Body of Knowledge

Financial Engineering
for Investment
Data Science
for Finance
Quantitative
Risk Management
Quantitative
Portfolio Management

Financial Engineering for Investment

The module "Financial Engineering for Investment" covers valuation across instruments and asset classes:
- the standard financial engineering materials on risk-neutral valuation for derivatives (Black-Scholes, martingales, etc.)
- non-linear actuarial pricing (distortion measures, risk premium arguments, etc.)
- company/deal valuation, typically more tied to the investment banking and strategic consulting professions (discounted cash flows, comparable analysis, etc.).
This module also covers the connections between valuation, instrument-specific sensitivities (the "Greeks") and the different risk factors in the market.
Finally, this module covers the techniques (Monte Carlo full repricing, analytical approximations, etc.) to model the value of the different instruments at the future investment horizon, in addition to their present value.

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TERMS OF SERVICE

Last Modified: November 1, 2017

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These Terms of Service also govern your use of text, images, videos, icons, graphics, data, and software code available on the Website, including, but not limited to, the ARPM Lab.

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Zorica Ivanovic
ARPM LLC
PO Box 21079
27 W 60th St.
New York, NY 10023
Phone: 929.260.4945
Email: zorica.ivanovic [AT] arpm.co

The notice should include all of following information:

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We cannot take any action until we have collected all of the information specified above. Please note that this procedure is exclusively for notifying us that your copyrighted material has been infringed.

If you believe in good faith that a notice of copyright infringement has been wrongly filed against you, then the DMCA permits you to send us a counter-notice. Notices and counter-notices must meet the then-current statutory requirements imposed by the DMCA (see Copyright.gov for details). All notices and counter-notices with respect to our Service should be sent to ARPM’s Designated Agent. If a counter-notice is received by the Designated Agent, then we may send a copy of the counter-notice to the original complaining party informing that person that we may replace the removed material or cease disabling it in ten business days. Unless the copyright owner files an action seeking a court order against the Content Provider, licensor, or User, the removed material may be replaced or access to it restored in 14 business days or more after receipt of the counter-notice, at our discretion. We suggest that you consult your legal advisor before filing a notice or counter-notice. Also, be aware that there can be penalties for false claims under the DMCA.

Code of Conduct
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• remove, alter, or conceal any copyright, trademark, or other proprietary notices from any Content you access through the Services;

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• upload, post, transmit, create, or otherwise make available Content or information that infringes any patent, trademark, trade secret, copyright, or other proprietary and lawful rights of any party.

Breach of Code
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Notices
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Service Components
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Changes
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Security
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Termination
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LIMITATION OF LIABILITY
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Assignment
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Governing Law; Venue; Jurisdiction
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Arbitration
Except to the extent invalid or otherwise prohibited by applicable law or public policy, for any claim arising or related to these Terms exceeding $10,000 (excluding claims for injunctive or other equitable relief), the party requesting relief may elect to resolve the dispute through final and binding arbitration in New York City, New York, before the American Arbitration Association (“AAA”) in accordance with its rules applicable to proceedings, and judgment upon any award the AAA may grant may be confirmed and entered in any court of competent jurisdiction. The arbitration will be conducted in English before a single arbitrator. The arbitrator will be a practicing lawyer duly licensed to practice law in the state of New York. The parties to the arbitration will share equally in the costs and expenses of the AAA and of the arbitrator.

Entire Agreement
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Non-Waiver
The failure to exercise or enforce any right or provision of these Terms of Service will not constitute a waiver of such right or provision.

SPECIAL PROVISIONS APPLICABLE ONLY TO SUBSCRIPTIONS TO THE ARPM LAB AND OTHER SUBSCRIPTION SERVICES OFFERED ON THE WEBSITE (COLLECTIVELY “TITLES AND EACH INDIVIDUALLY A “TITLE”).

End-User License Agreement
When you license a Title through ARPM, you acquire a revocable, limited, non-exclusive, non-transferable, non-sub licensable right to access the specified Title on the Website for a specified period of time (the “Subscription Period”) solely for your own non-commercial, personal end use and not for redistribution (the “Permitted Scope”).

