"It's not how we make mistakes, but how we correct them, that defines us." - Anonymous
"There is no logical way to the discovery of these elemental laws. There is only the way of intuition, which is helped by a feeling for the order lying behind the appearance." - Albert Einstein
Today on (Un)Calculated Risk we welcome Shaun Rai, a Managing Director at Montague DeRose and Associates, as our guest contributor (and another outstanding IA client!).
Lots of people think rate models are the sole domain of astrophysicists who've gone through a career change. In this video, we break down the details of a simple but very powerful interest rate model that captures the fact that variable rates....well, vary. It's a companion to our Cashflow Model Example.xls and whitepaper on Interest Rate Models for Liability Management. Enjoy and let us know what you think!
Topics: interest rate model, financial model, SIFMA