To ask or not to ask,that is the question

Applicants for credit have to provide information for the risk assessment process. In the current conditions of a saturated consumer lending market, and hence falling “take” rates, can such information be used to assess the probability of a customer accepting the offer?     

Structural models in consumer credit

We propose a structural credit risk model for consumer lending using option theory and the concept of the value of the consumer’s reputation. Using Brazilian empirical data and a credit bureau score as proxy for creditworthiness we compare a number of alternative models before suggesting one that leads to a simple analytical solution for the probability of default. We apply the proposed model to portfolios of consumer loans introducing a factor to account for the mean influence of systemic economic factors on individuals. This results in a hybrid structural-reduced-form model. And comparisons are made with the Basel II approach. Our conclusions partially support that approach for modelling the credit risk of portfolios of retail credit.     

High Ethene/Ethane Selectivity in 2,2′‐Bipyridine‐Based Silver(I) Complexes by Removal of Coordinated Solvent

Following removal of coordinated CH₃CN, the resulting complexes [Ag^I(2,2′‐bipyridine)][BF₄] ( 1 ) and [Ag^I(6,6′‐dimethyl‐2,2′‐bipyridine)][OTf] ( 2 ) show ethene/ethane sorption selectivities of 390 and 340, respectively, and corresponding ethene sorption capacities of 2.38 and 2.18 mmol g^?1 when tested at an applied gas pressure of 90 kPa and a temperature of (20±1) °C. These ethene/ethane selectivities are 13 times higher than those reported for known solid sorbents for ethene/ethane separation. For 2 , ethene sorption reached 90 % of equilibrium capacity within 15 minutes, and this equilibrium capacity was maintained over the three sorption/desorption cycles tested. The rates of ethene sorption were also measured. To our knowledge, these are the first complexes, designed for olefin/paraffin separations, which have open silver(I) sites. The high selectivities arise from these open silver(I) sites and the relatively low molecular surface areas of the complexes.     

Sulfonyl fluorides as privileged warheads in chemical biology

Sulfonyl fluoride electrophiles have found significant utility as reactive probes in chemical biology and molecular pharmacology. As warheads they possess the right balance of biocompatibility (including aqueous stability) and protein reactivity. Their functionality is privileged in this regard as they are known to modify not only reactive serines (resulting in their common use as protease inhibitors), but also context-specific threonine, lysine, tyrosine, cysteine and histidine residues. This review describes the application of sulfonyl fluoride probes across various areas of research and explores new approaches that could further enhance the chemical biology toolkit. We believe that sulfonyl fluoride probes will find greater utility in areas such as covalent enzyme inhibition, target identification and validation, and the mapping of enzyme binding sites, substrates and protein–protein interactions.     

When to rebuild or when to adjust scorecards

Data-based scorecards, such as those used in credit scoring, age with time and need to be rebuilt or readjusted. Unlike the huge literature on modelling the replacement and maintenance of equipment there have been hardly any models that deal with this problem for scorecards. This paper identifies an effective way of describing the predictive ability of the scorecard and from this describes a simple model for how its predictive ability will develop. Using a dynamic programming approach one is then able to find when it is optimal to rebuild and when to readjust a scorecard. Failing to readjust or rebuild a scorecard when they aged was one of the defects in credit scoring identified in the investigations into the sub-prime mortgage crisis.     

Synthesis,structure, CMC values,thermodynamics of micellization,steady-state photolysis and biological activities of hexadecylamine cobalt(III) dimethyl glyoximato complexes

Metallosurfactant complexes of the type trans- [Co(DH)₂(HA)X], where DH = Dimethyl glyoxime, HA = Hexadecyl amine and X = Cl⁻, Br⁻, I⁻, N₃ ⁻, NO₂ ⁻ or SCN⁻, were synthesized and characterized by physico-chemical and spectroscopic methods. In addition, the single crystal X-ray structure of the ionic complex trans-[Co(DH)₂(HA)₂][Co(DH)₂(I)₂)] is presented. The critical micelle concentration values of the complexes in ethanol were obtained by measuring the absorption at 290 nm. Specific conductivity data (at 303–313 K) served for the evaluation of the thermodynamics of micellization ) \left( {\Updelta G^{0}_{{{\text{m}}}}, \Updelta H^{0}_{{{\text{m}}}}, \Updelta S^{0}_{\text{m}} } \right) . Steady-state photolysis, cyclic voltammetry and biological activities of the complexes were studied. The compounds were tested for antimicrobial activity.     

Manifestations of probe presence on probe dynamics in supercooled liquids

Experimental studies that follow behavior of single probes embedded in heterogeneous systems are increasingly common. The presence of probes may perturb the system, and such perturbations may or may not affect interpretation of host behavior from the probe observables typically measured. In this study, the manifestations of potential probe-induced changes to host dynamics in supercooled liquids are investigated via molecular dynamics simulations. It is found that probe dynamics do not necessarily mirror host dynamics as they exist either in the probe-free or probe-bearing systems. In particular, for a binary supercooled liquid, we find that smooth probes larger than the host particles induce increased translational diffusion in the host system; however, the diffusion is anisotropic and enhances caging of the probe, suppressing probe translational diffusion. This in turn may lead experiments that follow probe diffusion to suggest Stokes-Einstein behavior of the system even while both the probe-free and probe-bearing systems exhibit deviations from that behavior.     

Maximizing edge-ratio is NP-complete

Given a graph G and a bipartition of its vertices, the edge-ratio is the minimum for both classes so defined of their number of internal edges divided by their number of cut edges. We prove that maximizing edge-ratio is NP-complete.     

Advances in microbiology EQA

External quality assessment for microbiology laboratories has seen many changes over the past ten years. EQA is much less focused on the pure analytic process of identifying single organisms submitted in an artificial medium. Samples are more realistic, and can be used to address clinical relevancy. Samples can be supplemented with a variety of non-traditional challenges to extend testing to include a wider range of the pre- and post-analytic aspects of the laboratory cycle. A look to the future sees a broad range of newer targets, with increasing interest in virology and point-of-care testing. Received: 13 April 2002 Accepted: 24 June 2002