CVA nailed that part. Driving that is the companys VariFlame breech plug which utilizes hotter large rifle primers rather than the industry standard 209 shotshell primer. Other upgrades include a fully adjustable TriggerTech trigger and Cerakote barrel finish that complements the stocks hand-painted camo. Cva Accura V2 Trigger Adjustment Install The E; Bergara barrels are recognized as the most accurate production muzzleloader barrels in the world, and are now available in Nitride treated 416 grade stainless steel. In this case, the linkage between exposure and the counterpartys probability of default produces an overall decrease in counterparty risk. CVA Paramount Instructional Video Part 5. more videos. That's using the elr which is shooting very well in this rifle. Read the manual thoroughly and follow the instructions CVA gives, particularly with regards to weighing your propellant charges and the other steps of loading the rifle. i use 110gr weighed of bh 209. i have taken deer out 410 yds on calm day. A related point has much to do with recovery timing: Whereas CDSs are settled quickly following a default event either by way of a CDS auction cash settlement mechanism or the sale of the debt security in the market, bilateral OTC derivatives take time to settle. A true 400-yard hunting muzzleloader, the CVA Paramount HTR. I gotta say that it will pack shots on top of each other at 100 yards!! Basically, the VariFlame uses an aluminum adapter that holds a large rifle primer and fits in the breech plug of the muzzleloader.The choice of the VariFlame ignition system was somewhat controversial among many in the muzzleloading community at first due to concerns about gas leakage. Christensen was also looking to stand out from the competition and we enjoyed working with them to develop the Christensen Arms VTAC Trigger by TriggerTech. https://www.amazon.com/gp/product/B017RZ45F6/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B017RZ45F6\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=b1cd781411a1d2500468d5446745318aTetra Gun Grease:https://www.amazon.com/gp/product/B0014VVNZU/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B0014VVNZU\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=08fb83eea92555d05616a25eebbc2b52Tetra Gun, Action Blaster Cleaner:https://www.amazon.com/gp/product/B004WO6H7K/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B004WO6H7K\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=7c43b92ac57f62dfd87c68b2c46c024eTetra Gun, Triple Action Spray:https://www.amazon.com/gp/product/B071QXRDCC/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B071QXRDCC\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=c4676999aa5787d82d5815035c1c87cfOtis Cleaning Kit:https://www.amazon.com/gp/product/B0000C52A5/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B0000C52A5\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=fc760313c480594cd407a821690949daTetra Gun Vise: https://www.amazon.com/gp/product/B0016SFMU8/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B0016SFMU8\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=48956919a5dba5c99d935a5923d56c34Acraglas Gel for bedding rifles:https://www.amazon.com/gp/product/B0028M5U4E/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B0028M5U4E\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=f02a2393784d826dec2069837645f243Tipton Cleaning Kit:https://www.amazon.com/gp/product/B00HS7E766/ref=as_li_tl?ie=UTF8\u0026camp=1789\u0026creative=9325\u0026creativeASIN=B00HS7E766\u0026linkCode=as2\u0026tag=vaughnprecisi-20\u0026linkId=8233f21958dc6fd9825684ff5021a15e As an example, a simple hazard rate approach can be approached to model wrong-way risk in an interest rate swap. The airline decides to use derivatives to hedge all of its consumption by entering into a forward contract. I'm thinking of trying out the new paramount pro, I'm subscribing to follow along your process. - KonusPro 3-10x44 IR, Optima V2 Stainless Steel, Black Stocks with KonusPro 3-9x40 Scope and Accessory Outfit, Optima V2 Stainless Steel and Black Stocks with Fiber Optic Sights Accessory Outfit, Optima V2 Stainless Steel, Black with KonusPro 3-9x40 Scope and Case Combo, Optima V2 LR Thumbhole, Stainless Steel, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, Optima V2 Nitride, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, Optima V2 Stainless Steel, Xtra Green with KonusPro 3-9x40 Scope and Case Combo, SKU: CR3981, CR3983, CR3985, CR3987, CR3989, CR3990, CR3991, CR3995, CR3997, CASCADE SB (Short Barrel) Cerakote Graphite Black/Veil Tac Black, Scout .444 Marlin Stainless Steel, Black Stocks and Konus 3-9x40, Scout .44 Magnum Stainless Steel, Black Stocks and Konus 3-9x40, Scout .45-70 Stainless Steel, Black Stocks and Konus 3-9x40, Scout .450 Bushmaster Stainless Steel, Black Stocks and Konus 3-9x40, Scout .35 Whelen Stainless Steel, Black Stocks and Konus 3-9x40 Scope, Scout .450 Bushmaster Stainless Steel with Black Stocks, Threaded 3/4x24 to fit CVA's Paramount Muzzle Brake. However, while its certainly possible to hit targets at longer range with a traditional muzzleloader, those loads normally have a rainbow like trajectory that makes applying the appropriate amount of holdover very difficult. The latter sight is offered as a standard feature of the .50-caliber model or as an aftermarket feature on the .45-caliber. 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. 20 Arrowhead Gen 2 modules primed and powder tubes loaded with a range of BH209 charges ready to go. From a historical perspective, wrong-way risk has commanded more attention than right-way risk, but both types of risk are hugely important, and it is imperative that institutions strive to increase right-way risk while decreasing wrong-way risk. A group of n transactions with the same counterparty under one netting agreement is called a netting set (NS). If the counterparty is very close to default, the CVA tends to decrease (become more negative), $$\small{\begin{array}{|l|l|}\hline\textbf{Spread (bps)} & \textbf{CVA}\\ \hline150 & -1,074\\ \hline30 & -1,999\\ \hline600 & -3,471\\ \hline1,200 & -5,308\\ \hline2,400 & -6,506\\ \hline4,800 & -6,108\\ \hline9,600 & -4,873\\ \hline\text{Default} & 0\\ \hline\end{array}}$$, Credit: The xVA Challenge Counterparty Credit Risk, Funding, Collateral, and Capital by Jon Gregory, As a result, the CVA will be lower (more negative) for an upward-sloping curve compared to a flat and a downward sloping curve. This is a more direct approach that involves parametrically linking default probability to the exposure by simple functions as proposed by Hull and White (2011). Yes, the rem ultimate is a kicker! A quality Limbsaver recoil pad helps absorb felt recoil, though at 8.6-pounds, the weight of the rifle likely mitigates some kick as well. 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. When calibration is achieved through historical data, portfolio value for dates in the past need to be calculated and then the relationship between this and the counterpartys credit spread is examined. If a Paramount is anything like my Rem UML a brake is definitely necessary. If your lock has this feature give this a look. QD swivels come standard. 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. Next two shots with 140gr were 20 inches apart. 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. This partnership makes use of TriggerTechs patented Frictionless Release Technology to increase performance and accuracy for the end user by eliminating creep and heavy pull weights. $$\text{CVA}^{incremental}_{i}=-LGD\sum_{i=1}^{m}EE_{i}^{incremental}(t_{i})PD(t_{i-1},t_{i})$$. It is important to emphasize the assumptions we have made so as to estimate CVA as a running spread: An interest rate swap trading desk wishes to come up with a quick estimate of the CVA spread on a swap. Evaluate the impact of changes in the credit spread and recovery rate assumptions on CVA. I haven't gone out since but I have 300 gr Match Hunter hollow base bullets to try too. That means the financial institution is assumed to have zero counterparty risk from the perspective of the counterparty. CVA even took the somewhat unusual step for a muzzleloader of using a truly free floated barrel for improved accuracy. Pricing counterparty risk (derivative contracts), however, is a difficult endeavor, particularly when compared to the pricing of bonds. Black or Silver, REM-SAF Safety Kit If figured it was hunting related. New for 2023 is the PARAMOUNT PRO V2, our lightest and most versatile PARAMOUNT ever. In the swap case, only a fraction of the cashflow will be at risk because theres an opposing cashflow that offsets the outflow to some degree. That implies CVA decreases, but at the same time, DVA increases. Of particular interest is the threaded muzzle, done at 3/4x20, seldom found on muzzleloaders. Second, this load must carry enough energy out to the desired range in order to quickly and ethically kill game. Disgusted to say the least. Got out this morning to try the 280 gr Powerbelt ELR, Parker 300 and 275 gr Match HBs. Had a Hawke 2.5-10 illuminated 30mm tube scope mounted in Warne steel rings on Warne steel bases and bore sighted. Well talk about why thats important later in the article. CVA advertises these loads should produce velocities in the 2,200-2,350 fps range. 