for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is … valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still … valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a development. These …

Valuation always has to deal with uncertainty. The paper provides an overview and illustration of how Monte Carlo …

's industries. Though, assessing these ambiguous factors in a valuation based on a Monte-Carlo simulation is particularly difficult …

The principle of equivalence in mathematics of finance compares and values cash flows. It requires a valuation of time … and uncertainty. From a mathematical point of view the valuation is an equivalence relation. This perspective offers a … unified formal framework. In mathematics of finance time is valued by interest. In valuation of uncertainty one distinguishes …