根据产品不同的架构和设计条款，每种产品对违约强度、违约相关性等变量的敏感性是不尽相同的。
According to the different structures and design, each product has its unique sensitivity to the factors like default intensity and default correlation.
随后进行模型的比较，假设违约强度为常数，对无担保的企业债进行分析，比较两个模型的估计误差。
And then, I compare the default intensity of two classes of bond, and compare the model efficiency of the model I use in this paper with that of a simple model.
构建有效的信用违约互换定价模型是信用违约互换研究的核心，而基于强度模型的信用违约互换定价模型研究是目前研究方向的主流。
The credit default swap pricing model is the core of the credit default swap research, and particularly the pricing model based on a reduced form model is the mainstream in current studies.
在考虑企业债券违约风险的情形下，首先将违约看作具有不确定性的随机强度过程，对违约风险进行了建模。
A pricing model of corporation bond is built up, default assumed as a stochastic intensity process and related to risk-free interest rate.
在考虑企业债券违约风险的情形下，首先将违约看作具有不确定性的随机强度过程，对违约风险进行了建模。
A pricing model of corporation bond is built up, default assumed as a stochastic intensity process and related to risk-free interest rate.
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