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With the emergence and widespread adoption of credit derivatives, determining the price volatility of a credit default swap has become fundamental to fixed income trading and valuation. The author asserts that this problem has not received adequate treatment, and presents a brief case study that compares the modeled durations of three synthetic bonds with the duration of actual bonds. An alternative modeling approach is proposed that might better match the actual duration.

An overview of the impact of dementia that focuses on underdeveloped countries across the globe, and migrant and minority ethnic communities within the developed world. Increased longevity increases the risk of dementia and brings new challenges in terms of cultural perspectives and cultural obligations in the care of elders. The chapter examines these challenges in detail and their consequences in planning for support and care.