code: def CreateApplication(self, ApplicationName=None):
          
          if ApplicationName is not None:
              self.Name = tounicode(ApplicationName)
          self._App = self._Skype.Application(self.Name)
          self._Skype.RegisterEventHandler('ApplicationStreams', self._ApplicationStreams)
          self._Skype.RegisterEventHandler('ApplicationReceiving', self._ApplicationReceiving)
          self._Skype.RegisterEventHandler('ApplicationDatagram', self._ApplicationDatagram)
          self._App.Create()
          self._CallEventHandler('Created', self)
docs: Creates an APP2APP application context. The application is automatically created using
          `application.Application.Create` method.
          
          :Parameters:
            ApplicationName : unicode
              Application name. Initial name, when the manager is created, is ``u'CallChannelManager'``.