risk article fyi forwarded vasant shanbhogue hou ect 01 23 2001 09 06 ben parsons 01 23 2001 08 51 nigel price lon ect ect george albanis lon ect ect markus fiala lon ect ect jean sebastien fontaine corp enron enron katherine siig eu enron enron amitava dhar corp enron enron vasant shanbhogue hou ect ect ilan hershkovitz lon ect ect greg hedger lon ect ect david wall risk mgmt lon ect ect simon brooks lon ect ect cc bryan seyfried lon ect ect steven leppard lon ect ect subject risk article everyone read attached risk article calculating def probs cds quotes amazingly pretty close agreement methodology cds valuation reverse engineering def probs extension reverse engineering instead linearly interpolating cds quotes propose minimising error measure based smoothness def prob curve difference model market prices also amazing fact article published risk given essentially credit pricing paper plus one excellent idea given extra time resources brainpower reason similar work published ben thanks steve pointing article forwarded ben parsons lon ect 23 01 2001 14 40 london fax system 2 23 01 2001 14 09 ben parsons lon ect ect cc subject new fax received likely sender 44 20 7783 8076 received new fax 44 20 7783 8076 image contains 3 page