Re: [Quantlib-dev] Proposed change to Convertible Bond model

[John M. <jwm...@ya...>]

Does anyone know the purpose of the Soft Callability class? It's defined in
convertiblebond.hpp and implemented in discretizedconvertible.cpp. I'm asking
because as far as I know, call triggers are typically tied to a period of time,
e.g. stock price above 120% for 20 out of 30 days. In its implementation in
QuantLib, it simply acts as a potential additional call at each node, and thus
inflates the overall price of the bond.