IAMINSTITUTE OF APPLIED MATHEMATICS

The Nature of Life Insurance
Esin Bilgin
Institute of Applied Mathematics

Place: IAM S212
Date/Time:  21.03.2017 -14.40
Abstract: Life insurance is one of the important insurance type since death is an inevitable and unpredictablefor us. Also, the life of a person may depend on lives of others financially. Life insurance is a protection against financial loss if insured dies. Therefore, life insurance is significant type ofinsurance. In this presentation, we will briefly define life insurance then explain the nature of life insurance and discuss life insurance in Turkey.

History of Cryptography
Yalin Yalcin
Institute of Applied Mathematics

Place: IAM S212
Date/Time:  21.03.2017 -14.40
Abstract: People have been trying to communicate with each other and hide the information which are believed to be kept as secret from the third parties by the help of the predecided ciphers. In the modern age, which is called as the age of information, ciphers have a great importance both in the areas of finance and military. States spend money in order to acquire the information and to keep them confidential. Finance institutions spend money to keep the personal informations of their clients. In this presentation, historical development of cryptograpghy will be examined.

The Role of the Private Pension in Social Security System

Selma Gutmen
Institute of Applied Mathematics

Place: IAM S212
Date/Time:  14.03.2017 -14.40
Abstract:The individual pension system is an alternative in solving social security system’s problems and it has seen as voluntary or a complementary tool of Social Security System. The individual pension system which is the first step of transferring private companies from community was seen in 1980. This study, using some data, firstly examines what individual pension system is and why society needs go into this system. When we look at the purposes of the private pension system, it can be easily understood that why this system is needed. Moreover, all over the world, private pension schemes have reached higher proportions in social security systems with the applications of its steps. In addition to these, in the light of the advantages, disadvantages and the problems faced by system, it is analyzed the effects of private pension system to financial market and economy.

High Frequency Trading
Oguz KOÇ
Institute of Applied Mathematics

Place: IAM S212
Date/Time:  14.03.2017 -14.40
Abstract: HFT is a program trading platform that uses powerful computers to transect a large number of orders at very fast speeds. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. This study involves the benefits and critiques of HFT, its strategies used by traders recently, and assets that we can use with it. And also what do a high frequency trader need to do her/his job.

Copula Method in Finance
Ekin Baris Sah
Institute of Applied Mathematics

Place: IAM S212
Date/Time:  07.03.2017 -14.40
Abstract: Copula method is a very popular topic in finance recently. This method is used to measure dependency between stock markets and commodities, stock markets and macroeconomic news, etc. Studying with non-linear models and non-Gaussian distributions, copula gives very useful results in financial markets. In this presentation, Copula function is defined and compared with other dependency measuring methods. To measure correlation there are two
different approaches: Top-Down and Bottom-Up Approaches. Copula function uses a Bottom-Up Approach. Advantages and disadvantages of the method are stated as well. In addition to theoretical discussion, very basic formulation and rules of Copula are provided.

An Introduction to Exotic Options and Most Frequently
Used Types of Exotic Options
Caner Karakurt

Institute of Applied Mathematics

Place: IAM S212
Date/Time:  07.03.2017 -14.40
Abstract: In today’s Financial Markets, investors need different type of financial instruments that satisfy their needs and expectations. For the very reason Exotic Options are substantial aspect in today’s world of trading . An Exotic Option is an option that differs in structure from common American and European Type Options in terms of the underlying asset, or the calculation of how or when the investor receives a certain payoff. In this meeting I will introduce important types of exotic options, their payoff structures and also in which circumstances we need that type of exotic option agreement.

Secret Sharing Schemes

Emircan Çelik

Institute of Applied Mathematics

Place: IAM S209

Date/Time: 13.12.2016 -14.30

Abstract: Although secret informations can be stored or kept secret using cryptographic systems with secret key(s), some secrets are too dangerous or too valuable that this particular key(s) to be trusted with only one person. This secrets could be a combination to a banks vault, launching password or command to a missile system, etc. This talk is mainly about sharing a secret among the certain number of participants such a way that, recovering the secret is very hard if needed conditions are not satisfied. I’ll explain the problems faced during the development of these systems. In summarizing the talk I’ll explain the ideas to develop such systems from other disciplines. .

Assessment of Forex Market Risk

Berat Tekcan

Institute of Applied Mathematics

Place: IAM S209

Date/Time: 06.12.2016 -14.30

Abstract: Forex market is a world biggest trading market where buying and selling of currencies take place. By the BIS(Bank for International Settlement) report, traded volume per day is 5.3 trillion dollars, which is an extremely high amount as compared to the other trade markets like Stocks and Futures. After introducing this subject, I will continue my talk on the history and advantages of trading forex and how can we manage the risk. At the end, if the time permits, we shall consider the relation between taking the risk and getting the good rewards. Keywords: Leverage, Liquidity, Risk per Trade.

Cryptography For Secure Payment Card Transaction

Erkan Uslu

Institute of Applied Mathematics

Place: IAM S209

Date/Time: 29.11.2016 -14.30

Abstract: Financial sector organisations such as VISA, Master Card etc. are among the most important users of cryptography. These companies widely use certain cryptograpic algorithms in order to prevent financial fraud. During my speech, I will explain that how the international payment card organisations provide the security of financial transactions from cryptographic aspect.

On the Mortgage Loans and 2008 Financial Crisis

Eren Ertürk

Institute of Applied Mathematics

Place: IAM S209

Date/Time: 29.11.2016 -14.30

Abstract: 2008 Financial Crisis have been considered by many economists as the worst financial crisis since the Great Depression of the 1930’s. In USA, nearly 8 million people lost their jobs and 6 million lost their homes because of the economic crisis. In this talk, I will first talk about U.S. housing market and mortgage loans. After introducing the necessary terminology of this subject, I will continue my talk on the main causes of the financial crisis throughout 1970 to 2008. At the end, if the time permits, we shall consider the consequences of the global crisis.