Purpose of this paper: In this paper we consider the dynamics of the risky portfolio follows jump diffusion process, and the Ruin contingent life annuity (RCLA) contract under the Heston stochastic volatility framework is priced. By comparison to the literatures, we aim to illustrate that, by...

SMEs have a key role of building a creative and progressive nation. The industrial engines of Japan, China, US, Germany and Taiwan are also driven by the SME sector. Finance/credit is the most critical component in any business process. Any industrial sector cannot work to its full capacity...

This report provides an overview of the utility of single stock and custom basket options in fund management. It is shown that managers of active equity funds can limit possible negative return contributions of their over - and underweight positions via single stock options and thus help to...