The credit exposure, which is influenced by (I) any existing contracts and (II) risk mitigants such as netting and collateral, The default probability of the counterparty. TriggerTech is pleased to be the trigger provider for their Modern Sporting Rifles and Bolt Action Guns. Exposure and default distribution are mapped separately into a bivariate distribution. If you look closer, the incremental CVA looks pretty much like the original CVA. As a point of comparison, my CVA Wolf (which does not have a scope) weights about 6.25 pounds. This gives rise to two types of recovery: settled and actual recovery, $$\small{\begin{array}{|l|l|}\hline\textbf{Recovery (Settled/final)}&\textbf{CVA}\\ \hline\text{20% both}&-2,072\\ \hline\text{40% both}&-1,999\\ \hline\text{60% both}&-1,862\\ \hline\text{10%/40%}&-1,398\\ \hline\end{array}}$$. I'll have to shorten the screw enough to be able to get a good torque on. In addition to being a little faster than I was expecting, these are among the most consistent velocities Ive ever obtained while shooting a muzzleloader. (Photo: CVA) Metalwork is nitride treated and Cerakoted. Identify examples of wrong-way collateral. Paramount HTR Accura Wolf See Accessories Explore all guns PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. Contact Us. Basically, PowerBelt went with a smaller diameter bullet because it was easier for them to build a longer and more aerodynamic .45 caliber bullet that weighed less than a .50 caliber bullet with the same BC. $$\small{\begin{array}{|c|c|c|}\hline\textbf{Maturity} & \textbf{USD} & \textbf{EUR} \\ \hline\text{1Y} & 50 & 35\\ \hline\text{2Y} & 73 & 57\\ \hline\text{3Y} & 96 & 63 \\ \hline\text{4Y} & 118 & 78\\ \hline\text{5Y} & 131 & 91\\ \hline\text{7Y} & 137 & 97\\ \hline\text{10Y} & 146 & 103\\ \hline\end{array}}$$. While that happens, the value of the portfolio to the dealer will be positive, and therefore the dealers exposure will be increasing. We firmly believe our manufacturing process utilizes the best of the modern workplace: human spirit, knowledge and skill combined with cutting edge machinery and technology. This is a win for the airline because they will now be buying cheap. That is why TriggerTech is pleased to be their first choice when it comes to which trigger goes in their guns. Too hot. This matches a RV of about 69% in the event that Italy defaults using five-year quotes (91/131). Euro-denominated have a large quanto effect and as such, CDS are cheaper by about 30% for all maturities. Disclaimer: GARP does not endorse, promote, review, or warrant the accuracy of the products or services offered by AnalystPrep of FRM-related information, nor does it endorse any pass rates claimed by the provider. What kind of MV are you getting? I was ready to box the whole rig up and take it back. And the average MV for the 102 gr group was 2390 fps and the 99 gr group was 2375 fps. Calculate DVA, BCVA, and BCVA as a spread. The best example here is the FX case. I personally think that is an overly optimistic BC, but the PowerBelt ELR is still a very aerodynamic projectile that has a significantly higher BC than typical muzzleloader bullets. Fortunately, Ive gotten to test out a CVA Paramount and see what its capable of for myself. Sign up to get interesting news, updates, special events, and sales delivered directly to your inbox. To top it off, some muzzleloaders simply arent capable of the accuracy necessary to consistently hit game at extended range either. PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. Featuring a custom designed Grayboe stock that is 8 ounceslighter than its predecessor in .45 caliber, and 2 ounces lighter in .50 caliber, this new stock also features an adjustable cheek riser that can be set high for use withthe most powerful optics or low for use with the new Micro-Adjust Williams peep sight. Fortunately, the loads fired by the CVA Paramount retain kinetic energy exceptionally well. The direction of WWR is not always clear. Come On! 2 low at 100yrds, then the next round isnt even on paper?! Describe debt value adjustment (DVA) and bilateral CVA (BCVA). For a better experience, please enable JavaScript in your browser before proceeding. This will cause the banks exposure to spike and reduce the value of collateral at the same time. This yields an annual spread expressed in basis points. