... evaluation framework 3.1 QUEEN: Estimation ofthe quality of anautomatic summaryWe are now looking fora function QM,x (a) thatestimates the quality of an automatic summary a ∈ A, given a set of ... QARLA, forthe evaluation oftext summarisation systems. The in-put oftheframework is a set of man-ual (reference) summaries, a set of base-line (automatic) summaries and a set of similarity ... paper, we introduce a probabilistic framework, QARLA, that addresses such issues.Given a set of manual summaries and another set of baseline summaries per task, together with a set of similarity...
... the ambiguity ofthe termrepresentation while maintaining the idea ofa stage of higher-level visual processing. Abbreviations— V & G: Vartanian and Goel (2004); K & Z: Kawabata and ... is the advantage of studying reactions to real art and the disadvantage that any two works of art differfrom each other in several different respects, so that the actual factor responsible for 394 ... Kawabata and Zeki (2004) found activity associatedmostly with beautiful images, was most active after a reward and decreased itsactivity after punishment, whereas the activity in the lateral...
... toincrease the health ofthe population and lower the cost of health carethan can treatment of illness.In this article, a conceptual framework is proposed for the management of public health and ... have changed dramati-cally in the past years, and as a result, policy with respect tomanaging tobacco usage behavior also has changed. The re-lationship of behavior management and externalities ... act asmanagers wish. If a libertarian were to allow any form of "Carrots, Sticks, and Promises / 29 a good understanding of and accommodate the target'sMOAs and the trade-off of free...
... Ueyama and Baroni evaluated the results through a manual classification of the retrieved pages and by qualitative analysis of the words that are most typical ofthe Web corpora.We are also interested ... for the fact that 6 over 100 documents in the 3esl sub-corpus pertained to the rather narrow domain of aviation and space travel, while no comparablynarrow topic had such a large share ofthe ... in the relevant lan-guage, excluding function words, while Ueyamaand Baroni (2005) built corpora of Japanese usingseed words from a basic Japanese vocabulary list.Both Sharoff and Ueyama and...
... Theta-Alpha bandactivity on central and temporal channels (TL, TR, CLand CR) for further analysis of our results from univariateanalysis. In Table 1 we analyze the spectral biomarkers of the ... representation approach and the signal modelling approach in the univariate andbivariate cases.Once the features were available, classification was per-formed using a simple linear discriminant analysis ... resultacross the different brain lobes was obtained for the Alpha band (where the highest score of 72.5% wasachieved) and the Beta band over the frontal lobe. For the Gamma bands, WT also obtained relatively...
... many changes afoot in the areas of exchange regulation and clearing.’HARVEYL.PITTChief Executive Of cer of Kalorama Partners and former Chairman ofthe Securitiesand Exchange Commission‘Particularly ... Minneapolis Grain Exchangemn. millionMTF Multilateral Trading FacilityN .A. , n .a. not applicableNASD National Association of Securities DealersNASDAQ National Association of Securities Dealers ... represent theof cial stance of Barclays Capital. The International Capital Market Association’s sponsorship of this publication aims to promote research and the continuing development ofthe market....
... growth of exchange-traded derivatives in the past decade has been accompanied by an increasinginternationalisation ofthe markets and their clearing arrangements.46Insti-tutional and individual ... netting and risk management, as well as transaction/position man-agement, collateral management and cash management. The scope of nettingand risk management services that a CCP can offer is ... involves the functions of processing new collateral and evaluating the value on a dailyor ongoing basis. Theevaluationof collateral can be complex. Collateralneeds to be evaluated on an ongoing basis...
... inbilaterally cleared markets.61 A correct calculation ofthe cost of capital wouldthus also have to take these aspects into account. Again, due to the complexity of this calculation, its various ... risk management requirements can be regarded asan offset forthe risk assumed by the CCP forthe clearing members and for the savings in risk management gained from utilising the services ofa CCP.60In ... case ofa guarantee, a six-month to one-year interest rate can be employed, depending on the nature of the guarantee. Additionally, it has to b e taken into account that guarantees incur further...
... gather quantitative cost data via the questionnaire was expected ex ante, a ‘workaround’ enabling a cost calcula-tion was devised. The workaround consisted of collecting qualitative infor-mation ... firm, the more likely he or she will be able to provide a comprehen-sive assessment ofthe cost of capital.37 The evaluationofthe cost of capitaldepends on the characteristics ofthe clearing ... interviewed clearing member representative.35Trading arcades are firms that offer individual traders access to trading platforms and clearing services.Arcades offer traders a place where they can work...
... vital. As the analysis has shown, the organisa-tion of derivatives clearing could serve as a role model for other parts of the European market infrastructure.As outlined above, to evaluate the ... fullyunderstanding the respective value provision of their clearer. It is thereforedoubtful whether they can accurately assess the adequacy of intermediarycharges. The remaining four NCMs had a good and ... of analysis facilitates the comparison ofthe per-contract fees charged by clearing houses byequalising the different contract values. Although it can be assumed that the contract value is at...
... connection of new marketplaces as a means to increase scale are the level of automationand the use of standard interfaces. The higher the level of automation and the more common the use of standard ... other parts ofthe transaction value chain. The trust and collateral management effects can positively impact the liquidityand allocation of capital. Negative effects on the trading layer can ... counterparty,while the efficiency gainsto – at least large – market participants can be considerable.130In addition,if a CCP manages both the cash and derivative sides ofa market place, it cantake advantage...
... those ofthe partnering clearing houses. Nonetheless, these dynamics ultimately shaped the benefitsand drawbacks ofthe clearing link; they thus play a crucial role forthe analysis ofthe network ... houses (the OCC, the CME and ECAG) and has maintainedits status as Europe’s largest exchange-traded derivatives CCP.45Market participants can apply for admission as either a General ClearingMember ... only allowed to clear their own transactions, ClearingMembers can clear their own transactions, their clients’ tr ansactions and those of affiliated exchange participants that do not have a clearing...
... potential forthe realisation of network effects and economies of scale andscope. The Transaction Cost Impact Matrix and the Efficiency Impact Matrixanalyse whether or not these demand- and supply-side ... sep-arately ; the y are instead described as part ofthe specific merger case study.Additionally, the question of whether M& ;A activities are suited to integrateEuropean clearing is addressed ... initiative was undertaken long enough ago to furnish a fairly substantial per iod for analysis. On the other hand, the merger is recentenough to constitute an adequate concept forthe analysis of...
... conceivable way,but if managers look at usage in the aggregate, they will see patterns emerge. Andthat’s important because for each major usage pattern that managers identify in theirnetwork, they ... indirectcosts).rRegarding the issue of governance, the M& ;A and the Single CCP casestudies revealed that ceding partial control over a clearing house in the context ofa merger as a trade-off for efficiency ... concentration patterns, it makes strategicsense forthe managers ofthe clearing house to think ofthe network as separatezones of concentrated use. It is then logical to focus the establishment of...