Title :
Hi-Tech Industrialization Bond: Modeling and Pricing
Author :
Fan Teng ; Rong Chen ; Xian Jing
Author_Institution :
Sch. of Econ. & Trade, Zhejiang Univ., Ningbo, China
Abstract :
A new financial instrument, hi-tech industrialization bond was introduced in accordance with the usual process of asset-backed securitization. Monte Carlo simulation was applied to modeling and pricing hi-tech industrialization bond under certain parameter settings according to reality of Ningbo. It is concluded that hi-tech industrialization bond is feasible and can be alternative way to get more bank loans for hi-tech industrialization projects.
Keywords :
Monte Carlo methods; banking; industrial economics; Monte Carlo simulation; asset-backed securitization; financial instrument; hi-tech industrialization bond; Asset management; Bonding; Costs; Economic indicators; Financial management; Industrial economics; Industrial training; Instruments; Pricing; Technology management;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5304464
