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Pricing export credita concise frame...

Franzetti, Claudio.

Pricing export credita concise framework with examples and implementation code in R /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Pricing export creditby Claudio Franzetti.
Reminder of title:	a concise framework with examples and implementation code in R /
Author:	Franzetti, Claudio.
Published:	Cham :Springer International Publishing :2021.
Description:	xxvi, 246 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Export creditPrices.
Online resource:	https://doi.org/10.1007/978-3-030-70285-4
ISBN:	9783030702854$q(electronic bk.)

Pricing export credita concise framework with examples and implementation code in R /
Franzetti, Claudio.

Pricing export credita concise framework with examples and implementation code in R /[electronic resource] :by Claudio Franzetti. - Cham :Springer International Publishing :2021. - xxvi, 246 p. :ill., digital ;24 cm. - Management for professionals,2192-8096. - Management for professionals..

Chapter 1. Motivation -- Chapter 2. Export Credit Industry -- Chapter 3. Insurance Background -- Chapter 4. Finance Fundamentals -- Chapter 5. Preliminaries -- Chapter 6. New Premium Framework -- Chapter 7. Historic Default Rates -- Chapter 8. Market Version of the Framework -- Chapter 9. Minimum Interest Calculation -- Chapter 10. Comparison with OECD Arrangement -- Chapter 11. Other Pricing -- Chapter 12. Conclusions.

Pricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees, based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.

ISBN: 9783030702854$q(electronic bk.)

Standard No.: 10.1007/978-3-030-70285-4doiSubjects--Topical Terms:

892272
Export credit
--Prices.

LC Class. No.: HG3753 / .F73 2021

Dewey Class. No.: 332.742

Pricing export credita concise framework with examples and implementation code in R /
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505 0 $a Chapter 1. Motivation -- Chapter 2. Export Credit Industry -- Chapter 3. Insurance Background -- Chapter 4. Finance Fundamentals -- Chapter 5. Preliminaries -- Chapter 6. New Premium Framework -- Chapter 7. Historic Default Rates -- Chapter 8. Market Version of the Framework -- Chapter 9. Minimum Interest Calculation -- Chapter 10. Comparison with OECD Arrangement -- Chapter 11. Other Pricing -- Chapter 12. Conclusions.
520 $a Pricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees, based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.
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