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Pricing Export Credit = A Concise Framework with Examples and Implementation Code in R /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Pricing Export Credit/ by Claudio Franzetti.
Reminder of title:	A Concise Framework with Examples and Implementation Code in R /
Author:	Franzetti, Claudio.
Description:	XXVI, 246 p. 104 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Business enterprises—Finance. -
Online resource:	https://doi.org/10.1007/978-3-030-70285-4
ISBN:	9783030702854

Pricing Export Credit = A 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. - 1st ed. 2021. - XXVI, 246 p. 104 illus.online resource. - 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

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

1253877
Business enterprises—Finance.

LC Class. No.: HG4001-4285

Dewey Class. No.: 658.15

Pricing Export Credit = A Concise Framework with Examples and Implementation Code in R /
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