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The optic was a Leupold VX 5HD 3-1544. support@triggertech.com Unlike the break action muzzleloaders that CVA is known for manufacturing, the CVA Paramount uses a bolt action instead. In addition to being a little faster than I was expecting, these are among the most consistent velocities Ive ever obtained while shooting a muzzleloader. In this case, the producer (the counterparty) is likely to default, and they are losing money on the unhedged part of their production. How well do these PowerBelt ELR bullets actually perform on game? Ideally, collateral should reduce wrong-way risk by ensuring that if the counterparty defaults, theres a fallback asset that can be seized to offset at least part of the loss. SKU: PR3521N. The reverse is true for a negative value. There are four major components of recoil energy: the weight of the bullet, muzzle velocity of the bullet, weight of powder used, and the weight of the rifle. In a transaction between a small counterparty and a larger financial institution, an informed counterparty (viewed as the underdog) would be expected to adjust for the institutions credit risk when valuing the transaction. The Big Game Hunting Blog is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com, Amazon.co.uk, Amazon.ca, Amazon.com.au, and other Amazon stores worldwide. Principles for Sound Stress Testing Practices and Supervision, Country Risk: Determinants, Measures, and Implications, Subscribe to our newsletter and keep up with the latest and greatest tips for success. I have to send the Arrowhead Gen 2 breech plug in for a little work with the 220 because the bolt was too hard to close. The PARAMOUNT produces velocities in excess of 2200 FPS but, this is worth nothing without the accuracy to put those shots where they belong. The equation above implies that it is possible to separate responsibilities in an institution and have a desk responsible for risk-free valuation and another one to determine the risky (counterparty) component. Connecticut Valley Arms (CVA) has long been a powerhouse in the black powder hunting world. Which brings us to debt value adjustment. Trying to improve accuracy and crossing off possible solutions. First, mount a good scope on it. I'll be following along watching your load development intently. The Bergara HMR stock is also adjustable for both length of pull and comb height in order to better fit the shooter. Next, but some additional powder tubes and VariFlame adapters. Should have been sold with at least a radial brake. 4oz 20oz (factory adjusted) Buy an additional pack or two of ELR bulletsalong with a couple pounds of Blackhorn 209 to ensure you have plenty on hand for practice before you actually head out hunting. This is evident in the photo below comparing a PowerBelt ELR to a .50 caliber 250 grain PowerBelt AeroLite (.174 BC).While all black powder substitutes are safe to use in the CVA Paramount, CVA recommends two loads for the Paramount with the 280 grain PowerBelt ELR: 140 grains by volume (98 grains by weight) or 150 grains by volume (105 grains by weight) of Blackhorn 209. Start studying for CFA, FRM, or SOA exams right away! The same approach may also be applied to other counterparties. Mathematically, CVA is the difference between the risk-free value and the true portfolio/position value that takes into account the possibility of a counterpartys default. Black or Silver, LV-1 Replacement Sovereigns with better ratings have a larger RV. A quick primer for those unfamiliar with CVAs Paramount line of rifles in general shows these muzzleloaders are quite unlike the vast majority of black powder rifles. A better fitting rifle will have less perceived recoil and it will also be more comfortable to shoot in general. PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. CVA falls under BPI Outdoors, holdings company for Bergara, Durasight, Powerbelt, and Quake. I've been waiting for a Remington bdl bottom metal to arrive from Brownells. That includes things like a ratingdowngrade, poorearnings, or litigation. This is a more-simple approach which requires that the dependency between the counterparty default time and exposure distribution be specified. i have never needed a follow up shot with this tac driver. Is anyone making the smokeless module for the paramount yet ? Thats why CVAs latest premium muzzleloading upgrade--the Paramount Pro V2--was drawing plenty of buzz at the outdoor industrys annual 2023 SHOT Show in Las Vegas, Nevada. If you switch from the ELR, I highly suggest using a wad, either veggie or wool. First post, but I just spent 4 hours trying to sight in my