After all, were talking about using this muzzleloader for hunting, not just for shooting at the range. First, the muzzleloader must shoot a load with aflat enough trajectory that its capable of hitting a target with a reasonable amount of holdover at the desired range. This .50 caliber muzzleloader still offers all of the great features of the standard Paramount but is built more for the long-range mountain hunter. 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. 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. Now theres more that goes into determining how much a rifle kicks beyond the amount of free recoil energy a given load produces when you shoot it. 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. The Paramount comes with 3 tubes, a loading tool for the VariFlame primer casings, and 10 VariFlame adapters. Id like to hear about terminal performance. $$ \small{\begin{array}{c|c} {\textbf{GWWR}} &\textbf{SWWR} \\ \hline \text{Should be priced and managed correctly} &{\text{Should in general be avoided, as it may} \\ \text{be extreme}} \\ \hline {\text{Relationships may be detectable using} \\ \text{historical data}} &{\text{Hard to detect except by a knowledge of} \\ \text{the relevant market, counterparty and the} \\ \text{economic rationale behind transaction}} \\ \hline {\text{Can potentially be incorporated into} \\ \text{pricing models}} &{\text{Difficult to model and risky to use nave}\\ \text{correlation assumptions; should be addressed} \\ \text{qualitatively via methods such as stress-testing} }\\ \end{array} }$$. $$\text{Risky value} = \text{risk-free value} \text{CVA}$$. In case of a WWR, positive dependency will lead to an early default time being coupled with a higher exposure. 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. After all, this requires more than simply banging steel or punching paper at the range. Very dissatisfied customer right now. Bergara Rifles produces a full line of precision rifles, engineered and built to I've been interested in a CVA Paramount since its introduction so I decided to get it from Muzzle-loaders.com when it went on sale recently. But that also means theres a big loss for the dealer. The folks at CVA had already been testing the new rifle with massive charges of Blackhorn 209 . This yields an annual spread expressed in basis points. Our patented TKR Technology ensures reset is extremely short yet remains tactile and forceful enough that you will make follow-up shots with more accuracy, precision and confidence. Get Guns.com offers and news!! Muzzleloader Muzzle Brake Sabot Friendly | Long Range Muzzleloaders and Muzzle Brakes. Evaluate the impact of changes in the credit spread and recovery rate assumptions on CVA. So, how does the CVA Paramount do in each of these areas and get around the shortcomings most muzzleloaders suffer from? I only brought up kinetic energy because it is a factor that we can easily measure and because kinetic energy can give us an idea how much power there is for expansion and penetration (which are both essential for quick, ethical kills) after hitting an animal at a given range. I might have to get some Parker's to try. https://www.patreon.com/VaughnprecisionTract Opticshttps://www.tractoptics.comOther great channels.! - 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 to fit CVA's new Paramount Brake. Black or Silver, LV-1K Kit Varmint Its not enough for the muzzleloader to be capable of the required accuracy in the laboratory. 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. 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. You can buy a CVA Paramount with either a Vortex Viper or a Leupold Ultimate Slam scope thats already mounted and bore-sighted. So far, maintenance has been a breeze. The CVA Paramount Pro features a .40 caliber, 26-inch Nitride-treated Bergara barrel, which is manufactured from 416 stainless steel. JavaScript is disabled. Before we get started, I have two administrative notes. 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. It may not like the Bad to the Bone muzzlebrake or my CVA just wont shoot it better. So far it is at 100. In the scenario of a sovereign default in Brazil, the local currency (BRL) will be devalued. I have been using the paramount for two years now. 26" Threaded Barrel with Micro-Adjust Williams Peep Sight, PARAMOUNT PRO V2 Stainless/Nitride - .45 Cal. Christensen Arms developed the first carbon fiber barrel for a rifle over 20 years ago and they remain an industry leader anywhere composite technologies and firearms mix. Bottom line: a good shot can very likely expect tight groups and potentially even sub-MOA accuracy at practical shooting ranges with the CVA Paramount. Our patented TKR Technology minimizes overtravel so your sight picture experiences less disruption and sets you up for the perfect reset. No safety & bolt stop release See Figure 4 below. However, the impact is not linear because default probabilities are limited to 100%. 