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010   $a9783031878893
024 7 $a10.1007/978-3-031-87889-3
035   $a(CKB)38776275900041
035   $a(DE-He213)978-3-031-87889-3
035   $a(MiAaPQ)EBC32098475
035   $a(Au-PeEL)EBL32098475
035   $a(OCoLC)1524426001
035   $a(EXLCZ)9938776275900041
100   $a20250510d2025      u|         0
101 0 $aeng
135   $aur|||||||||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aCallable Mortgage Bonds $eNumerical Methods and Valuation Models for Pricing and Risk Analysis /$fby Niels Rom
205   $a1st ed. 2025.
210  1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2025.
215   $a1 online resource (XX, 206 p. 43 illus.) 
225 1 $aFinance for Professionals,$x3059-3530
311 08$a9783031878886 
327   $aChapter 1. Introduction -- Chapter 2. Fixed Income -- Chapter 3. Mathematical Finance -- Chapter 4. Prepayment Model Estimation -- Chapter 5. Stochastic Interest Rate Model -- Chapter 6. Simulation -- Chapter 7. Finite Difference -- Chapter 8. Semi-Analytic MBS Pricing -- Chapter 9. adjustable-rate Mortgages -- Chapter 10. Valuation of a Mortgage Credit Institute?s Loan Book -- Chapter 11. Cash Settled Swaptions.
330   $aCallable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds. This book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute?s loan book is included. .
410  0$aFinance for Professionals,$x3059-3530
606   $aCapital market
606   $aFinancial risk management
606   $aSocial sciences$xMathematics
606   $aStatistics
606   $aFinancial engineering
606   $aCapital Markets
606   $aRisk Management
606   $aMathematics in Business, Economics and Finance
606   $aStatistics in Business, Management, Economics, Finance, Insurance
606   $aFinancial Engineering
615  0$aCapital market.
615  0$aFinancial risk management.
615  0$aSocial sciences$xMathematics.
615  0$aStatistics.
615  0$aFinancial engineering.
615 14$aCapital Markets.
615 24$aRisk Management.
615 24$aMathematics in Business, Economics and Finance.
615 24$aStatistics in Business, Management, Economics, Finance, Insurance.
615 24$aFinancial Engineering.
676   $a332.0415
700   $aRom$b Niels$4aut$4http://id.loc.gov/vocabulary/relators/aut$01821203
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9911002558603321
996   $aCallable Mortgage Bonds$94384900
997   $aUNINA