![Certificate Financial Engineering and Risk Management Part I](https://kzhu.ai/wp-content/uploads/2021/07/Coursera-54W7KRTSKTUC-1024x791.jpg)
My #64 course certificate from Coursera
Financial Engineering and Risk Management Part IColumbia University An amazing course from a prestigious university! This course touches...
![Level-payment mortgage](https://kzhu.ai/wp-content/uploads/2021/07/Financial-Engineering-and-Risk-Management-Part-I-34-724x1024.jpg)
Mortgage Backed Securities
Mortgage based securities are a particular kind of asset-based securities. They are asset-backed by underlying pools of securities...
![Defaultable bonds, defaultable ZCBs with no recovery](https://kzhu.ai/wp-content/uploads/2021/07/Financial-Engineering-and-Risk-Management-Part-I-29-724x1024.jpg)
Pricing Defaultable Bonds and Credit Default Swap
Defaultable Bonds A defaultable bond has these characters: We have to specify the probability of default by working...
![Term structure of interest rate, Binomial models for the short rate](https://kzhu.ai/wp-content/uploads/2021/07/Financial-Engineering-and-Risk-Management-Part-I-21-scaled-e1636896364927.jpg)
Financial Engineering: Term Structure Models
Fixed Income Derivatives Fixed income markets are enormous and in fact bigger than equity markets. Fixed income derivative...
![3-period binomial model, Pricing European call option, Pricing American put option](https://kzhu.ai/wp-content/uploads/2021/06/Financial-Engineering-and-Risk-Management-Part-I-14-724x1024.jpg)
Multi-Period Binomial Model
Multi-period binomial model Multi-period binomial model is really just a series of one-period model spliced together. When pricing...
![Swaps, Effective rates, Pricing interest rate swap](https://kzhu.ai/wp-content/uploads/2021/06/Financial-Engineering-and-Risk-Management-Part-I-7-724x1024.jpg)
Derivative Securities: Swaps, Futures and Options
Swaps Why do companies or entities construct swaps? Because they want to change the nature of cash flows,...