2# slayerkook This volume contains a refereed selection of papers, which were firstpresented at the international conference on Numerical Methods forFinance held in Dublin, Ireland in June 2006 and were then submittedfor publication. The refereeing procedure was carried out by membersof the International Steering Committee, the Local Organizing Committeeand the Editors.The aim of the conference was to attract leading researchers, bothpractitioners and academics, to discuss new and relevant numericalmethods for the solution of practical problems in finance.The conference was held under the auspices of the Institute forNumerical Computation and Analysis, a non-profit company limitedby guarantee; see
http://www.incaireland.org for more details.It is a pleasure for us to thank the members of the InternationalSteering Committee:Elie Ayache (ITO33, Paris, France)Phelim Boyle (University ofWaterloo, Ontario, Canada)Rama Cont (Ecole Polytechnique, Palaiseau, France)Paul Glasserman (Columbia University, New York, USA)Sam Howison (University of Oxford, UK)John J. H. Miller (INCA, Dublin, Ireland)Harald Niederreiter (National University of Singapore)Eckhard Platen (University of Technology Sydney, Australia)Wil Schilders (Philips, Eindhoven, Netherlands)Hans Schumacher (Tilburg University, Netherlands)Ruediger Seydel (University of Cologne, Germany)Ton Vorst (ABN-AMRO, Amsterdam, Netherlands)PaulWilmott (Wilmott Associates, London, UK)LixinWu (University of Science&Technology,HongKong, China)and the members of the Local Organizing Committee:John A. D. Appleby (Dublin City University)Nikolai Dokuchaev (University of Limerick)viiviii PREFACEDavid C. Edelman (Smurfit Business School, Dublin)Peter Gorman (Chartered Accountant, Dublin)Bernard Hanzon (University College Cork)Frank Monks (Nexgen Capital, Dublin)Frank Oertel (University College Cork)ShaneWhelan (University College Dublin)Inaddition,wewish to thank our sponsors,without their enthusiasmand practical help, this conference would not have succeeded.The EditorsJohn A. D. ApplebyDavid C. EdelmanJohn J. H.MillerDublin, Ireland