Abstract
Vanilla derivatives, such as the plain put or call options discussed in the last chpater, are only part of the financial derivative instruments being traded in financial markets. A great deal of financial derivative instruments are exotic. They are out of the ordinary, tailored to special needs and traded on the over-the-counter markets. Usually, exotic derivatives brokers bring together both sides of a contract and construct a product which does not exist as an exchanged-traded option. As such, exotic options are given a variety of unconventional features which make their valuation a challenging topic.
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© 1996 Springer-Verlag Berlin Heidelberg
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Chen, L. (1996). Pricing Exotic Options. In: Interest Rate Dynamics, Derivatives Pricing, and Risk Management. Lecture Notes in Economics and Mathematical Systems, vol 435. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46825-4_3
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DOI: https://doi.org/10.1007/978-3-642-46825-4_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-60814-1
Online ISBN: 978-3-642-46825-4
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