Using forward martingale methods, this paper analytically studies the pricing revolverloan in the framework of credit structural model.
本文在远期鞅测度下，应用信用风险结构模型对循环贷款价格的解析计算进行研究。
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Based on analyzing the main characters of the revolverloan and reduced form models, the modeling idea about pricing the revolverloan is presented by applying reduced form model.