The valuation of no-negative equity guarantees and equity release mortgages

The valuation of no-negative equity guarantees and equity release mortgages

Yes === We outline the valuation process for a No-Negative Equity Guarantee in an Equity Release Mortgage loan and for an Equity Release Mortgage that has such a guarantee. Illustrative valuations are provided based on the Black ’76 put pricing formula and mortality projections based on the M5, M6 a...

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Bibliographic Details
Main Authors: Dowd, K., Buckner, D., Blake, D., Fry, John
Language:en
Published: 2020
Subjects:
Actuarial science
Black '76 model
CBD mortality models
Equity release
No-negative equity guarantee
Prudential regulation
Online Access:http://hdl.handle.net/10454/17567

Internet

http://hdl.handle.net/10454/17567

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