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. Savage 110 Triggers "worstRating": "1" Of particular interest is the threaded muzzle, done at 3/4x20, seldom found on muzzleloaders. So how does the CVA Paramount actually shoot? It has also been argued that large dealers represent more WWR than smaller credit quality counterparties. I just need to do it by the end of the year. $$\text{CVA}_{i}^{incremental}=\text{CVA}_{NS+i}-\text{CVA}_{NS}$$, The ability to calculate the incremental CVA helps the trading desk to attach a risk charge to every new trade brought in by a trader or sales person. One of the key issues that arise when analyzing CCR is a wrong-way risk, defined as theriskthat occurs when exposure to a counterparty is adversely correlated with the credit quality of that counterparty. First, mount a good scope on it. So far it shoots the Parker Productions 310 gr Black Max HB under moa at 100 yards. about Paramount Pro V2 product details. The .45 caliber shows 1:22 twist rate, and while not yet announced, we expect the 50-caliber to match. We will repair or replace your Timney Triggers in the event it becomes damaged or defective--at no charge to you. Our triggers come with a satisfaction guarantee and warranty for the products lifetime enabling you to buy with confidence. Talked to owner of shop and he said try 140gr volume charge and he emailed cva while I was on the phone with him. The counterparty will be required to spend more of the local currency to deliver U.S. dollars as agreed; the risk of default, therefore, increases. For this, like all premium CVAs, the PARAMOUNT features a custom quality, free-floating Bergara barrel in Nitride treated stainless steel. I've been interested in a CVA Paramount since its introduction so I decided to get it from Muzzle-loaders.com when it went on sale recently. I think going without the wad with accuracy is only due to the Arrowhead Rifles Gen II ignition upgrade I did on this rifle. Compared with the previous example, we can see that the BCVA is reduced from the (unilateral) CVA calculation of 12 bps. The brake reduces recoil nicely and I shot 16 loads from 102-105 gr by wt BH209 today with some 300 gr bullets. The Paramount Pro Colorado weighs an acceptable 8.75 lbs and has a 26-inch (3/4X24) free-floating barrel with a 1:22-inch twist. I picked up my CVA Paramount from the shop yesterday and the modification to the Bad to the Bone muzzlebrake was a success. . Thus, Alpha Inc. provides credit protection to Metropolitan in the event Bank ABC defaults on its obligations. The Paramount comes with a pack of 15 PowerBelt ELR bullets, but youll probably shoot through them faster than you anticipate. The barrel comes with CVA's Nitride treatment over stainless steel. I made a couple changes to the CVA Paramount. Connecticut Valley Arms (CVA) has long been a powerhouse in the black powder hunting world. I'm looking forward to seeing how you like the brake when it's all finished up. These long guns were engineered to handle what the company calls super-magnum charges of Blackhorn 209 propellant. But in cases where theres a sudden jump in exposure, collateral does very little in the way of mitigating WWR, For example, if there happens to be a 20% currency devaluation that coincides with sovereign default, collateral is rendered almost useless because it may not be received at all. The bank will pay interest denominated in Brazilian reals (BRL) and receive in USD. If you subscribe to the theory that 1,500 foot pounds of energy is a good minimum threshold for hunting elk and 1,000 foot pounds of energy is a good minimum rule of thumb for hunting deer, then those CVA Paramount loads are acceptable for elk out to 300 yards and out to past 450 yards for deer. Rather than exhibiting a correlation, the relationship between two events may be a cause-and-effect type of relationship. Paramount HTR Accura Wolf See Accessories Explore all guns PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. New for 2023 is the PARAMOUNT PRO V2, our lightest and most versatile PARAMOUNT ever. Principles for Sound Stress Testing Practices and Supervision, Country Risk: Determinants, Measures, and Implications, Subscribe to our newsletter and keep up with the latest and greatest tips for success. The CVA as a running spread is computed as follows: $$\begin{align*}\frac{CVA(t,T)}{CDS_{premium}(t,T)}&=-EPEX^{CDS}\\&=-6\%2\%\\&=-0.12\%\\&=-12 \text{basis points}\end{align*}$$. The figure below helps to visualize the problem with derivatives. This approach can be implemented relatively tractably, as credit spread paths can be generated first, and exposure paths only have to be simulated in cases where a default is observed. Default probability, PD, is the marginal probability of default between dates \(t_{i-1}\) and \(t_{i}\). with a properly placed lung shot the bullet does fragment some but still passes through. Sighted in 3" high at 100 yards as the book states. Yeah, took the brake off and it shot under 1.5moa first group. Instead of calculating the CVA as a stand-alone value, we can also express it as a spread (annual charge). The sovereign defaults currency is made on the basis of 92 historical defaults and is shown in Table 1 below. My first four shots with the bolt-action Paramount HTR grouped at about six inches on steel at 400 yards. This .50 caliber muzzleloader still offers all of the great features of the standard Paramount but is built more for the