The purpose of Finance and Stochastics is to provide a high standard publication forum for research in all areas of finance based on stochastic methods on specific topics in mathematics (in particular probability theory statistics and stochastic analysis) motivated by the analysis of problems in finance. Finance and Stochastics encompasses - but is not limited to - the following fields: theory and analysis of financial markets continuous time finance derivatives research insurance in relation to finance portfolio selection credit and market risks term structure models statistical and empirical financial studies based on advanced stochastic methods numerical and stochastic solution techniques for problems in finance intertemporal economics uncertainty and information in relation to finance. Finance and Stochastics will also publish surveys on financial topics of general interest if they clearly picture and illuminate the basic ideas and techniques at work the interrelationship of different approaches and the central questions which remain open. Special issues may be devoted to specific topics in rapidly growing research ares. In summary Finance and Stochastics will serve as a publication platform for both theoretical and applied financial economists using advanced stochastic methods and researchers in stochastics motivated by and interested in applications in finance and insurance.