Breaking down



The credit crisis has shown no respect for the derivatives industry's cherished traditions - even going so far as to kick sand in the face of the pricing techniques first developed in 1973 by Nobel prize winners Fischer Black and Myron Scholes. The Black-Scholes model showed that equity options could be valued by inferring volatility from market prices, and this insight has become the cornerstone for derivatives pricing - including valuation of the credit products that have been at the heart of

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: