 One of the components of this basis is a new martingale, in the large filtration, that possesses nice features. Hence, the dynamics of mortality and longevity securities used in the securitization is described without mortality specification, and this constitutes our second novel contribution.
<coherence>  One of the components of this basis is a new martingale, in the large filtration, that possesses nice features. Hence, the dynamics of mortality and longevity securities used in the securitization is described without mortality specification, and this constitutes our second novel contribution.
 This constitutes our second novel contribution.