Hi all,
I have some doubt regarding this part in Gregory, chapter 4:
"Hedging: Hedging counterparty risk with instruments such as credit default swaps (CDSs) aims to protect against potential default events and adverse credit spread movements.
o Hedging creates operational risk and additional...
Hello guys,
I have a doubt about Recovery impact on CVA as explained in Gregory page 142 : "increasing LGD reduces the risk-neutral default probability but increases the loss in the event of default". If mathematically I can understand it, I have some problem to understand the economic logic...
1,2,1,1 Passed ! I found the exam different form the practice exams, in particular the exam covered a lot of topics while them were more focused on some specific parts.
However the material was comprehensive and all the question were on topics treated on it.
Thank you to all the BT team for the...
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