Abstract
To provide a foundation for the rest of this book, this chapter defines the terminology and discusses the basics of financial contracts.
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Notes
- 1.
The London Interbank Offered Rate (LIBOR) is the rate of interest at which one bank is prepared to deposit money into another bank.
- 2.
Figure 3-9 evokes David C. Hay’s work on modeling variables in various industries set forth in his pioneering books on modeling patterns listed in the “Recommended Readings” section of this chapter.
- 3.
This hypothetical case is based on Sherwood v. Walker (66 Mich. 568, 33 N.W. 919, 1887), which was seminal in the evolution of the doctrine of mutual mistake in U.S. contract law.
- 4.
Figure 3-15 draws on David C. Hay’s work on modeling patterns for “loss events” and regulations in the context of work orders set forth in his books on modeling patterns listed in the “Recommended Reading” section of this chapter.
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© 2013 Robert Mamayev
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Mamayev, R. (2013). Financial Contracts. In: Data Modeling of Financial Derivatives. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-6590-0_3
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DOI: https://doi.org/10.1007/978-1-4302-6590-0_3
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