new paramount pro. As a point of comparison, my CVA Wolf (which does not have a scope) weights about 6.25 pounds. This would present a classic case of wrong-way collateral. Terms and Conditions and Privacy Policy. The goal of this partnership is to create a world class experience for every user of a Bergara Rifle. New for 2023 is the PARAMOUNT PRO V2, our lightest and most versatile PARAMOUNT ever. A 20% recovery assumption for both settled and actual recovery rates will produce a lower (more negative) CVA compared to a 40% recovery assumption. Introduced in 2021 during the pandemic pandemonium, the CVA Paramount HTR adds another dimension to the continuous muzzleloader performance improvements that CVA is marketing via its Paramount series. For instance, when a large corporate defaults, we expect it to greatly affect the domestic currency. That way, it is possible to come up with a compensation mechanism that is commensurate with the risk of the new trade, Collateral reduces CVA (results in a less negative CVA value) but it only changes the counterpartys expected exposure, EE, not its PD. Right-way risk, on the other hand, exists when theres a favorable dependence between exposure and credit quality. My first impression was that it looks a whole lot more like a modern precision rifle than a muzzleloader. In this article, Im going to do a detailed analysis my new CVA Paramount muzzleloader in an effort to answer the above questions so you can make an informed decision on whether or not you should buy one. Called the Sidekick, Bergara mates one of their Premier actions with a TriggerTech Primary Trigger, a 10-round AICS-type magazine and a 10.5" fluted stainless steel barrel with a threaded muzzle . An empirical estimate of the magnitude of the jump through the residual value (RV). Those loads often dont retain energy very well and arent powerful enough for ethical use on game out past a certain range. That will make priming your adapters a whole lot easier. Featuring a custom designed Grayboe stock that is 8 ounceslighter than its predecessor in .45 caliber, and 2 ounces lighter in .50 caliber, this new stock also features an adjustable cheek riser that can be set high for use withthe most powerful optics or low for use with the new Micro-Adjust Williams peep sight. I'll have to shorten the screw enough to be able to get a good torque on. Now I have to remove the muzzle brake and burn another day (And powder) trying to figure out whats going on. So, if interest rates rise, it means the bank will be gaining (winning), and its exposure to the counterparty will increase. As per the department tasked with calculating counterparty exposure, the EPE stands at 6%. The table below gives the incremental CVA calculations for a seven-year USD swap paying fixed with respect to four different existing transactions and compared to the stand-alone value. "aggregateRating": $$\small{\begin{array}{|c|c|c|}\hline\textbf{Maturity} & \textbf{USD} & \textbf{EUR} \\ \hline\text{1Y} & 50 & 35\\ \hline\text{2Y} & 73 & 57\\ \hline\text{3Y} & 96 & 63 \\ \hline\text{4Y} & 118 & 78\\ \hline\text{5Y} & 131 & 91\\ \hline\text{7Y} & 137 & 97\\ \hline\text{10Y} & 146 & 103\\ \hline\end{array}}$$. Could've saved about 40$ in powder and bullets. You'll appreciate the load through funnel. One of these days I'll have Luke convert my Rem UML into a smokeless. These are amazing just FYI, love mine! An upgraded Grayboe fiberglass stock features a comb riser, which allows the shooter to naturally align eye and optic. 1.5lbs 4lbs (choose at checkout) With safety & bolt stop release For me it has everything a hunting scope needs a nice lighted reticle with clearly visible hash marks. WWR can cause the exposure to increase significantly, and therefore it is important to consider the impact of collateral on WWR. Describe the various wrong-way modeling methods, including hazard rate approaches, structural approaches, parametric approaches, and jump approaches. Fit and finish looks great. Any existing trade the trader already has with the counterparty may increase or even reduce the risk of the new trade (thanks to netting). After completing this reading, you should be able to: Explain the purpose of Read More, After completing this reading, you should be able to: Describe and compare different Read More, After completing this reading, you should be able to: Describe counterparty risk Read More, 1. The good news is the CVA Paramount stock has a great recoil pad. For what its worth, the load I primarily use for deer hunting with my CVA Optima (250gr PowerBelt AeroLite pushed by 100gr of Blackhorn 209 for a muzzle velocity of 1,800fps) drops below 1,500 foot pounds of kinetic energy between 25 and 50 yards and below 1,000 foot pounds of kinetic energy just past 125 yards. CVA has released a new model of the Paramount Pro for 2023, termed the Paramount Pro V2. Now that weve got that out of the way, lets get started. It's already been taken back to the store it was purchased from and money refunded. JavaScript is disabled. Yes, the muzzleloader itself must be well made and capable of a high degree of accuracy, but it must also be built in a manner that facilitates good enough accuracy and precision from the hunter. 