Once the Subscription Period is over, your license to use and access the Title on the Website will expire, and your access may be terminated. In addition to accepting the terms of this End-User License Agreement, you must agree to the full ARPM Terms of Service, including without limitation all disclaimers of warranties and limitations of liability, to access the licensed Title on the Website. Additional terms, including without limitation, the length of the Subscription Period, may be included in the item description or receipt of purchase for the Title. Those additional terms are incorporated into this End User License Agreement, and you must agree to them to access and use the Title.

You are not permitted to sell, lease, license, rent, transfer, or in any manner distribute or permit others to use or access the Title. If you violate the terms of this End-User License Agreement, any specific license terms, or any part of the Terms of Service or your subscription is terminated early by you, then your license to access and use the Title may be terminated and you will not be entitled to a refund of any fee registration, licensing, or other fee paid by you to ARPM.

ARPM and its Content Providers retain all intellectual property rights in the licensed Title. Your intellectual property rights in your User-Generated Content are governed by the Terms of Service, this End User License Agreement and any independent agreements you may make with the Content Provider.

To the extent permitted by law, we may monitor your use of the Services in order to ensure your compliance with this End User License Agreement.

We strive to provide access to Titles on a continuous basis. However, you understand that access to the Title may be interrupted for reasons including, but not limited to: force majeure, acts of God, power outages, software issues, server downtime, programming errors, scheduled or unscheduled maintenance of the Website, and other related reasons. In the event of such an interruption of service, ARPM will take all commercially reasonable steps to ensure that access is restored within a reasonable time. For purposes of this End User License Agreement, the term “commercially reasonable” will mean reasonable efforts taken in good faith without an unduly burdensome use or expenditure of time, resources, personnel, or money.
The Subscription Period will begin at the time at which you are granted access to the Title. ARPM will grant access after account registration and receipt of full payment for the indicated Title.

ARPM Lab Specific License Terms
These specific license terms supplement the End-User License Agreement and apply to subscribers to the ARPM Lab. These specific terms prevail in the event of conflict with the End-User License Agreement or any other part of the Terms of Service.

An individual subscription to the ARPM Lab gives a license for only you to access the ARPM Lab, which includes the following interconnected channels: theory, simulation clips, codes, exercises, and slides.

Below are some examples of what you can and cannot do with the Content in the ARPM Lab.

What you CAN do:
You can electronically search across and view the full Content of the ARPM Lab.
*/ ?> You can transmit and circulate to others the permalinks to the 5 channels, during and after the Subscription Period.
You can modify the codes only while you are logged on to the ARPM Lab, but your changes will not be saved after you log out.
If you are a course instructor or professor for a university, you are permitted to copy and quote from the slides during classroom discussions provided, however, that you give ARPM proper attribution for same.
(collectively, the “Permitted Uses”).

What you CAN NOT do:
You cannot share your user ID or password and you cannot allow anyone but yourself to gain access to the ARPM Lab.
You cannot download, upload, copy, print, or save, even for your personal use, during or after the Subscription Period, any part of the theory, simulation clips, codes or exercises.
You cannot modify any part of the theory, simulation clips, slides, or exercises during or after the Subscription Period.
You cannot modify the codes during or after the Subscription Period, except as permitted under the Permitted Uses.
You cannot upload any ARPM Lab Content onto any site, during or after the Subscription Period.
Except as described in the Permitted Uses, you are not authorized to copy, reproduce, distribute, modify, publicly display, publicly perform, recompile, decompile, disassemble, reverse engineer, upload, download, store, transmit, create derivative works from or otherwise exploit or tamper with the Content in the ARPM Lab, during or after the Subscription Period, without our express written consent.
Except for the Permitted Uses or as otherwise expressly agreed by us in writing, you cannot use the ARPM Lab Content outside the Permitted Uses, before or after the Subscription Period.
You cannot assign, license or otherwise transfer your ARPM Lab subscription to anyone or any entity without our express prior written consent.

When your ARPM Lab subscription expires:
Except as expressly stated above, upon termination of your subscription by us or you, you hereby represent that other than the slides, which you may retain only for your personal use, you will not retain in your possession or under your control, in hard or soft copy, any ARPM Lab Content, unless expressly permitted by us in writing or as required by applicable law. To the extent applicable law requires you to retain certain ARPM Lab Content beyond the 30 day period, you agree to retain only to the extent required by applicable law.


