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STOCK LOANS
Author(s) -
Xia Jianming,
Zhou Xun Yu
Publication year - 2007
Publication title -
mathematical finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.98
H-Index - 81
eISSN - 1467-9965
pISSN - 0960-1627
DOI - 10.1111/j.1467-9965.2006.00305.x
Subject(s) - loan , non conforming loan , stock (firearms) , business , actuarial science , non performing loan , econometrics , finance , financial economics , economics , engineering , mechanical engineering
This paper introduces a mathematical model for a currently popular financial product called a stock loan. Quantitative analysis is carried out to establish explicitly the value of such a loan, as well as the ranges of fair values of the loan size and interest, and the fee for providing such a service.