![J.P. Morgan‘s Product From JP Morgan's website: "JP Morgan's BISTRO product is a synthetic CLO [collateralized loan obligation] where risk transfer is achieved via a credit default swap on a large portfolio of reference entities rather than through a sale of the specific assets. This allows banks to buy credit protection to mimic the regulatory capital treatment of a traditional securitization while preserving its competitive funding advantage. Specifically, an originating bank buys protection from JP Morgan on a portfolio of exposures via a portfolio credit default swap and JP Morgan, in turn, purchases protection on the same portfolio from the BISTRO SPV [special purpose vehicle]. The originating bank provides credit enhancement through retention of the first loss risk. The BISTRO SPV is collateralized with government securities that it funds through the issuance of notes, whose notional is substantially smaller than the notional of the reference portfolio. The BISTRO Notes are credit-tranched and sold into the capital markets." Source: http://www.safehaven.com/article-502.htm](https://image.slidesharecdn.com/smalltalkishot-090901104945-phpapp01/85/Smalltalk-Is-Hot-34-320.jpg)
Smalltalk Is Hot
- 1. Smalltalk is Hot Georg Heeg Executive Director STIC – Smalltalk Industry Council
- 2. STIC Industry Members Board Members Cincom Systems Instantiations GemStone Georg Heeg Treasurer Cherniak Software Sponsoring Member Precision
- 3. Byte Magazine August 1978: First time Smalltalk is mentioned
- 4. Richard Helmers Traveling upward (in the picture) through heavy seas we come to the pinnacle, a snow white island rising like an ivory tower out of the surrounding shark infested waters. Here we find the fantastic kingdom of Smalltalk, where great and magical things happen. (Byte Magazine Aug 1978, p. 18)
- 5. Magical Things? “ The World“ Phenomon Concept Class Object model 1:1 Viewpoint of the Domain Recognize, Define Instance
- 6. Magical Thinking Phenoma States Processes Data structures Procedures “ link“ running program model “ The World“
- 7. 1878 – 2008 Searching the Bach House in Köthen Two were found by modeling knowledge in Smalltalk
- 11. New VA Version
- 16. His arguments It‘s too easy to make a mess in Smalltalk
- 17. His arguments It‘s too easy to make a mess in Smalltalk Wrong: It‘s so easy to recognize the mess you made if the mess was made in Smalltalk
- 18. His arguments It‘s too easy to make a mess in Smalltalk Wrong: It‘s so easy to recognize the mess you made if the mess was made in Smalltalk All the other arguments James Robertson‘s BLOG Industry Misinterpretations
- 19. What Killed Smalltalk Could Kill Ruby, too Totgesagte leben länger
- 20. What Killed Smalltalk Could Kill Ruby, too Totgesagte leben länger There's life in the old dog yet.
- 21. What Killed Smalltalk Could Kill Ruby, too Totgesagte leben länger. There's life in the old dog yet. It's All Good: There Is No Such Thing As Bad Press!
- 27. Change The World is changing Everyday Change Unforeseeable Full of surprises
- 28. Change The World is changing Everyday Change Unforeseeable Full of surprises
- 33. J.P. Morgan BISTRO Invented by JP Morgan “ Primary product of the credit bubble” (Spiegel, 16 November 2008)
- 34. J.P. Morgan‘s Product From JP Morgan's website: "JP Morgan's BISTRO product is a synthetic CLO [collateralized loan obligation] where risk transfer is achieved via a credit default swap on a large portfolio of reference entities rather than through a sale of the specific assets. This allows banks to buy credit protection to mimic the regulatory capital treatment of a traditional securitization while preserving its competitive funding advantage. Specifically, an originating bank buys protection from JP Morgan on a portfolio of exposures via a portfolio credit default swap and JP Morgan, in turn, purchases protection on the same portfolio from the BISTRO SPV [special purpose vehicle]. The originating bank provides credit enhancement through retention of the first loss risk. The BISTRO SPV is collateralized with government securities that it funds through the issuance of notes, whose notional is substantially smaller than the notional of the reference portfolio. The BISTRO Notes are credit-tranched and sold into the capital markets." Source: http://www.safehaven.com/article-502.htm
- 35. J.P. Morgans Software KAPITAL Computerworld Honors Program Award 2004 Derivate risk management calculation system of world class Highly sophisticated object oriented design fast modeling of each thinkable Finance derivate model increasingly competitive Market reaction.
- 37. Why and How?
- 38. Do you remember Smalltalk? 9 October 2008 Mark Driver (Gartner): “ Smalltalk is a meal with a fine Bordeaux and a petit filet mignon” “ Java is a meal with a cold beer and a t-bone” “ Bottom line:” “ Smalltalk is cool again.”
- 39. Yes we can! Is an empowerment But an empowerment to what? What is the goal Yes we can! Only makes sense If we have a dream
- 40. Dream and Reality Martin Luther King “ I have a Dream” Barack Obama “ Yes we can.”
- 41. The Dream of the Smalltalker ?
- 42. WE HAVE A DREAM
- 43. WE HAVE A DREAM AND
- 44. YES, WE CAN WE HAVE A DREAM AND