def CreateApplication(self, ApplicationName=None):
        """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'``.
        """
        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)