Before revision:  We then extend these results to the special case of the LSV model called Regime Switching Local Volatility , where the stochastic volatility factor is a jump process taking finitely many values and with jump intensities depending on the spot level.
After revision:  We then extend these results to the special case of the LSV model called regime switching local volatility , where the stochastic volatility factor is a jump process taking finitely many values and with jump intensities depending on the spot level.