Adjusted simple margin

The adjusted simple margin for BP is 60.02 basis points and is derived from the adjusted price of 100.12. The other one is known as adjusted total margin... 

There are several yield spread measures or margins that are routinely used to evaluate floaters. The four margins commonly used are spread for life, adjusted simple margin, adjusted total margin, and discount margin. To illustrate these measures, we will assume a floater that has a coupon formula equal to 3-month LIBOR plus 45 basis points and delivers cash flows quarterly. 

Once the adjusted price is determined, the adjusted simple margin is computed using the formula below ... 

Plugging this information into the equation for the adjusted simple margin we find that it is 55.458 basis points as shown below ... 

The adjusted total margin (also called total adjusted margin) adds one more refinement to the adjusted simple margin. Specifically, the adjusted total margin is the adjusted simple margin plus the interest earned by... 

The simple margin formula may be adjusted to take into account changes in the reference index rate since the last reset date. This is done by replacing the price in (131) with an adjusted price, defined using either (13.2a) or (13.2b) which assume semiannual coupons. 

At certain times, the simple margin formula is adjusted to take into account any change in the reference rate since the last coupon reset date. This is done by defining an adjusted price, which is either ... 

Unlike the coat hanger flat film dies, no simple final film adjustment is possible by lip flexing. Consequently, the order of magnitude of thickness accuracy in tubular dies is 10% as compared to 5% in flat sheet and film dies. This larger margin of accuracy in blown film dies is compensated by die rotation, which permits the distribution of the thickness variation across the entire width of the product. 

One should recognize that this procedure is not as simple as it appears because the scales used to measure the experimental abundances are unrelated to non-dimensional matrix elements. Namely, the experimentally reported abundances have to be adjusted so that spot abundances neither take the dominant role, simply by being expressed as large numbers, nor play a marginal role if expressed as small numbers obtained by using different scales in their measurements. One has to find a balance, which is not a trivial problem. Clearly a selection of the units used to measure abundance should not take preference, and some kind of normalization is essential. Fortunately, this problem has been already addressed. As outlined by Randi(5 et al. [101], a way to arrive at a matrix in which both the off-diagonal elements and the diagonal elements will have balanced roles is to normalize the... 

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