定价风险

保险公司寿险产品定价风险实证研究

The Empirical Analysis for Pricing Risk in Insurance Company

资产负债匹配风险是保险公司所面临的产品定价风险、资产信用风险、利率风险以及现金流量逆向选择等风险的综合结果。

Asset-liability matching risk is the compositive result of pricing risk , asset credit risk , interest rate risk and cash flow adverse selection risk .

其次，运用模糊数学的理论和方法以及VaR风险管理技术对企业并购的定价风险进行度量。

Secondly we used fuzzy mathematics theory and technology of VaR to calculate the risk of evaluation in M & A.

我国上市公司并购定价风险的动态控制

Dynamic Controlling about the Risk of M & A Evaluation of Chinese Listed Company

要防范产品定价风险。

To prevent the product pricing risks .

造成金融危机的原因不是银行家的激励方案，而是未能正确定价风险的系统性失灵。

The financial crisis was caused not by bankers ' incentive plans but by a systematic failure to price risk correctly .

利率的波动会给金融机构带来利率风险：重新定价风险和市场价值变动风险。

The fluctuation of interest rate will bring interest rate risk to financial institutions : repricing risk and market value change risk .

在分类费率厘定中，风险分级变量是个重要的概念，并不是所有的定价风险因素都可以找到合适的风险分级变量。

Risk classification variable is an important concept , not all of risk factors can be used as the risk classification variables .

利率风险按照来源的不同，可以分为重新定价风险、收益率曲线风险、基准风险和期权性风险。

According to its different sources , interest rate risk may be classified into repricing risk , yield curve risk , basis risk and optionality .

商业银行所面临着四种主要的利率风险：重新定价风险、基本点风险、选择权风险、收益曲线风险。

The commercial banks face four kinds of main interest : Fix the price risk , basic point risk , option risk , yield curve risk .

无论衡量银行家表现的期限有多长，如果不能精确定价风险，就不可能给他们以正确的激励。

Without accurately priced risk , there is no way of giving bankers the right incentives , however long the period over which their performance is measured .

第三章对非寿险公司准备金评估中的概念和方法进行分析，从而给出定价风险和准备金不足风险以及保险风险的定义。

Chapter 3 analyze concepts and methodologies about the reserve valuation for Property and Casualty ( P / C ) insurers to define pricing risk and reserving risk .

本文将我国民营企业海外并购财务风险按照风险的来源划分为四类：定价风险、融资风险、偿债风险和财务整合风险。

The financial risks can be divided into four parts by the source ofrisk : pricing risk , capital financing risk , debt risk and financial integration risk .

本文对并购双方最关心、最敏感的问题一并购定价风险进行研究。

This article is research on the most concerned about and the most sensitive issues of M A buy price problem exists in the risk the pricing risk research .

其中并购前主要表现为定价风险，并购实施中表现为融资及支付风险，并购后主要是财务整合风险。

And price risk mainly manifest before merger , financing and payment risks appear in the implement of M & A , risk of financial integration always appear later period .

在利率即将实现完全市场化的背景下，住房抵押贷款所面对的利率风险主要表现在重新定价风险、内含期权风险、基准风险、收益率曲线风险等方面。

With the background of market-oriented interest rate , housing mortgage loans have to face enormous interest rate risks in forms of repricing , optionality , basic risk , and yield curve .

通过综合银行并购的各类动因，本文进一步考察了银行并购过程中的可能风险，包括经营风险、财务风险、定价风险、并购失败风险以及综合风险。

Possible operation risks of banks are further investigated , which are composed of operation risk , financial risk , pricing risk , failure risk of merger & acquisition and finally , composite risk .

我国利率市场化的过程中，商业银行将主要面临收益曲线风险、基准风险、重新定价风险、选择权风险、政策性风险。

In the process of the marketization of exchange rate in China commercial banks will be mainly confronted with such risks as yield curve risk basic rate risk re-pricing risk option risk and policy risk .

以中国商业银行的具体情况为现实依据，采用比较分析法对我国商业银行面临的重新定价风险、基差风险、收益曲线风险、期权性风险进行系统分析。

Based on the specific circumstances reality of Chinese commercial banks , applying comparative analysis to analyze the commercial banks that facing reprising risk , basis risk , yield curve risk and optional risk systematically .

第四部分：分别研究了法律风险、融资风险、目标企业定价风险以及文化整合风险的防范措施，并提出了对我国政府的政策建议；

The fourth part analyzes the countermeasures of the main risks such as law risk , financing risk , price drawing risk and cultural integration risk . And also some policy advices for our government are given .

最后研究了企业并购定价风险的控制策略，并且用两个案例来分析说明我国企业并购的定价风险及控制建议。

Finally , we studied the control strategy of the risk of evaluation in M A , and used two case of Chinese enterprise M A to analyzed how to control the risk of evaluation in M A in china .

全文以风险资本投资运动过程分析为基础，按风险项目筛选评价风险项目价值挖掘风险项目定价风险项目培育评价风险项目退出评价的主线来展开研究工作。

Based on the analysis of venture capital investing operation process , the main-line of this paper is what can be demonstrated as following : evaluation of screening ventures ventures value digging pricing ventures evaluation of fostering ventures evaluation of exiting ventures .

二是利率市场化后由银行内部利率风险管理机制引起的恒久性风险，主要包括重新定价风险、收益曲线风险、基准风险和期权性风险。

The permanent risk includes reprising risk , yield curve risk , basis risk and optionality risk . On the basis , it points out that the interest rate risk which will be faced by commercial banks can be divided into temporary risk and permanent risk .

通过实证分析发现，预定利率市场化对寿险收入规模的影响并不十分显著，因此并不会导致寿险收入规模减少；但预定利率市场化的确会加大寿险公司的定价风险和利差损风险。

From the empire results , we find that the influence of assumed interest rate liberalization towards to life insurance income scale is not very significant , so it will not reduce the scale of life insurance income , but it indeed increases the risk of interest spread .

SV模型下的期权定价和风险计量

Using SV Model to Price Option and Measure its Risk

本文主要探讨了将Copula理论应用在金融领域，分析基于Copula理论的多金融资产定价与风险测度的建模方法与应用。

The paper studies the application of the Copula theory in the financial field including modeling and analysis of financial assets pricing and risk measurement .

运用copula理论建立的多变量金融时间序列模型可以替代向量GARCH模型，用以描述随机变量间时变的条件相关关系，并可广泛应用于金融市场的相关性分析、资产定价和风险管理等金融领域。

Copula function represents the dependent structure of a random variable vector . It provides a new method of tail events analysis and an alternative to multivariate GARCH models . It can be used widely in risk management , asset pricing and Financial Series analysis etc.

浮动利率结构下的远期定价与风险管理

Forward Price and Risk Management with the Structure of Floating Rate

在进出口贸易中采用期货定价的风险分析

On Risks of " Future-Market Pricing " in International Trade

对数正态随机波动率期权局部风险最小定价与风险对冲

The local r-minimized pricing and hedging of option under the log-normal Stochastic Volatility