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A firm requires a clear policy regarding as to whether the credit should be authorized to a customer and if yes to what extent. Credit principles are set for making such decisions.
Thus a credit policy has two dimensions:
(1) Credit Standards
(2) Credit Analysis.
1. Let's look at the cash flow of the volatility (variance) spread swap: - ( σ 2 Nasdaq - σ 2 S & P 500 ) N 2 It is noticeable from this expression that investor
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use the operating cycle to formulate a broiler business
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