README-File                DelFin for Delphi v. 0.9 beta
===========                =============================


Thank you for trying 'DelFin' for Delphi.

To integrate components to the Delphi Application Development Environment
and have them added to and accessable to click into your applications from
the Component palette, in Delphi, run Options | Add/Install components.
There, select the file Optreg.PAS, and click [ OK ] (compile a new 
component-library). The new components will show up in your Component 
palette defaulting to page 'DelFin'.

The library now includes two components to calculate the price and "Greeks"
of Call and Put options based on Black and Scholes (1973) model. The components
also calculates the implied volatility of the options.

Instructions for use

1. It is your responsibility to check the validity of the data input, such as
exercise date > current date, stock price > 0, interest rate >0, volatility >0, 
etc.

2. The demo program is a good place to familiarize yourself with the components.
To run the demo program you should have TurboPower's Orpheus. Otherwise, the 
DEMO.EXE is included in the zip file. The DEMO source file is useful in constructing
your own application.


3. All the "Greeks" are read only fields computed upon request.

4. The components are fully functional. The last exercise date is limited to 31/12/96.

I hope to finish the first version until the end of this month. The shareware
will cost $24 without sources and $59 with sources.

I am developing a full set of financial modeling tools for option and fixed income 
securities. Any suggestions are welcome.

Have fun with our Components
 
Ido Freidlin
Ben-Shahar Schwartz Ltd.
Compuserve: 100320,1647
Internet: 100320.1647@compuserve.com