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. 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. The Paramount Pro barrel features a 1 . A better fitting rifle will have less perceived recoil and it will also be more comfortable to shoot in general. The CVA Paramount also made cut for my holiday gift recommendations. Paired with PowerBelts ELR bullets, which were specially designed for the PARAMOUNT, this barrel can produce incredibly tight groups at ranges previously thought unreachable for a muzzleloader. As a point of comparison, my CVA Wolf (which does not have a scope) weights about 6.25 pounds. N The collateral posted carry WWR; members may post highly risky or illiquid securities. PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. Our patented CLKR Technology features an easy-to-access adjustment screw that provides positive feedback enabling you to adjust your triggers pull weight quickly with confidence. 26" Barrel, Accura V2 Stainless Steel with Realtree Edge Camo Stocks and Fiber Optic Sights, Accura V2 Stainless Steel with Black Stocks and Fiber Optic Sights, ACCURA V2 50 Cal SS/Realtree APG with KonusPro 3-9x40 IR and case outfit, ACCURA V2 .50 Cal SS Nitride Barrel with APG Camo Stock, KonusPro 3-9x40 IR Scope and Case Outfit, ACCURA V2 .50 cal 27" SS Nitride with Realtree APG Thumbhole Stocks - .50 Cal. CVA Trigger reassembly issues.? In case you were wondering, ELR stands for Extreme Long Range.Its important to note that, while most muzzleloaders use .50 caliber bullets (or a .45 caliber bullet in a .50 caliber sabot), the ELR is a full bore .45 caliber bullet. Basically, PowerBelt went with a smaller diameter bullet because it was easier for them to build a longer and more aerodynamic .45 caliber bullet that weighed less than a .50 caliber bullet with the same BC. If the portfolio is found to have high values with credit spread that exceed the average, is a clear indication of the WWR. Assume further that the counterparty has offered a high-quality government bond as collateral. Ive tried the Powerbelt 280 gr ELR with several different charges of BH209 but cant get it to shoot better than 1.5 @ 100 yds. Compared with the previous example, we can see that the BCVA is reduced from the (unilateral) CVA calculation of 12 bps. Not too clunky on my rifle. In such circumstances, the collateral may still offer a certain level of protection against loss, but this may be much lower than initially envisioned. Though using metric threads on the barrel? By screwing it in, the sear is pushed out closer to the edge of the full **** notch allowing the set trigger to kick the sear out more easily. Fortunately, the loads fired by the CVA Paramount retain kinetic energy exceptionally well. But that also means theres a big loss for the dealer. In case of a WWR, positive dependency will lead to an early default time being coupled with a higher exposure. The Paramount comes with 3 tubes, a loading tool for the VariFlame primer casings, and 10 VariFlame adapters. In a transaction involving a counterparty and a large multinational financial institution, for example, such an assumption would appear fairly innocuous. Finally, the CVA Paramount comes with a special loading tip for your ram rod to keep you from damaging the bullet tip while loading. This approach can be implemented relatively tractably, as credit spread paths can be generated first, and exposure paths only have to be simulated in cases where a default is observed. That being said, I think we can all agree that you need a whole lot more kinetic energy to quickly and ethically kill a deer (and especially an elk) at a given range than is necessary to simply punch a hole in a piece of paper. Among other things, this means that the CVA Paramount does not have a barrel collar and theres no spot to stow the ramrod in the usual place under the barrel. As such, the dealers exposure is likely to be low when the oil producer (counterparty) defaults. The trigger on the Paramount is very good, but it doesn't get much better than a Trigger Tech trigger, which allows for rapid adjustments by . And I decided to go with the Vortex PST Gen 2 5-25x50mm for this rifle. $179.99 Impact Shotgun Trigger $169.99 Timney Lifetime Guarantee We're committed to producing the world's finest triggers for our loyal customers here in America, and we proudly guarantee each and every trigger we