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The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name. |
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STUDIA INFORMATICA - Issue no. 1 / 2003 | |||||||
Article: |
THE LOAN-BANK CONTRACT: A SWAP OPTION. Authors: D. AKUME. |
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Abstract: Abstract. This review paper discusses financial options of the European type, particularly swap options and their pricing using the modified Black Model(1976). It also discusses the theory and modelling of Contractual Sav- ing for Housing1 as practiced by German "Bauparkassen". After a discussion of both Option Pricing and Loan Banking, the last part of this paper reveals that a loan-bank contract is in actual fact a financial option on an amortiza- tion swap. The outlook aims at the valuation of such a swaption. | |||||||