Expected shortfall, like VAR, is a function of two parameters: N (the time horizon in days) and X% (the confidence level). It is the expected loss during an N-day period, conditional that the loss is greater than the Xth percentile of the loss distribution.
Longanisa is a Philippine version of a Spanish Longaniza sausage. Longaniza is also popular in Argentina, Chile, Mexico and all other Spanish speaking countries including the Caribbean Islands like Cuba and the Dominican Republic.
Skinless Longanisa is a cured, no-casing sausage that is sweet, salty and with coarsely ground black peppercorns. They are usually served at breakfast with garlic fried rice and a runny sunny-side up egg. Skinless, because it is missing the casing, which is traditional for longanisa.kinless Longanisa is a cured, no-casing sausage that is sweet, salty and with coarsely ground black peppercorns. They are usually served at breakfast with garlic fried rice and a runny sunny-side up egg. Skinless, because it is missing the casing, which is traditional for longanisa.