build for life. Id like to hear about terminal performance. Assume a bank has entered into an interest rate swap as the payer, i.e., the party paying the fixed interest rate throughout the life of the swap. Time series analysis or correlation may not help. In these circumstances, the trader will want to ensure that the trader settles for a rate that takes into account counterparty risk, i.e., the possibility that the counterparty will default on contractual payments once the swap is underway. The CVA Paramount Pro V2 has an upgraded TriggerTech trigger, custom Greyboe stock, and CeraKote/Nitride finish on the barrel. For this reason, CVA provides a one piece range rod for regular cleaning and loading at the shooting range along with a collapsible ramrod that fits in a small carrying case for reloading afield. going all the way up to 170-grain volume measured charges (119-grains by actual weight). If losses accumulate for the bank, it is likely that the bank will be unable to make the required payments and default. Though the guns look like a modern bolt action, they are still fully considered a muzzleloader. Of particular interest is the threaded muzzle, done at 3/4x20, seldom found on muzzleloaders. In order to be a clearing member, the CCP requires that parties must have a certain credit quality and not external credit ratings. I had my doubts about their claims at first as well, but I was also curious to see how CVA would go about building their new long range muzzleloader. One of the key issues that arise when analyzing CCR is a wrong-way risk, defined as theriskthat occurs when exposure to a counterparty is adversely correlated with the credit quality of that counterparty. Consider the case of an airline wary of an increase in the oil market. i have a nikon p5 3.5x16x50 on it. A quality Limbsaver recoil pad helps absorb. Innovation doesnt come cheap, though the Paramount Pro V2 is changing the face of muzzleloader hunting. - KonusPro 3-10x44 IR Scope and Case Outfit, ACCURA V2/LR TH SS NITRIDE/Realtree MAX-1 HD - .50 Cal. With those things in mind, I think the Paramount will really help open a whole new world of hunting opportunities for me. 2 low at 100yrds, then the next round isnt even on paper?! But in cases where theres a sudden jump in exposure, collateral does very little in the way of mitigating WWR, For example, if there happens to be a 20% currency devaluation that coincides with sovereign default, collateral is rendered almost useless because it may not be received at all. So far, maintenance has been a breeze. Both wrong-way and right-way risks are frequently observed in practice. Fit and finish looks great. Ehlers and Schonbucher (2006) have paid keen interest on the effect of default on FX rates and considered cases where the hazard rate approach is not suitable to explain empirical data. 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. A swap trader, for example, can take on the task of pricing the swap as if it were risk-free and then rely on someone else in the office to determine the counterparty risk charge. That includes CVAs recommended products, like the specially designed ELR bullets which are longer and ballistically superior to more traditional Powerbelts. It's a good bit stiffer but not violent. The departure from sliding friction enable us to engineer the ideal release characteristics into all of our triggers. But as a general rule of thumb, with a 200 yard zero, that load results in a bullet impact about 3 high at 100 yards, about 5 low at 250 yards, and around 14-15 low at 300 yards. Third, the muzzleloader must be accurate enough to consistently hit the vital zone of the big game animal in question at the chosen range. This commission comes at no extra cost to you. A solid locking elevation dial, capped windage knob, and most importantly returning to zero . Consider a situation where Smart Tech buys a three-month call option from Cortana Inc., with Alpha stock as the underlying. During the same period, Cortanas stock has plummeted after a landmark lawsuit loss against another firm. Ignoring wrong-way risk implies that we assume independence between default probability, exposure and recovery values. Talked to owner of shop and he said try 140gr volume charge and he emailed cva while I was on the phone with him. Trying to improve accuracy and crossing off possible solutions. Watch as Nathaniel Maddux embarks on his first elk hunt in New Mexico. It's already been taken back to the store it was purchased from and money refunded. Too hot. $2065.00. about Paramount Pro V2 product