CCB
CCB-Z Valuation Engine
HIT 800 Prototype · Harare Institute of Technology
Valuing climate-contingent debt for Zimbabwean agricultural infrastructure.
A research prototype that operationalises the dissertation "Valuation and Optimal Structuring of Climate-Contingent Bonds (CCBs) for Sustainable Agricultural Infrastructure Financing in Zimbabwe using Stochastic Calculus."It combines a Hull-White short-rate model, an Ornstein-Uhlenbeck climate index, a Jarrow-Turnbull reduced-form default intensity, Monte-Carlo pricing, Differential-Evolution structural optimisation and IPCC-aligned stress scenarios.
Stochastic-calculus pricing
Monte-Carlo simulation
Climate-trigger coupons
IPCC stress testing
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