Download or read book Pricing Average Price Options for the 1990 Mexican and Venezuelan Recapture Clauses written by Stijn Claessens and published by World Bank Publications. This book was released on 1990 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pricing models are developed to value the recapture clauses in the 1990 Mexican and Venezuelan debt restructuring agreements. The current values of the recapture clauses are less than one- quarter of the maximum contractually possible and decrease as the standard deviation of the oil price increases.