Subject: FW: ASTRIP vs ASN
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Mon, 22 Oct 2001 13:34:09 -0700 (PDT)

Hi Brad,
I asked Zimin Lu from research as to which formula is more correct when valuing asian options. He replied the ASTRIP is more suitable for the options that we have. We will probably continue to use the ASTRIP in our model to remain consistent with the way we've been valuing these options in the past. Please let me know what you decide to do on your side.

Thanks,
Reno

-----Original Message-----
From: Lu, Zimin 
Sent: Monday, October 22, 2001 2:57 PM
To: Casimir, Reno
Subject: Re: ASTRIP vs ASN
Importance: High

You should use ASTRIP if
The option is on serval month
Averaging.

I am out for a conference. Call Bob LEE for more question.

Zimin
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Zimin Lu