ARPM, LLC
Attn: Compliance Department
PO Box 21079
New York, NY 10023
PRIVACY POLICY

Last Modified: November 1, 2017

Our Commitment to Privacy
ARPM’s Privacy Policy was developed as an extension of our commitment to combine the highest-quality products and services with the highest level of integrity in dealing with our clients and partners. The Policy is designed to help you understand how we collect, use, and safeguard the personal information you provide to us and to help you make informed decisions when using our site and our products and services. This statement will be continuously assessed against new technologies, business practices, and our customers’ needs. Personal information means data that allows someone to identify or contact you, including, for example, your name, address, telephone number, email address, as well as any other non-public information that is associated with or linked to any of the foregoing data. This Privacy Policy describes the treatment of information provided or collected on all linked pages owned and operated by ARPM, LLC (“ARPM”) and the ARPM Service (“Services”). This Policy is referenced in, and is an integral part of, the Terms of Service governing the ARPM website (the “Website”). We collect two basic types of information: data that you provide (“User-Provided Data”) and data collected via technology (“Website Collected Information”). We may use both types of data to create Anonymous Data.

User-Provided Data
ARPM requires certain personal information to enable registration, including your name and email address. If you participate in a course of study through the Website, or if your course of study is subsidized in part or in full by a third party with whom you are affiliated (“Sponsoring Organization”), then this information might be provided on your behalf by that institution. Other data that you provide by populating profile information or by using Website features, including all chats, posts, images, or other user inputs, are not required for Service usage and therefore are considered to be disclosed publicly and provided voluntarily. In the event that you purchase a product or service through ARPM, including but not limited to licenses to electronic books, courses, or other content, we may collect transaction information such as your postal address or certain payment information. We use a third-party intermediary to manage credit card processing, and your credit card information is securely transmitted to that intermediary directly. Your full credit card number is never transmitted to or viewed by anyone at ARPM. However, we are given and may print a portion of your credit card information on your receipt to let you know which credit card you used to make a purchase. Except to process your credit card information for current or future purchases through ARPM, this intermediary processor is not permitted to store, retain, or use your billing information. If we ever terminate the agreement with our current vendor, then information may be transferred to another certified payment processor.

Website-Collected Data
We may also collect some information that you don’t type in yourself, through the use of cookies and other software technologies such as Linked-In. In the case of data obtained through Linked-In, we only collect your name, photo, headline, current positions, and primary email address. Cookies are a feature of web browser software that allows web servers to recognize the computer used to access a website. They are small pieces of data that are stored by a user’s web browser on the user’s hard drive. Cookies can remember what information a user accesses on one web page to simplify subsequent interactions with that website by the same user or to use the information to streamline the user’s transactions on related web pages. This makes it easier for a user to move from web page to web page and to complete commercial transactions over the Internet. Like other Internet services, we automatically gather cookie data and store it in data stores each time you access the Website. The username that you use to log in to the system is stored in cookies on your computer. If you turn cookies off, you will not be able to use our Website. Cookies should make your online experience easier and more personalized. Our servers collect such information as your IP address, the type of computer operating system you’re using, which device and web browser you’re using, the frequency with which you visit parts of the Website, and other usage or technical data. This information is used to maintain and improve the internal operations of the Website.

Customized Learning Experience
In order to customize your learning experience within the Service, we may also collect information about your usage, such as assessments taken, videos watched, or progress made. This data may be stored and analyzed in order to best tailor the Service to your individual needs. If you participate in a course of study with an educational institution or a Sponsoring Organization through the Website, then this data may be shared with that organization to facilitate teaching and evaluation.

Anonymous Data
We may create Anonymous Data records from personal data, Website-Collected Data, and data obtained through services such as Google Analytics by excluding information that makes the data personally identifiable to you. We may use this Anonymous Data to improve the functionality of the Website. Furthermore, we reserve the right to aggregate and disclose Anonymous Data to third parties at our discretion.