details. But if the U. S. banks exposure increases but the counterpartys probability of default declines, there will be a reduction in counterparty risk. But theres a problem: These initial margins and default fund contributions are based on the portfolios market risk. I've been waiting for a Remington bdl bottom metal to arrive from Brownells. Black or Silver, ERV-3K Kit Varmint / Target Now remember that bonds and interest rates have an inverse relationship: when the interest rate rises, bond prices fall, and vice versa. With safety & bolt stop release Awesome service from the retailer btw, owner was ready to swap out rifle with another and sort it out with cva himself since our ml season starts in 2weeks. Do you have any experience with the 45 cal Powerbelt ELRs performance on deer? Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. Fourth, the muzzleloader must also deliver good enough accuracy under realistic hunting conditions. Like I said, I realize that theres a lot more involved with determining how a given load will perform on big game than just the kinetic energy of the bullet when it impacts. It may not display this or other websites correctly. Having determined the CVA as a spread, the trading desk can now estimate approximately the P&L impact of this by pricing the same swap but paying 12 bps more on the pay leg (or receiving 12 bps less on the receive leg). $$ \small{\begin{array}{c|c} {\textbf{GWWR}} &\textbf{SWWR} \\ \hline \text{Should be priced and managed correctly} &{\text{Should in general be avoided, as it may} \\ \text{be extreme}} \\ \hline {\text{Relationships may be detectable using} \\ \text{historical data}} &{\text{Hard to detect except by a knowledge of} \\ \text{the relevant market, counterparty and the} \\ \text{economic rationale behind transaction}} \\ \hline {\text{Can potentially be incorporated into} \\ \text{pricing models}} &{\text{Difficult to model and risky to use nave}\\ \text{correlation assumptions; should be addressed} \\ \text{qualitatively via methods such as stress-testing} }\\ \end{array} }$$. TriggerTech offers the only triggers to operate without sliding friction. As a result, these CCPs are at risk of implicitly ignoring the WWR. CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. The G3 MZ-REX was a month out so I decided to give the Bad to the Bone muzzleloader muzzle brake a try. Strike price: $50; Type: European; Expiry: Day 90; Underlying: Alpha Stock. 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. 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. As per the department tasked with calculating counterparty exposure, the EPE stands at 6%. .45cal CVA muzzle brake installed at same time, all at the same shop. It is highest (least negative) with a downward sloping curve. My muzzlebrake measures .489 ID. This helps support the blog and allows me to continue to create free content thats useful to hunters like yourself. Just like with any other firearm, more in-depth cleaning is necessary on occasion (see manual for details), but regular maintenance is very straightforward. Muzzleloader Muzzle Brake Sabot Friendly | Long Range Muzzleloaders and Muzzle Brakes. Exposure and default distribution are mapped separately into a bivariate distribution. Its also protected by CVAs lifetime warranty. The direction of WWR is not always clear. They allow large institutions to consider their own default in the valuation of their liabilities. It is important to note that wrong-way risk does not arise with fixed-rate loans. Now ballistics on paper are great, but they dont matter if you cant hit what youre aiming at. Assume an American bank has entered into a cross-currency swap with a Brazilian company. As a result, international accountancy practices now recognize that all trades have bilateral counterparty risk. My test fit of the McMillan sure does reduce a lot of weight. We're committed to producing the world's finest triggers for our loyal customers here in America, and we proudly guarantee each and every trigger we build for life. Commodity Forwards may also yield right-way risk when entered into with a producer who seeks to hedge the price of their goods. Note: thecollapsible compact ramrod will work great for loading the CVA Paramount, but do not try to clean the barrel with it. This falls well short of the trajectory youd expect from a flat shooting centerfire rifle cartridge (like the 7mm Remington Magnum for example), but its also clear that CVA Paramount is also capable of firing loads with a much flatter trajectory than the vast majority of muzzleloaders.