long-range mountain hunter. $$\text{CVA}=-LGD_{C}\sum_{i=1}^{m}EE(t_{i})PD_{c}(t_{i-1},t_{i})$$, $$\text{DVA}=-LGD_{P}\sum_{i=1}^{m}EE(t_{i})PD_{p}(t_{i-1},t_{i})$$, NEE = negative expected exposure (EE from the counterpartys perspective), PandCindicate the party making the calculation and their counterparty respectively. No safety & bolt stop release CVA Paramount Instructional Video Part 5. more videos. I dont claim to be the worlds best shot, but Ive been consistently getting sub-1 groups at 100 yards with the 140 grain by volume load of Blackhorn 209 and the PowerBelt ELR bullet. The problem associated with WWR transactions such as CDS and CCPs is that it is difficult to quantify the WWR component in defining initial margins and default funds. Figure 2 above shows paths of interest rates generated given defaults incase correlation is negative. Looking at bonds, a given cashflow is fully at risk (theres a chance all of it will be lost) in the event of a default. Hopefully this will save someone some heartache and components. I have a T-Rex CSTM on my custom build. If the counterparty is very close to default, the CVA tends to decrease (become more negative), $$\small{\begin{array}{|l|l|}\hline\textbf{Spread (bps)} & \textbf{CVA}\\ \hline150 & -1,074\\ \hline30 & -1,999\\ \hline600 & -3,471\\ \hline1,200 & -5,308\\ \hline2,400 & -6,506\\ \hline4,800 & -6,108\\ \hline9,600 & -4,873\\ \hline\text{Default} & 0\\ \hline\end{array}}$$, Credit: The xVA Challenge Counterparty Credit Risk, Funding, Collateral, and Capital by Jon Gregory, As a result, the CVA will be lower (more negative) for an upward-sloping curve compared to a flat and a downward sloping curve. A past recoil shield is plenty for me, doubt my wife would care much for it though. The PARAMOUNT and PARAMOUNT PRO are unlike any other muzzleloading rifle on the market. Weighing in at 280 grains, PowerBelt advertises a ballistic coefficient of .452 for the bullet. JavaScript is disabled. For black powder hunters seeking modern conveniences for traditional seasons, CVA has things covered. Surgeon and McMillian are industry leaders when it comes to producing precision rifles - they offer superior engineering, best-of-breed design, precision craftsmanship, and superior ergonomics. It is built upon the recognition that the creditworthiness of both parties in a bilateral contract matter. "name": "Remington 700 Triggers", None through the MZ. Black or Silver, LV-1K Kit Varmint It is important to note that wrong-way risk does not arise with fixed-rate loans. Thats part of the reason why the CVA Paramount is relatively heavy: additionalweight helps tame recoil to a certain degree. CVA CASCADE Series Replacement Triggers Rifle Basix currently manufactures high quality aftermarket / replacement triggers for the CVA Cascade series bolt action rifle. Each and every Timney is calibrated and hand-tested before leaving our door. 26" Threaded Barrel, Accura LR-X Cerakote FDE/Nitride/Veil Wideland, Accura MR-X Cerakote Sniper Grey/Nitride/Veil Alpine, SKU: PR3222NM/ PR3223NM/ PR3223N/ PR3223NW, Accura MR-X Cerakote Sniper Grey/Nitride/Realtree Rockslide, Accura LR-X Cerakote Patriot Brown/Nitride/Realtree Hillside, PARAMOUNT Realtree Hillside/Nitride - .45 Cal. I couldnt get my butt out of bed this morning to beat the heat but heres the rifle all finished and ready to go. At expiry, Alpha stock has a price of $45, and the put is, therefore, ITM with a value of $5 (ignoring the premium). However, the value of collateral will decline. While that may not seem like much, ounces add up quickly when toting a rifle over hunting terrain all day. https://www.patreon.com/VaughnprecisionTract Opticshttps://www.tractoptics.comOther great channels.! CCPs tend to not associate credit quality and exposure. Full refund on brake and 2 free packs of ELRs for the trouble. I only brought up kinetic energy because it is a factor that we can easily measure and because kinetic energy can give us an idea how much power there is for expansion and penetration (which are both essential for quick, ethical kills) after hitting an animal at a given range. As an ex-post measure, it is determined after the portfolio CVA has been calculated and then allocated to trades, In other words, the marginal CVA is found by breaking down the CVA for any number of transactions into transaction-level contributions that sum to the total CVA. Calibrating the correlation being talked about, is difficult since the correlation is not clear. For maximum comfort and stability, the PARAMOUNT stock supports the barrel upon an internal aluminum chassis and offers full ergonomic adjustability of both length-of-pull and comb height. Thats because if the institution happens to default when its MTM exposure is negative, the institution will only pay the counterparty the recovery amount, which is just a fraction of what they owe. A related point has much to