10oz 12oz (factory adjusted) Or is this a case where CVAs marketing department outperformed their design and manufacturing teams? }, The K-Kits include the safety & bolt stop release, L-1K Kit Hunting Mathematically, CVA is the difference between the risk-free value and the true portfolio/position value that takes into account the possibility of a counterparty's default. CCPs may be particularly prone to WWR because they rely so much on collateral as protection. PARAMOUNT PRO V2 Stainless/Nitride .50 Cal. Well designed, well made. Is the CVA Paramount really capable of delivering the goods on big game all the way out to 300-400 yards? For what its worth, I have not experienced any ignition, gas leakage, blow back issues thus far with my CVA Paramount. The company also states that they had issues with standard 209 primers swelling and being really tough to remove after firing the heavy powder loads the CVA Paramount uses. "reviewCount": "2", Though using metric threads on the barrel? The only difference between CDS contracts is the currency of cash payment on default. One thing I noticed if you're not careful the front action screw can be tightened into the breach plug threads possibly damaging them. A CDS with the counterparty as the reference entity attracts a premium of approximately 200 basis points per year. If market variables move in such a way that the value of the derivatives to the bank is negative, the bank will be losing money. It may not display this or other websites correctly. For instance, lets assume that a trader is planning to engage in an interest rate swap with a double-A counterparty whose outstanding debt is priced at a credit spread of 150 basis points per year. Frictionless Release Technology, along with hardened 440C stainless steel internal components ensure corrosion resistance and an extended service life. Assume that the notional value of the swap is $500 million. Calculate CVA and CVA as a spread with no wrong-way risk, netting, or collateralization. Colorado is one of the most popular big game black powder hunting destinations that falls into this category, though plenty of other states require one or both of the above restrictions, including many Western states. Driving that is the companys VariFlame breech plug which utilizes hotter large rifle primers rather than the industry standard 209 shotshell primer. The Paramount Pro Colorado weighs an acceptable 8.75 lbs and has a 26-inch (3/4X24) free-floating barrel with a 1:22-inch twist. I will stay in contact with the owner and see what cva does about it. The previous Paramount family includes the original, an HTR, a Pro, and now the Pro V2. Second, this load must carry enough energy out to the desired range in order to quickly and ethically kill game. As youll see, this allows hunters to safely shoot bullets at a higher velocity with the CVA Paramount than is the case with most other muzzleloaders. Minimum transfer amounts increase CVA (result in more negative CVA value since they increase exposure linearly. Yes, theres a whole lot more that goes into evaluating the killing power of a given load than just looking at kinetic energy. That includes things likeinterest rates, pandemics, political unrest, orinflationin a particular region. If figured it was hunting related. Pricing data can be used by trading desks and businesses to decide which trades to pursue and which ones to turn down. The Bergara HMR stock is also adjustable for both length of pull and comb height in order to better fit the shooter. Muzzleloader Muzzle Brake Sabot Friendly | Long Range Muzzleloaders and Muzzle Brakes. The PARAMOUNT and PARAMOUNT PRO are unlike any other muzzleloading rifle on the market. Identify examples of wrong-way risk and examples of right-way risk. An accessory pack including PowerBelt ELR bullets, VariFlame primer casings, loading tool for VariFlame casings, collapsible loading rod, cleaning/range rod, and a Quake CLAW sling comes standard with every PARAMOUNT rifle. What about maintaining and cleaning the CVA Paramount rifle? I went through powder