选择权

We propose a jump-diffusion credit market model that treats the CDS spread as the major variable to value a credit default swaption, in which the jumps are modeled by the marked point processes as well as the compound Poisson processes.

本文提出一个跳跃扩散模型，将信用违约交换的价差当作主要变数来计算信用违约交换选择权的价格，其中跳跃的部份是以标点过程以及复合波式过程来描述。

Multinomial tree,Swaption,Credit Default Swap CDS

多元树，利率交换选择权，信用违约交换

Right now, though, we're not bound by seedings.

尽管现在我们不受选择权的限制，我们还要考虑 NBA 的季后赛不受限制，那我们就有机会去挑选对决的选手了。

An important way is that the drill master sitting in the back cabin has the choice of piloting switching by one added button: In the default setting, the drill master has the right of control; the student like the back gunner on IL2 now can watch but can't pilot the plane. The panel data come from the drill master's computer and received by the student's computer, showed on his screen.

重要的一个方法是，坐在后舱的教官拥有驾驶权的切换选择权，可通过增加一个按键来控制，具体操作过程如下：默认情况下，教官拥有控制权，学员如同现在IL2的后座射击手一样，只能看而不能驾驶飞机，此时的仪表数据以教官电脑为准，学员电脑仅接受数据，并在本机上运算出仪表数据，并显示出来。

A bilateral optional electricity forward contract is introduced in this paper,which entitles both seller and buyer to curtail or reject the contracted energy when the spot price is high or low.

提出了一种合同双方均有选择权的电力远期合同模型，根据期权定价思想给出了合同价格计算方法，并通过一个合同买卖双方各自追求最大期望报酬的均衡模型，给出了有关期权敲定价的均衡选择。

I'm enclosing an op-ed piece I wrote for The Washington Post describing a truly breathtaking bill that was passed 312-111 by the House last summer. Thanks to Senator Richard Shelby, the Senate didn't ratify the House's foolishness. And, to his great credit, Bill Donaldson, the investorminded Chairman of the SEC, has stood firm against massive political pressure, generated by the check-waving CEOs who first muscled Congress in 1993 about the issue of option accounting and then repeated the tactic last year.

附件有一篇我曾在华盛顿邮报刊登的社论，文中提到去年夏天在众议院以 312 票对 111 票通过的一项惊世骇俗的法案，多亏参议员 Richard Shelby 的阻挡，参议院最后并未批准众议院的愚蠢行为，另外证管会主委 Bill Donaldson 以其一生清誉，坚定抵挡强大的政治压力，大企业总裁们企图利用政治献金游说国会议员，重施在 1993 年封杀选择权会计原则实行的故技，。

Either does Nieves, at least in the Yankees' system. He is out of minor league options and said he would probably try to sign with another organization rather than play for Scranton.

ieves也是，至少在洋基系统堙A他的选择权已用完，他说他可能会和其他球团签约，而不会在Scranton打球了。

To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses -How to Value a Business, and How to Think About Market Prices.

投资要成功，你不需要研究什么是 Beta 值、效率市场、现代投资组合理论、选择权定价或是新兴市场，事实上大家最好不要懂得这一些理论，当然我这种看法与目前以这些课程为主流的学术界有明显不同，就我个人认为，有志从事投资的学生只要修好两门课程-亦即&如何给予企业正确的评价&以及&思考其与市场价格的关系&即可。

Additionally, this study will particularly consider the change of the surrender option with respect to the surrender charge ratio, loading premium ratio, interest volatility, and individual insured mortality variability.

此外，本研究将特别的考虑，由於解约费用率、附加保险费率、利率波动度、以及个别被保险人死亡率变动度的改变，所造成解约选择权价值的影响。

The option to buy or sell a specific asset, such as a block of stock, at a predetermined price before a certain date.

买卖选择权：在一定日期前以预定订立的价格买卖一定的物品的权利

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了