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. Available in .40 and .45 Caliber; Free . $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. Guys are shooting cloverleaf groups at 100yds without the brake, install the brake and can't even hit the paper! Full refund on brake and 2 free packs of ELRs for the trouble. CVA Paramount Muzzleloader Instructional Video (This video does not replace you reading and fully understanding the Paramounts owners manual). or with the Micro-Adjust Williams peep sight. Paramount HTR Accura Wolf See Accessories Explore all guns PARAMOUNT PRO V2 Stainless/Nitride - .50 Cal. Ill give you a full report after hunting season gets underway and Ive spent some time carrying it around for really long periods at a time though. To quantify WWR, the risk manager has to model the relationship between credit, collateral, funding, and exposure. Is the CVA Paramount really capable of delivering the goods on big game all the way out to 300-400 yards? You are using an out of date browser. Determine the CVA as a running spread. In such circumstances, the collateral may still offer a certain level of protection against loss, but this may be much lower than initially envisioned. That includes things like a ratingdowngrade, poorearnings, or litigation. 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. Some of these older CVA locks have an adjustment screw on the top of the tumbler. CVA falls under BPI Outdoors, holdings company for Bergara, Durasight, Powerbelt, and Quake. 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. The incremental CVA and marginal CVA can be the same, depending on the allocation criteria. Needless to say, these are very impressive ballistics for muzzleloader. A quality Limbsaver recoil pad helps absorb. While were on the subject, the CVA Paramount is set up to use a sling as well as a bipod (bipod not included). With safety & bolt stop release 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. Further, assume that the Brazilian company has offered collateral in Brazilian reals. Talked to owner of shop and he said try 140gr volume charge and he emailed cva while I was on the phone with him. Driving that is the companys VariFlame breech plug which utilizes hotter large rifle primers rather than the industry standard 209 shotshell primer. Collateral is a good way to reduce exposure. Bergara B-14 Triggers The Vortex Razor HD LHT scope has been the perfect choice to mount on the CVA Paramount PRO muzzleloader for stretching out the distance. The Remington 700 Ultimate Muzzleloader (UML) was the best option for a long range muzzleloader for many years. The jump factor is commonly known as the residual value (RV) factor of the currency and it is assumed that currency depreciates by an amount (1-RV) at the default time of the counterparty and appropriate FX rate jumps. We talked about converting it with a carbon wrapped barrel. N Those loads often dont retain energy very well and arent powerful enough for ethical use on game out past a certain range. For that reason, now is a good time to talk about accuracy. Thanks for your support. Your results may vary though. As a result, these CCPs are at risk of implicitly ignoring the WWR. Assume further that the counterparty has offered a high-quality government bond as collateral. Now I have to remove the muzzle brake and burn another day (And powder) trying to figure out whats going on. While all the focus falls on CVAs premium line of Paramount muzzleloading rifles, there are plenty of more affordable black powder rifles in the companys catalog. Black or Silver, REM-SAF Safety Kit The figure below helps to visualize the problem with derivatives. Trust your Trigger The departure from sliding friction also means that you are no longer forced to trade off performance with reliability and safety. I was ready to box the whole rig up and take it back. This bolt setup completely seals the breech making sure this newly designed VariFlame breech plug . CVA advertises these loads should produce velocities in the 2,200-2,350 fps range. are all important. A new trade should be priced so that its profit at least offsets any increase in CVA. An increase in exposure for the U.S. bank coupled with an increase in the risk in the counterpartys risk of default amounts to wrong-way risk. However, the value of collateral will decline. We will repair or replace your Timney Triggers in the event it becomes damaged or defective--at no charge to you. This increases overall counterparty risk and produces wrong-way risk. The CVA Paramount Pro V2 has an upgraded TriggerTech trigger, custom Greyboe stock, and CeraKote/Nitride finish on the barrel. Though the guns look like a modern bolt action, they are still fully considered a muzzleloader. As anyone familiar with muzzleloaders knows, building a muzzleloader capable of that sort of performance is a tall order. Black or Silver, ERV-3K Kit Varmint / Target (Photo: CVA) Metalwork is nitride treated and Cerakoted. If interest rates start rising globally, the credit position of Alpha Inc. will start deteriorating, and this will coincide with an increase in its paymentliabilitiesto Metropolitan. Which brings us to debt value adjustment. Fortunately, the loads fired by the CVA Paramount retain kinetic energy exceptionally well. Consider the case of an oil producer wary of a decline in the oil market. No safety & bolt stop release However, the events of the 2007/09 financial crisis deconstructed and poked big holes in this assumption, seeing that several large institutions previously considered financially invincible and too big to fail went down. My test fit of the McMillan sure does reduce a lot of weight. But with the price of oil so low, the value of the forward contracts to the dealer is also low. after that its dead on.stays consistant for 5 more before the group opens to 1.5. 