:

> > > - JavaTM 2 SDK Standard Edition 1.3.1/1.4
> > > - JavaTM 2 SDK Enterprise Edition 1.3

> > Application Server
> > - IBM WebSphere Application Server V4.0
> > - BEA WebLogic® Server 6.1/7.0
> > - Oracle® 9i Application Server
> > - Sun iPlanet Application Server 6
> > - Borland Enterprise AppServer 5.0
> > - Ironflare Orion Server 1.5.2/1.5.4
> > - Sybase EAServer 3.6
> > - JBoss 2.4.4/3.0.0Beta

> > ©1999-2002 WebCab Components