Home: About Us / Policy

Disclaimer and Policy

In no event shall Excel Business Solutions (EBS) be liable for any direct, indirect, incidental, special, or consequential damage(s), including damage(s) causing loss of profit, revenue, data or usage, incurred by you or any third party, arising from the use of our products/services.

The file(s) and/or code that are generated by Excel Business Solutions' consultants shall not be disclosed to, sold, or used by any third party unless such activity is specifically authorized and permitted in writing within the scope of the original proposal and agreement (The Agreement) between you, the Customer, and Excel Business Solutions.

Excel Business Solutions does not guarantee the completion of any project within a precise time frame. Nevertheless, as Excel Business Solutions strives to provide the best service and deliver all projects in a timely manner whenever possible, you, the Customer, acknowledge that unexpected events may occur that could delay delivery and/or affect the final cost of the project.

The preliminary quote is based upon the Customer’s initial verbal and written representation of his project to EBS and is subject to change and modification during the developmental process, depending on the changing requirements of the Customer and EBS’ workload. Should such modification of the project occur, the Agreement will be deemed to have been amended to allow time for such modification and the price and delivery date to the Customer to have been adjusted accordingly.

This Agreement, constitutes the entire agreement of the parties hereto and supersedes all prior representations, proposals, discussions, and communications, whether oral or in writing.

Quick Contact Box

Black-Scholes Option Pricing Model

The Black-Scholes model is a mathematical model of the market for an equity, in which the equity's price is a stochastic process. Its PDE is an equation which (in the model) the price of a derivative on the equity must satisfy. The Black–Scholes formula is the result obtained by applying the Black-Scholes PDE to European put and call options. The formula was derived by Fischer Black and Myron Scholes and published in 1973. They built on earlier research by Edward O. Thorp, Paul Samuelson, and Robert C. Merton. The fundamental insight of Black and Scholes is that the option is implicitly priced if the stock is traded.
More Info