World State

This component of the RiskWin framework has been designed to facilitate the creation of a set of World Variables which represents "the state of the world" at a given point in time.

For example, a World State could be composed of: a USD Sovereign Yield curve; a CAD Sovereign Yield Curve; and a USD/CAD Exchange Rate.

Date Specification:
Each World State can specify the date for which all the World Variables that are assigned to it are valid.

The World State date can be set to always use the Application Default Date as the World State date.

Unique World Variables:
There is no limit to the number of World Variables that can be assigned to a World State. However, there must be no duplication of World Variables in the World State.

For example, it is not possible to have more than one Sovereign Yield Curve on the same currency. Or, it is not possible to have more than one Volatility Skew Structure on the same currency.