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. The barrel is 26" long, threaded with a 3/4 x20 thread. As such, it is clear that CCPs require greater initial margins and default fund contributions from better credit quality members. Yeah, took the brake off and it shot under 1.5moa first group. With a confused look on his face, he pointed at my Paramount and said oh, I thought I saw you shooting a muzzleloader earlier When I told him that it is indeed a muzzleloader, he replied THAT is a muzzleloader?! Default probability, PD, is the marginal probability of default between dates \(t_{i-1}\) and \(t_{i}\). CVA Wolf action trigger assembly brad 1.3K views 3 months ago How To Use Your Optima Muzzleloader CVA 76K views 2 years ago AR15 Trigger Comparison - Hiperfire, Elftmann, Geissele, Rise. Metalwork is nitride treated and Cerakoted. This means I will earn a small commission if you make a purchase. 2oz 6oz (factory adjusted) 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. Looking at bonds, a given cashflow is fully at risk (theres a chance all of it will be lost) in the event of a default. I've searched and have been unable to find anyone else having a similar issue so here goes: My father purchased a new .45cal CVA Paramount Pro a couple weeks ago. During the same period, Cortanas stock has plummeted after a landmark lawsuit loss against another firm. Pricing counterparty risk (derivative contracts), however, is a difficult endeavor, particularly when compared to the pricing of bonds. ASG sent the modified breech plug back after a very short short time and the bolt closes perfectly now. CVA even took the somewhat unusual step for a muzzleloader of using a truly free floated barrel for improved accuracy. Discuss the impact of collateral on wrong-way risk. Both wrong-way and right-way risks are frequently observed in practice. Calculate CVA and CVA as a spread with no wrong-way risk, netting, or collateralization. The CVA as a running spread is computed as follows: $$\begin{align*}\frac{CVA(t,T)}{CDS_{premium}(t,T)}&=-EPEX^{CDS}\\&=-6\%2\%\\&=-0.12\%\\&=-12 \text{basis points}\end{align*}$$. Encore recommended LR Customs brake. Get your money back for the junky brake, 150 gr load is plenty manageable without it. It's already been taken back to the store it was purchased from and money refunded. Watch as Nathaniel Maddux embarks on his first elk hunt in New Mexico. Keep in mind that in order to get the best performance out of the CVA Paramount, you need to do things slowly, carefully, and deliberately. - KonusPro 3-10x44 IR Scope and Case Outfit, ACCURA V2/LR TH SS NITRIDE/Realtree MAX-1 HD - .50 Cal. Nitride treated fluted Bergara Stainless Steel barrel with Cerakote, Threaded 3/4x20 (.45 cal), 3/4x24 (.50 cal). This rifle uses the same trigger design. Trying to improve accuracy and crossing off possible solutions. That is why TriggerTech is pleased to be their first choice when it comes to which trigger goes in their guns. The CVA Paramount also made cut for my holiday gift recommendations. Well talk about why thats important later in the article. Pricing data can be used by trading desks and businesses to decide which trades to pursue and which ones to turn down. Browse our inventory. Wrong-way risk increases counterparty credit risk and therefore increases CVA. Wrong-way collateral occurs when an increase in exposure to a counterparty is accompanied by a decrease in the value of the collateral. These long guns were engineered to handle what the company calls super-magnum charges of Blackhorn 209 propellant. 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. Come On! For me it has everything a hunting scope needs a nice lighted reticle with clearly visible hash marks. I've heard good things about the Power Belt ELR but so far the Parker Black Max with the hollow base has performed well enough. Should have been sold with at least a radial brake. Disgusted to say the least. Each and every Timney is calibrated and hand-tested before leaving our door. The brake reduces recoil nicely and I shot 16 loads from 102-105 gr by wt BH209 today with some 300 gr bullets. Explain the implications of central clearing on wrong-way risk. The Bergara HMR stock is also adjustable for both length of pull and comb height in order to better fit the shooter. . I shot the group in the photo below at 100 yards and it measured just under .75. The Remington 700 short action bottom metal came today for the McMillan Game Hunter stock I plan to bed the CVA Paramount in. I plan to try 275 gr Parker Match Hunters or Ballistic Extremes in it after sizing them in the Parker smooth sided sizing die. In this case, the linkage between exposure and the counterpartys probability of default produces an overall decrease in counterparty risk. I personally think that is an overly optimistic BC, but the PowerBelt ELR is still a very aerodynamic projectile that has a significantly higher BC than typical muzzleloader bullets. The good news is the CVA Paramount stock has a great recoil pad.