BOT是在国际上近十几年来兴起的一种基础设施建设的融资和项目管理模式，是一种利用外资和民营资本兴建基础设施的很有前途的新模式。本章介绍BOT项目的基本概念、模式、结构、产生的背景等。 第一节 BOT项目概述 第二节 BOT项目的程序和参与方 第四节 BOT项目的合同

一、植物的多样性和我国的植物资 源 二、植物在自然界和国民经济中的 作用 三、植物学的分支学科 四、植物学与农业科学的关系 五、学习本课程的目的与方法 第一节 植物细胞 第二节 植物细胞的分裂 第三节 植物的组织

国内外发展现状 美国:最早提出 1972年开始在全国范围内实行水污染物排放许可证制度; 1972—1976年实施第一轮许可证制度阶段, 污染源削减量的确定,主要采用最佳专业判断(BU)方法(以 判断为依据)一收集工业行业可利用的数据和资料,结合高 质量技术分析作出判断。当时使用的比例,高达75%;

30.2 Big Losses by Financial Institutions Allied Irish Bank($700 million) Barings($1 billion) Chemical Bank($33 million) Daiwa ($1 billion) Kidder Peabody ($350 million) LTCM ($4 billion) Midland Bank ($500 million) National Bank ($130 million) Sumitomo ($2 billion)

Futures Contracts Available on a wide range of underlying assets · Exchange traded · Specifications need to be defined: What can be delivered, - Where it can be delivered, When it can be delivered Settled daily Options, Futures, and Other Derivatives,5 5th edition2002 by John.hull

Long Short Hedges A long futures hedge is appropriate when you know you will purchase an asset in the future and want to lock in the price A short futures hedge is appropriate when you know you will sell an asset in the future want to lock in the price

Nature of Swaps A swap is an agreement to exchange cash flows at specified future times according to certain specified rules Options, Futures, and Other Derivatives, 5th edition 2002 by John C. Hull

American vs European options An American option is worth at least as much as the corresponding European option

A Simple Binomial model A stock price is currently $20 In three months it will be either $22 or

The Stock Price Assumption Consider a stock whose price is s In a short period of time of length 8t, the return on the stock is normally distributed