do with recovery timing: Whereas CDSs are settled quickly following a default event either by way of a CDS auction cash settlement mechanism or the sale of the debt security in the market, bilateral OTC derivatives take time to settle. A swap trader, for example, can take on the task of pricing the swap as if it were risk-free and then rely on someone else in the office to determine the counterparty risk charge. Paramount HTR Accura Wolf See Accessories Explore all guns PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. For the fixed rate payer, a positive correlation with credit spreads implies higher interest rates in default scenarios, leading to a higher positive exposure and higher wrong-way risk. No safety & bolt stop release I learned several things. When it gets back I hope to get out and shoot it more for the head to head shootout against my Fierce Carbon MZ. Under the terms of the deal, the commercial bank (the counterparty) will deliver developed market currency (USD) in return for local currency. So, how does the CVA Paramount do in each of these areas and get around the shortcomings most muzzleloaders suffer from? Moreover, all members have to provide an initial margin and also make contributions to the default fund that serves as an extra layer of cushion. But with the price of oil so low, the value of the forward contracts to the dealer is also low. That charge was getting the sleek .40 caliber 225-grain ELR bullet out of the muzzle of the 26-inch Bergara barrel at an astounding 2,850 f.p.s. Especially when shooting Blackhorn 209, the Paramount is easy to clean. As a result, international accountancy practices now recognize that all trades have bilateral counterparty risk. Having determined the CVA as a spread, the trading desk can now estimate approximately the P&L impact of this by pricing the same swap but paying 12 bps more on the pay leg (or receiving 12 bps less on the receive leg). Factory trigger.. smokes all but Browning factory triggers in crispness.. has some adjustments and is nice right out of the box. Explain how netting can be incorporated into the CVA calculation. To quantify WWR, the risk manager has to model the relationship between credit, collateral, funding, and exposure. This means I will earn a small commission if you make a purchase. The only difference is that the original stand-alone EE is replaced by the incremental EE: $$\text{CVA}=-LGD\sum_{i=1}^{m}EE(t_{i})PD(t_{i-1}, t_{i})$$, The incremental EE is the change in EE at each point in time caused by the new trade, which impacts the original exposure. 26" Barrel, Accura V2 Stainless Steel with Realtree Edge Camo Stocks and Fiber Optic Sights, Accura V2 Stainless Steel with Black Stocks and Fiber Optic Sights, ACCURA V2 50 Cal SS/Realtree APG with KonusPro 3-9x40 IR and case outfit, ACCURA V2 .50 Cal SS Nitride Barrel with APG Camo Stock, KonusPro 3-9x40 IR Scope and Case Outfit, ACCURA V2 .50 cal 27" SS Nitride with Realtree APG Thumbhole Stocks - .50 Cal. The same approach may also be applied to other counterparties. Should have been sold with at least a radial brake. In addition to helping moderate recoil, heavier rifles also provide a more stable shooting platform, which is another reason why theyre popular with benchrest shooters. During the same period, Cortanas stock has plummeted after a landmark lawsuit loss against another firm. While it comes from the factory set at approximately 3 pounds, its also adjustable from approximately 2-4 pounds. CVA has released a new model of the Paramount Pro for 2023, termed the Paramount Pro V2. Bilateral CVA is CVA that incorporates an entitys own credit risk into the derivative valuation process. DVA is actually a benefit to the defaulting institution. Additionally, the Paramount is also specifically designed to use the new .45 caliber PowerBelt AeroTip ELR bullet. I am a fan! After completing this reading, you should be able to: Explain the purpose of Read More, After completing this reading, you should be able to: Describe and compare different Read More, After completing this reading, you should be able to: Describe counterparty risk Read More, 1. Our FRT triggers offer an exceptionally crisp break (like a glass rod) and we guarantee your accuracy and precision will improve. After completing this reading, you should be able to: Valuation of counterparty risk refers to the practice of attaching a value to the risk of all outstanding positions with a given counterparty. Further, GARP is not responsible for any fees or costs paid by the user to AnalystPrep, nor is GARP responsible for any fees or costs of any person or entity providing any services to AnalystPrep. For me it has everything a hunting scope needs a nice lighted reticle with clearly visible hash marks. It can also be interpreted as the expected value or price of counterparty risk. This results in a wrong-way risk for the dealer. Our