1Roy Goode, Guide to the ICC Uniform Rules for Demand Guarantees. ICC Publishing S. A. International Chamber of Commerce, The World Business Organisation, 1992, p. 93. Bertrams, TVVS 1993, 98, Hasse, WM 1993, p. 1993.
2Von Westphalen, RIW 1992, p. 963, DB 1992, p. 2020; See also Hasse, WM 1993, p. 1992.
3Cf. yon Westphalen, p. 103, Zahn/Eberding/Ehrlich, 9/22-25, Dohm, no 41.
4Wymeerseh, TPR. 1986, p. 476, Zahn/Eberding/Ehrlieh, 9/22, note 13. Mattout, no 200.
5R. I. V. F. Bertrams, Bank Guarantees in International Trade - The Law and Practice of Independent (First Demand) Guarantees and Standby Letters of Credit in Civil Law and Common Law Jurisdictions, Second Revised Edition, Kluwer Law International and the International Chamber of Commerce, 1996. p. 44.
6BGH, January 17 1989, NJW 1989, p. 1480. and Kammergericht, November 20 1986, NJW 1987, p. 1774.
2Christopoulos A D, Jarrow R A, Yildirim Y. Commercial mortgage-backed securities (CMBS)and market efficiency with respect to costly information [J]. Real Estate Economics, 2008,36(3) : 441-498.
3Zhou T. Indifference valuation of mortgage-backed securities in the presence of prepayment risk [J].Mathematical Finance, 2010,20 (3) : 479 - 507.
4Qian X, et al. Explicit formulas for pricing of callable mortgage-backed securities in a case of prepayment rate negatively correlated with interest rates [J]. Journal of Mathematical Analysis and Applications, 2012,393 (2) : 421-433.
5Kau J B, Keenan D C, Yildirim Y. Estimating default probabilities implicit in commercial mortgage backed securities (CMBS)[J]. The Journal of Real Estate Finance and Economics, 2009,39 (2) : 107 -117.
6Pinheiro F A P, Savoia J R F. Securitization of receivables--An analysis of the inherent risks[J]. Brazilian Review of Finance, 2009,7 (3) : 305-326.
7Fabozzi F J, Vink D. Looking beyond credit ratings: Factors investors consider in pricing European asset-backed securities[J]. European Financial Management ,2012,18(4) : 515- 542.
8Hull J C, White A D. Valuation of a CDO and an n-th to default CDS without Monte Carlo simulation[J]. The Journal of Derivatives, 2004, 12 (2) : 8- 23.
9Ericsson J,Renault O. Liquidity and credit risk[J]. The Journal of Finance, 2006,61 (5) : 2219- 2250.
10Pan J, Singleton K J. Default and recovery implicit in the term structure of sovereign CDS spreads[J].The Journal of Finance, 2008,63 (5) : 2345- 2384.