Department of the Theory of Stochastic Processes of the Institute of Mathematics of the National Academy of Sciences of Ukraine organizes an extended session of the seminar "Malliavin calculus and its applications" for young mathematicians. During this session master students from different countries can present their investigations making 30 minutes on-line talks. This is the seventh such mini-conference that continues traditions of the Department to attract young people to the problems of modern theory of stochastic processes.