patented TKR Technology ensures reset is extremely short yet remains tactile and forceful enough that you will make follow-up shots with more accuracy, precision and confidence. Well designed, well made. Should get the plug back next week I assume then finally give this rifle some time outside the house. You are using an out of date browser. Get Guns.com offers and news!! The CVA Paramount is a high-end muzzleloader and requires a good quality scope for best performance. But theres trouble if an increase in exposure coincides with a decrease in the value of collateral. Probably the only part even made by CVA was the brake. Our patented Frictionless Release Technology does not rely on coating, polishing, lubricating or reducing the key engagement surfaces to enhance performance. Black or Silver, LV-1 Replacement CVA recommends using standard (as opposed to magnum) large rifle primers for the best overall performance, though both will work. $2,069.00 - $2,109.00. Had a Hawke 2.5-10 illuminated 30mm tube scope mounted in Warne steel rings on Warne steel bases and bore sighted. The Big Game Hunting Blog is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com, Amazon.co.uk, Amazon.ca, Amazon.com.au, and other Amazon stores worldwide. While were on the subject, the CVA Paramount is set up to use a sling as well as a bipod (bipod not included). This will put intense pressure on the credit quality of the dealer. When such losses are imposed on members, the CCP puts itself at the risk of becoming insolvent. 26" Threaded Barrel with Micro-Adjust Williams Peep Sight $2065.00 SKU: PR3521N about Paramount Pro V2 product details PARAMOUNT PRO V2 Stainless/Nitride - .45 Cal. In short, it is the risk that defaultriskand credit exposure will show an unfavorable dependence and tend to increase together. Some of these older CVA locks have an adjustment screw on the top of the tumbler. Its a high quality rifle that shoots very accurately and is a massive step up in performance compared to the other muzzleloaders Ive hunted with. i.e., Losses resulting from a clearing member shall be included in the resources dedicated by that clearing member to compensate for the resulting losses. The barrel is made from 416 stainless steel and is nitride treated for corrosion resistance. The front was, the rear screw works. , Alpha Competition Series for Glock Gen 3-4, The 7 Essential Traits of a Great Hunting Rifle. The VariFlame breech plug is a CVA registered feature, and this muzzleloader is designed for use with the highly effective PowerBelt ELR bullets. "@type": "Product", Finally, the CVA Paramount comes with a special loading tip for your ram rod to keep you from damaging the bullet tip while loading. Trying to improve accuracy and crossing off possible solutions. This series is best described by its precision and long-range capabilities. In addition, cash flows may be fixed, floating, or contingent. This is supposed to be a 200 yard zero. An accessory pack including PowerBelt ELR bullets, VariFlame primer casings, loading tool for VariFlame casings, collapsible loading rod, cleaning/range rod, and a Quake CLAW sling comes standard with every PARAMOUNT rifle. We talked about converting it with a carbon wrapped barrel. Compared to its. Our patented TKR Technology minimizes overtravel so your sight picture experiences less disruption and sets you up for the perfect reset. PARAMOUNT PRO V2 Stainless/Nitride - .45 Cal. The probability that the bank will default when it has a large negative exposure is large. Bergara put a pretty nice muzzleloader together for us, CVA shoulda got the brake from them too. I'll try to make an effort to get over to my gunsmith and have him open up the Bad to the Bone brake to 0.500". We're committed to producing the world's finest triggers for our loyal customers here in America, and we proudly guarantee each and every trigger we build for life. I shot the recommended load of 140 by volume / 98 grains by weight. Bergara B-14 Triggers A CDS with the counterparty as the reference entity attracts a premium of approximately 200 basis points per year. Dont try to get cheap here. It is suppose to operate freely in the mortise as well. So, its pretty clear that CVA was trying to strike a balance between the Paramount being heavy enough to moderate recoil and assist hunters in placing their shots appropriately, but still light enough that its not too difficult to carry through the woods or up a mountain on a hunt. Note that while CVA does provide three loose powder tubes with volume markings on them, the company recommends carefully measuring powder loads by weight using a scale for the most precise measurement. The downside is that really heavy rifles are not a lot of fun to carry around all day, which is why hunting rifles normally are a lot lighter than rifles designed for benchrest shooting. During a recent trip to the range, a guy a couple