How We Use Your Data
User feedback and usage trends provide valuable information about the quality of the Service. We reserve the right to review and monitor data on the Website for internal purposes, such as to troubleshoot issues, enforce our Terms of Service, or to improve the quality of the user experience. If you contact us with feedback or questions, to report a problem, or to request information from us, then we may use the information you provide to improve the Service and/or to respond to you. Any questions, comments, suggestions, ideas, feedback, or other information that you provide to ARPM in reference to the Service are non-confidential. We may use these submissions for any purpose, including for promotional purposes. We neither rent nor sell your personal information, though to provide the Services we may share some personal information with third parties who perform services on our behalf. These third parties are required not to use this information other than to provide services requested by us and are bound by confidentiality agreements with regard to any of your personal information. By using our Website, you expressly consent to the sharing of your personal information with our contractors and third-party service providers for the sole purpose of providing our products and services to you. We may send you information about your account (“Informational Emails”), such as password resets or notices of changes to the Service. We may also send you promotional information (“Promotional Emails”) about ARPM, such as announcements about new features or the availability of Website content. You may unsubscribe from Promotional Emails by following the opt-out instructions in those emails. If you opt out, you may still receive Informational Emails. We reserve the right, to the extent permissible by applicable laws, federal and/or state regulations, and/or valid court order, to disclose any information posted by any user as necessary to enforce our Terms of Service, to ensure the safety and security of our users, to protect our rights and those of our content providers, and to comply with the legal process, if we believe in good faith that such disclosure is required by law.

Retaining Your Data
We retain the personal information collected on this Website as long as necessary to provide the services, products, and information associated with their use or to fulfill the purposes for which they are needed, or as permitted by applicable law. All data is logged on our servers, which may be hosted by a third-party provider.

Securing Your Data
We utilize encryption/security software to safeguard the confidentiality of personal information we collect from unauthorized access or disclosure and accidental loss, alteration, or destruction. To the extent permitted by applicable law, we cannot be held responsible for any unauthorized person illegally obtaining that information.

Other Web Sites Linked to Our Web Website
We are not responsible for the practices employed by websites linked to or from our website, nor the information or content contained therein. Often links to other websites are provided solely as pointers to information on topics that may be useful to the users of our website. Please remember that when you use a link to go from our website to another website, our Privacy Policy is no longer in effect. Your browsing and interaction on any other website, including websites which have a link to our website, is subject to that website’s own rules and policies. Please read over those rules and policies before proceeding.

Messages And Other Communications
Communication with other members of the ARPM community is one of the Website’s features. Communications in the form of highlights, notes, comments, posts, chats, answers, votes, or other inputs that you share with other users are considered to be publicly disclosed to those users. Always use caution when giving out any personally identifying information about yourself through the act of discussions, chats, or other communication channels. To the extent permitted by applicable law, ARPM is not responsible for the personal information you choose to share within these messages or through the channels provided as a service of the Website.

Policy Changes
We reserve the right to interpret, add, delete, or modify all provisions contained in this Privacy Policy at any time without notice. Any changes to our Policy will be posted in this privacy statement. Your continued use of the Services following changes to the Privacy Policy will be deemed to constitute your acceptance of such changes. Please check the Website for changes.

Your Consent
By using our website, you consent to our collection and use of your personal information as described in this Privacy Policy. If we change our privacy policies and procedures, then we will post those changes on our website to keep you aware of what information we collect, how we use it, and under what circumstances we may disclose it.
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If you have questions or wish to send us comments about this Privacy Policy, please send an email with your questions or comments to info [AT] arpm.co, or write to us at:
ARPM, LLC
Attn: Compliance Department
PO Box 21079
New York, NY 10023
Copyright

27 W 60th St.
New York, NY 10023
Phone: 929.260.4945
Email: zorica.ivanovic@arpm.co


Please include the following information in your written notice (we prefer email):


1. Identification of the copyrighted work(s) claimed to have been infringed and the name of the copyright holder (either you or someone you represent).
2. A description of the nature and exact location of the material that you claim to infringe your copyright (or the copyright of someone you represent), in sufficient detail to permit ARPM to find and positively identify that material.
3. Your name, address, telephone number and email address.
4. A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent or the law.
5. A statement from you that the information in the notification is accurate, and under penalty of perjury, you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.
6. Your physical or electronic signature.


Upon receipt of a compliant notice, ARPM will take whatever action it deems appropriate, to remove, or disable access to, the material that is claimed to be infringing or to be the subject of the infringing activity.