Ji, “Valuation of Portfolio Credit Derivatives with Default Intensities Using the Vasicek Model,” Asia-Pacific Financial Markets, Vol. 18, No. 1, 2011, pp. 33-54. doi:10.1007/s10690-010-9119-zJin Liang,Jun Mei Ma,Tao Wang,Qin Ji.Valuation of Portfolio Credit Derivatives withDefault ...
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First of all, an agency rating is an independent assessment and therefore valuable as a second opinion. An analogy is in revaluing an investment portfolio where a company will normally not use the trader’s own price but an independent price instead. Second, agencies fulfill other roles as wel...
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Credit Card Guidelines means the respective policies and procedures of the Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit card business, which generally are applicable to its portfolio of revolvi...
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