Essays about: "Fortet Algorithms"
Found 1 essay containing the words Fortet Algorithms.
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1. Pricing contingent convertible bonds: A numerical implementation with the hybrid equity-credit model
University essay from Göteborgs universitet/Graduate SchoolAbstract : The contingent convertible (CoCo) bond is a loss-absorbing instrument which can be converted mandatorily to common equity when a trigger event happens, such as the bookvalue trigger and the discretionary trigger. The book-value trigger means that once the capital ratio hits the pre-specified threshold, the equity conversion will be activated. READ MORE
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