lanes over walked over to see what I was shooting. - KonusPro 3-10x44 IR, Optima V2 Stainless Steel, Black Stocks with KonusPro 3-9x40 Scope and Accessory Outfit, Optima V2 Stainless Steel and Black Stocks with Fiber Optic Sights Accessory Outfit, Optima V2 Stainless Steel, Black with KonusPro 3-9x40 Scope and Case Combo, Optima V2 LR Thumbhole, Stainless Steel, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, Optima V2 Nitride, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, Optima V2 Stainless Steel, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, SKU: CR3981, CR3983, CR3985, CR3987, CR3989, CR3990, CR3991, CR3995, CR3997, CASCADE SB (Short Barrel) Cerakote Graphite Black/Veil Tac Black, Scout .444 Marlin Stainless Steel, Black Stocks and Konus 3-9x40, Scout .44 Magnum Stainless Steel, Black Stocks and Konus 3-9x40, Scout .45-70 Stainless Steel, Black Stocks and Konus 3-9x40, Scout .450 Bushmaster Stainless Steel, Black Stocks and Konus 3-9x40, Scout .35 Whelen Stainless Steel, Black Stocks and Konus 3-9x40 Scope, Scout .450 Bushmaster Stainless Steel with Black Stocks, Threaded 3/4x24 to fit CVA's Paramount Muzzle Brake. To do so, we divide the CVA by the unit premium of a risky annuity value for the maturity in question. FRT increases your accuracy by eliminating long and heavy pull-weights. Describe the various wrong-way modeling methods, including hazard rate approaches, structural approaches, parametric approaches, and jump approaches. In this case, the derivatives have a positive value (exposure) to the oil producer and a negative value to the derivatives dealer. This would present a classic case of wrong-way collateral. #1 Paramount pro colorado has landed! Describe wrong-way risk and contrast it with right-way risk. The company also states that they had issues with standard 209 primers swelling and being really tough to remove after firing the heavy powder loads the CVA Paramount uses. I went through powder charges from 105 to 98 gr BH209, by weight, with the Parker Productions 310 gr Black Max HB. Next, buy the CVA Paramountfunnel, which will also greatly assist with loading and reduce the odds that youll spill some of that powder you so carefully measured. TriggerTech is trusted as a preferred trigger supplier by a growing number of leading original equipment manufactures. Too lazy. But what about their killing power? Endorsement Disclosure: Per the guidelines of the Federal Trade Commission, the product reviewed here is an endorsement and I received compensation by in-kind payment to review the product. . are all important. "ratingValue": "5", Our triggers are designed to operate in the harshest environments imaginable - housings are designed to minimize contamination and our Frictionless Release Technology will continue to perform at an elite level in situations where friction-based triggers fail. In other words, an institutions DVA is the counterpartys CVA. That includes things like a ratingdowngrade, poorearnings, or litigation. This is evident in the photo below comparing a PowerBelt ELR to a .50 caliber 250 grain PowerBelt AeroLite (.174 BC).While all black powder substitutes are safe to use in the CVA Paramount, CVA recommends two loads for the Paramount with the 280 grain PowerBelt ELR: 140 grains by volume (98 grains by weight) or 150 grains by volume (105 grains by weight) of Blackhorn 209. This increases overall counterparty risk and produces wrong-way risk. Nitride treated fluted Bergara Stainless Steel barrel with Cerakote, Threaded 3/4x20 (.45 cal), 3/4x24 (.50 cal). My muzzlebrake measures .489 ID. Not too clunky on my rifle. It will definitely NOT be back on the rifle. Out of three other bullets tried with and without wads, the most accurate is the Parker Productions 310 gr Black Max HB without a wad. The reverse is true for a negative value. It is a bolt action gun, which makes it very different than most other muzzleloaders you have ever seen. Loaded and ready. The problem gets worse if the dealer has concentrated (many) short positions because there will be a flood of claims tabled by various parties (possibly other airlines). Assuming that the EE is constant over time and equal to its average value, EPE, CVA as a running spread is computed as follows: $$\frac{\text{CVA}(t,T)}{CDS_{\text{premium}}(t,T)}=-\text{EPE}X^{\text{CDS}}$$, \(CDS_{premium}(t,T)=\text{unit premium value of a CDS (risky annuity)}\), \(X^{CDS}=\text{CDS premium that corresponds to the maturity date T (credit spread)}\). However, the events of the 2007/09 financial crisis deconstructed and poked big holes in this assumption, seeing that several large institutions previously considered financially invincible and too big to fail went down. Advantages: -100% seal every time between breech plug and module-Guaranteed! The RV is time-homogeneous which is in line with the approach discussed above. No safety & bolt stop release