পদ্ধতির তুলনা করুন

	হাল-হোয়াইট মডেল	Libor Market Model
ক্ষেত্র	পরিমাণগত অর্থায়ন	পরিমাণগত অর্থায়ন
পরিবার	Regression model	Regression model
উদ্ভবের বছর	1990	1997
প্রবর্তক	John C. Hull and Alan White	Alan Brace, Dariusz Gatarek, and Marek Musiela
ধরন	Interest Rate Model	Interest Rate Model
মৌলিক উৎস	Hull, J., & White, A. (1990). Pricing interest-rate-derivative securities. Review of Financial Studies, 3(4), 573-592.	Brace, A., Gatarek, D., & Musiela, M. (1997). The market model of interest rate dynamics. Mathematical Finance, 7(2), 127-155.
অপর নাম	Extended Vasicek, Generalized Vasicek	BGM Model, LMM
সম্পর্কিত	4	4
সারসংক্ষেপ	The Hull-White model (1990) is a one-factor short-rate model with time-dependent mean reversion and volatility, designed to fit the initial yield curve exactly. It generalizes the Vasicek model to allow better calibration to observed bond and derivative prices, and is widely used for pricing interest rate exotics and managing interest rate risk.	The LIBOR Market Model (BGM), developed by Brace, Gatarek, and Musiela (1997), is a multi-factor interest rate model that directly models forward LIBOR rates as lognormal processes. Unlike short-rate models, LMM naturally prices caplets at the market level and is the industry standard for valuing caps, floors, and exotic interest rate derivatives.