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Conference Time: 5th July 2025, 07:44:07am EEST
 

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Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

 
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Session 3.07: An Analytical Model for Loan Commitments Facing the Material Adverse Change
Time:
Tuesday, 26/Aug/2025:
2:00pm - 2:30pm

 Location: Mikado Conference hall

Meeting hall “Mikado”, which can accommodate up to 50 people

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Presentations

An Analytical Model for Loan Commitments Facing the Material Adverse Change

Prof. Dan Galai, Prof. Zvi Wiener

The Hebrew University of Jerusalem, Israel

We propose a new analytical model for the valuation of loan commitments and some of their main features including the MAC (Material Adverse Change) clause. A two-period contingent claims approach in continuous time is developed. The advantage of this approach is that it is based on rational economic considerations that are not based on utility functions.



 
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