charges from 105 to 98 gr BH209, by weight, with the Parker Productions 310 gr Black Max HB. after that its dead on.stays consistant for 5 more before the group opens to 1.5. The HTR .45 caliber shoots a 285-grain bullet at 2560 fps, comparable to several .30 caliber centerfire cartridges. When plotted against correlation, it can be seen that CVA is reduced(increased) by negative(positive) correlation due to the effects right way risk (WWR) The effect is stronger and the CVA doubles when correlation is about 0.50. If a trader buys a put option on a stock whose performance has a strong positive correlation with the counterpartys performance, theres an obvious case of wrong-way risk. Exposure and default distribution are mapped separately into a bivariate distribution. Unlike any other CVA rifle, this .45 caliber bolt-action gun was developed and designed to handle super-magnum propellant charges and thus provides the higher velocities necessary for killing shots at 300 yards and beyond. "ratingValue": "5", Most muzzleloaders usually shoot a pretty heavy bullet with a relatively low ballistic coefficient at a slow to moderate velocity. Just like with any other firearm, more in-depth cleaning is necessary on occasion (see manual for details), but regular maintenance is very straightforward. This rifle uses the same trigger design. While several other premium, long-range black powder rifles are built in such a way that they require an FFL, the Paramount family does not, meaning the rifles can--in most cases--ship directly to your doorstep. Assume an American bank has entered into a cross-currency swap with a Brazilian company. For this, like all premium CVAs, the PARAMOUNT features a custom quality, free-floating Bergara barrel in Nitride treated stainless steel. Note: thecollapsible compact ramrod will work great for loading the CVA Paramount, but do not try to clean the barrel with it. The collateral posted carry WWR; members may post highly risky or illiquid securities. The company is continually innovating not only in the blackpowder space but also its growing line of bolt action centerfire hunting rifles. QD swivels come standard. Next, buy the CVA Paramountfunnel, which will also greatly assist with loading and reduce the odds that youll spill some of that powder you so carefully measured. Out of three other bullets tried with and without wads, the most accurate is the Parker Productions 310 gr Black Max HB without a wad. The CVA Paramount also made cut for my holiday gift recommendations. Our aim as one of the oldest and largest trigger manufacturers in the world, as well as being a family owned business for two generations, is to provide you with a lifetime of accurate shooting by manufacturing the very best quality precision trigger. In other words, it arises when the exposure to a counterparty is adversely (negatively) correlated with the value of collateral posted by that counterparty. The Arrowhead Rifles load through funnel fits perfectly. CVA Paramount Muzzleloader Instructional Video (This video does not replace you reading and fully understanding the Paramounts owners manual). The reverse is true for the right- way-risk. I'll just say this take that CVA brake off it and watch what it does. The amount at risk will depend on many factors, including forward rates and volatilities. 2oz 6oz (factory adjusted) Browse our inventory. The stainless steel barrel is 26 long and has a 1:22 rifling twist to stabilize those elongated PowerBelt ELR bullets. A commodity entered with a consumer who seeks to hedge the price of a good can yield wrong-way risk. Correlation can be zero, but it does not imply independence! The devaluation approach also applies in CDS markets. ASG sent the modified breech plug back after a very short short time and the bolt closes perfectly now. I'm thinking of trying out the new paramount pro, I'm subscribing to follow along your process. Should get the plug back next week I assume then finally give this rifle some time outside the house. We can rewrite BCVA in terms of the EPE and ENE as follows: $$\text{BCVA}=-\text{EPE}\text{Spread}_{C}-\text{ENE}\text{Spread}_{P}$$, If we assume that is the opposite of, then, $$\text{BCVA}-\text{EPE}(\text{Spread}_{C}-\text{Spread}_{p}).$$, An interest rate swap trading desk wishes to come up with a quick estimate of the CVA spread on a swap, Given: EPE\(=6%\); ENE\(=-4\%\); \(\text{spread}_{c}=200 bps\); \(\text{spread}_{p}=100 bps\). This approach views the credit spread as a stochastic process and then goes ahead to establish the correlation between the credit spread (hazard rate) and the other variables used to model exposure.