Hi,
Can someone help with with some reading material for clean and hypo pnl used for VaR backtesting purposes.
Also the mechanism of pull to par calculations and its exclusion from clean or hypothetical PnL.
@David Harper CFA FRM
TIA
@David Harper CFA FRM ,
Can you please help me explain this?
As I understand the it should be default of the counterparty increase funding cost when margin is not posted the party with positive exposure has to fund the amount of loss. Similarly in the second sentence.
Hello David, I have a question under Topic Term Structure Science under that LOS- Arbitrage pricing of derivatives over multiple periods. Page 23
i am unable to follow the attached eq, how do we calculate bond value of P(1,1) and P (1,0) for given risk neutral probabilities. In exam will we be...
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