OpenDoc Programmer's Guide for the MAC OS
OpenDoc Programmer's Guide for the MAC OS
Essential COM
Electronic Notes in Theoretical Computer Science (ENTCS)
PPPJ '06 Proceedings of the 4th international symposium on Principles and practice of programming in Java
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Derivative contracts represent a very important and constantly growing financial segment of local and world-wide markets. To assure or even improve one's position in an environment characterised by permanently shortening product life and time to market cycles, global as well as local market players have to optimise the overall product design process. The inherent flexibility of derivatives creates both: nearly unbounded opportunities for new and innovative contracts and the pressure to use efficient methods for contract composition, processing, management and valuation. Techniques based on the concept of an ACTIVE DOCUMENT, a component-oriented approach, are able to offer novel solutions for these problems. This paper discusses ACTIVE DOCUMENT in the context of derivatives, sketches possible benefits when compared to state of the practice techniques and outlines new scenarios for ingenious usage of the added value of ACTIVE DOCUMENT systems.