Pricing Books [Page 4 of 151]

La tematica del transfer pricing, insieme alla Base erosion and profit shifting, rappresenta un continuo punto di criticità nei rapporti di compliance tra Amministrazioni Finanziarie e società appartenenti a un gruppo multinazionale operanti tramite "consociate" dislocate in differenti Paesi.
La rivista cerca di gettare le basi per chi si approccia con le problematiche legate al transfer pricing partendo da un'evoluzione normativa in ambito nazionale e internazionale del fenomeno, passa all'analisi delle criticità legate a tali operazioni (come metodi applicativi, documentazione da produrre, obblighi dichiarativi) fino all'analisi degli aspetti sanzionatori, dell'attività di ruling internazionale, alla luce delle novità introdotte dal Dlgs 147/2015 e ai punti di convergenza tra la disciplina fiscale e doganale circa la determinazione dei prezzi di trasferimento in base ai chiarimenti forniti dall'agenzia delle Dogane nella circolare 6 novembre 2015, n. 16/D e delle novità introdotte dal nuovo Codice doganale dell'Unione (Cdu) entrato in vigore, quasi totalmente, lo scorso 1° maggio unitamente ai chiarimenti forniti dalla circolare del 19 aprile 2016, n. 8/D.

The credit derivatives market is booming and, for the first time, expanding into the banking sector which previously has had very little exposure to quantitative modeling. This phenomenon has forced a large number of professionals to confront this issue for the first time. Credit Derivatives Pricing Models provides an extremely comprehensive overview of the most current areas in credit risk modeling as applied to the pricing of credit derivatives. As one of the first books to uniquely focus on pricing, this title is also an excellent complement to other books on the application of credit derivatives. Based on proven techniques that have been tested time and again, this comprehensive resource provides readers with the knowledge and guidance to effectively use credit derivatives pricing models. Filled with relevant examples that are applied to real-world pricing problems, Credit Derivatives Pricing Models paves a clear path for a better understanding of this complex issue.

Dr. Philipp J. Schönbucher is a professor at the Swiss Federal Institute of Technology (ETH), Zurich, and has degrees in mathematics from Oxford University and a PhD in economics from Bonn University. He has taught various training courses organized by ICM and CIFT, and lectured at risk conferences for practitioners on credit derivatives pricing, credit risk modeling, and implementation.

In this book, Philipp Schönbucher covers all the important modelling approaches from hedge-based pricing to stochastic-intensity models, credit rating models and firm's value based models, concluding with a large chapter on portfolio credit risk models. The author builds the models starting from simple basic models, introducing complexity only where it is needed, and explaining implementation, data collection and calibration on the way. The advantages and disadvantages of the different pricing approaches are clearly confronted, and the effects of hidden assumptions on the output of the models are identified.

The book is an indispensable tool for credit derivatives traders, quantitative analysts, software developers, risk managers, regulators, auditors, and anybody interested in how credit derivatives are priced.