caa a22 4500 469053895 CHVBK 20180323132837.0 cr unu---uuuuu 170328e19921001xx s 000 0 eng 10.1007/BF01732895 doi (NATIONALLICENCE)springer-10.1007/BF01732895 HUEI: Pricing a Chinese saving-borrowing pool [Elektronische Daten] [Gang Shyy, Annie Nein] This paper tries to provide proper pricing methods for Traditional Huei Pool (THP), a very popular investment/borrowing vehicle in Taiwanese society. We find that THP equals the sum of a series of amortised loans by the "dead” members plus a newly formed THP by living members. If forming and terminating a THP is without any cost, it can be proven that the value of THP equals the discounted value of future payments by dead members. In addition, credit risk will increase the Huei discount and therefore will increase the funding cost for the Huei bidder. Faculty of Business Administration National University of Singapore, 1992 Shyy Gang National Central University, Taiwan aut Nein Annie Overseas Trust and Investment Co, China aut Asia Pacific Journal of Management Kluwer Academic Publishers 9/2(1992-10-01), 179-188 0217-4561 9:2<179 1992 9 10490 https://doi.org/10.1007/BF01732895 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01732895 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Shyy Gang National Central University, Taiwan aut NATIONALLICENCE 700 1- Nein Annie Overseas Trust and Investment Co, China aut NATIONALLICENCE 773 0- Asia Pacific Journal of Management Kluwer Academic Publishers 9/2(1992-10-01), 179-188 0217-4561 9:2<179 1992 9 10490 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer