We consider the valuation and analysis of zero-coupon contingent capital bonds (CCBs) in the structural framework. Using Doob's Optional Sampling Theorem (and making virtually no assumptions on asset value dynamics, the terms of conversion or the conversion trigger) we express the value of the...

In Canada, financial advisors and dealers are required by provincial securities commissions and self-regulatory organizations-charged with direct regulation over investment dealers and mutual fund dealers-to respectively collect and maintain know your client (KYC) information, such as their age...