Bootstrapping the OIS curve in a South African bank

The financial crisis in 2007 highlighted the credit and liquidity risk present in interbank (LIBOR) rates, and resulted in changes to the pricing and valuation of financial instruments. The shift to Overnight Indexed Swap (OIS) discounting and multi-curve framework led to changes in the construction of interest rate zero curves, with the OIS curve being central to this methodology. Developed markets, such as the European (EUR), were able to adopt this framework due to the existence of a liquid OIS market. In the case of the South African (ZAR) market, the lack of such tradeable instruments poses the issue of how to construct or infer the OIS curve. Jakarasi et al. (2015) proposed a method to infer the OIS curve through the statistical relationship between SAFEX ROD and 3M JIBAR. The extension of the statistical relationship used by Jakarasi et al. (2015) to more statistically rigorous models, capable of capturing more information relating to the relationship between the rates, arises from the expected cointegrating relationship exhibited between rates. This dissertation investigates the implementation of such statistical models to infer the OIS curve in the ZAR market

Re- and preconfigurable multistable visible light responsive surface topographies

Light responsive materials that are able to change their shape are becoming increasingly important. However, preconfigurable bistable or even multi-stable visible light responsive coatings have not been reported yet. Such materials will require less energy to actuate and will have a longer lifetime. Here, it is shown that fluorinated azobenzenes can be used to create rewritable and pre-configurable responsive surfaces that show multi-stable topographies. These surface structures can be formed and removed by using low intensity green and blue light, respectively. Multistable preconfigured surface topographies can also be created in the absence of a mask. The method allows for full control over the surface structures as the topographical changes are directly linked to the molecular isomerization processes. Preliminary studies reveal that these light responsive materials are suitable as adaptive biological surfaces

Re- and preconfigurable multistable visible light responsive surface topographies

\u3cp\u3eLight responsive materials that are able to change their shape are becoming increasingly important. However, preconfigurable bistable or even multi-stable visible light responsive coatings have not been reported yet. Such materials will require less energy to actuate and will have a longer lifetime. Here, it is shown that fluorinated azobenzenes can be used to create rewritable and pre-configurable responsive surfaces that show multi-stable topographies. These surface structures can be formed and removed by using low intensity green and blue light, respectively. Multistable preconfigured surface topographies can also be created in the absence of a mask. The method allows for full control over the surface structures as the topographical changes are directly linked to the molecular isomerization processes. Preliminary studies reveal that these light responsive materials are suitable as adaptive biological surfaces.\u3c/p\u3