The xVA Challenge Counterparty Risk, Funding, Collateral, Capital and Initial Ma

Description: Home About Us Postage & Payment Returns Contact Add The Pom Shop to your Favorites and receive our email newsletters about new items and special promotions. General Interest The xVA Challenge: Counterparty Risk, Funding, Collateral, Capital and Initial Margin, 4th Edition (Wiley Finance) Product DescriptionA thoroughly updated and expanded edition of the xVA challengeThe period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments (xVAs). The quantification of xVA is now seen as fundamental to derivatives pricing and valuation. The xVA topic has been complicated and further broadened by accounting standards and regulation. All users of derivatives need to have a good understanding of the implications of xVA. The pricing and valuation of the different xVA terms has become a much studied topic and many aspects are in constant debate both in industry and academia.Discussing counterparty credit risk in detail, including the many risk mitigants, and how this leads to the different xVA termsExplains why banks have undertaken a dramatic reappraisal of the assumptions they make when pricing, valuing and managing derivativesCovers what the industry generally means by xVA and how it is used by banks, financial institutions and end-users of derivativesExplains all of the underlying regulatory capital (e.g. SA-CCR, SA-CVA) and liquidity requirements (NSFR and LCR) and their impact on xVAUnderscores why banks have realised the significant impact that funding costs, collateral effects and capital charges have on valuationExplains how the evolution of accounting standards to cover CVA, DVA, FVA and potentially other valuation adjustmentsExplains all of the valuation adjustments CVA, DVA, FVA, ColVA, MVA and KVA in detail and how they fit togetherCovers quantification of xVA terms by discussing modelling and implementation aspects.Taking into account the nature of the underlying market dynamics and new regulatory environment, this book brings readers up to speed on the latest developments on the topic.From the Inside Flap Praise for The xVA Challenge "The issue of counterparty risk has undergone rapid change since the credit crisis. All end users of OTC derivatives are affected by these changes. The title 'xVA' reflects the increased complexity generated by these changes. Jon Gregory provides the reader with a comprehensive, yet readable, discourse on the different facets of counterparty risk. This book is an essential reading for regulators and all users of OTC derivatives." Stuart M. Turnbull, Bauer Chaired Professor of Finance, Bauer College of Business, University of Houston "Jon Gregory is one of the godfathers of the VA story. He is amongst the few who can demystify the puzzle and this book is a key tool for bringing light into these dark matters." Wim Schoutens, Independent consultant Professor in financial engineering, University of Leuven, Belgium "This is by far the clearest and most comprehensive reference work on counterparty credit risk and related value adjustments. With this new edition, Jon Gregory explains the latest changes in market practice, along with critical expert commentary." Darrell Duffie, Dean Witter Distinguished Professor of Finance, Stanford Graduate School of Business "The previous editions of Jon Gregory's books on the post-crisis over-the-counter derivatives markets were classics, packed with a wealth of information. This new edition greatly extends the coverage of the first three editions. Like them, it is a must-buy for anyone involved with derivatives markets. Congratulations Jon on another excellent book." John Hull, Maple Financial Group Chair in Derivatives and Risk Management - Rotman School of Management, University of TorontoFrom the Back CoverA thoroughly updated and expanded edition of the xVA challenge The period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments ('xVAs'). The quantification of xVA is now seen as fundamental to derivatives pricing and valuation. The xVA topic has been complicated and further broadened by accounting standards and regulat Shipping Shipping is free for all customers in Australia. Your package will be safely taken care of & posted from England by means of Priority Airmail, which is air freighted to your nearest Australia Post Distribution Center (Sydney, Melbourne, Brisbane, or Perth), from where they are delivered to your address by Australia Post. Returns and refunds We operate a 30 day money back guarantee. If you are unhappy with the product for whatever reason, please contact us to arrange a return and refund. As shipping costs are not retrievable, we are unable to refund shipping costs. Feedback We use an automated eBay feedback response system. If you are happy with the product, please leave positive feedback and we will automatically leave positive feedback for you. If you are unhappy with the transaction for any reason, please contact us first to resolve. If you do leave negative or neutral feedback you waive your rights for support regarding any problems with us and open yourself up for possible retaliatory negative feedback. Please avoid making negative feedback remarks, contact us first if you have any problems! We are here to help! Contact Us Please contact us via eBay messages if you have any questions and our Customer Service team will be happy to assist you with any queries. Thank you. Home About Us Postage & Payment Returns Contact Copyright © 2017 - 2024 The Pom Shop. All rights reserved.

Price: 202.25 AUD

Location: Priority Airmail from England

End Time: 2024-11-17T11:33:40.000Z

Shipping Cost: 10.03 AUD