{"product_id":"xva-challenge-counterparty-risk-funding-collateral-capital-and-initial-margin","title":"xVA Challenge: Counterparty Risk, Funding, Collateral, Capital and Initial Margin","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eThe xVA challenge has been updated and expanded,with a focus on counterparty credit risk,the reappraisal of assumptions,regulatory capital and liquidity requirements,and valuation adjustments. It covers modelling and implementation aspects and brings readers up to speed on the latest developments. \u003c\/blockquote\u003e\u003cp\u003e                                                            \u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e                              \u003cstrong\u003eLength\u003c\/strong\u003e: 704 pages\u003cbr\u003e                              \u003cstrong\u003ePublication date\u003c\/strong\u003e: 20 May 2020\u003cbr\u003e                              \u003cstrong\u003ePublisher\u003c\/strong\u003e: John Wiley \u0026amp; Sons Inc\u003cbr\u003e                          \u003c\/p\u003e \u003cp\u003eThe global financial crisis has sparked a significant re-evaluation of derivatives valuation, commonly referred to as valuation adjustments (xVAs). The quantification of xVA has become an essential aspect of derivatives pricing and valuation. However, the complexity of the xVA topic has been compounded by accounting standards and regulations. It is crucial for all users of derivatives to have a comprehensive understanding of the implications of xVA.\u003cbr\u003e\u003cbr\u003eThe pricing and valuation of various xVA terms have been extensively studied, with numerous aspects constantly debated in both industry and academia. In this book, we will delve into the intricacies of counterparty credit risk, exploring the various risk mitigants and how they lead to the different xVA terms. We will also explain why banks have undergone a dramatic reappraisal of the assumptions they make when pricing, valuing, and managing derivatives.\u003cbr\u003e\u003cbr\u003eWhat does the industry generally mean by xVA, and how is it used by banks, financial institutions, and end-users of derivatives? We will provide a clear explanation of this concept and its practical applications. Furthermore, we will delve into the underlying regulatory capital (e.g., SA-CCR, SA-CVA) and liquidity requirements (NSFR and LCR) and their impact on xVA. We will underscore why banks have recognized the significant influence that funding costs, collateral effects, and capital charges have on valuation.\u003cbr\u003e\u003cbr\u003eThe evolution of accounting standards to cover CVA, DVA, FVA, and potentially other valuation adjustments will also be discussed. We will explain in detail all of the valuation adjustments, including CVA, DVA, FVA, ColVA, MVA, and KVA, and how they fit together. We will cover quantification of xVA terms by discussing modelling and implementation aspects.\u003cbr\u003e\u003cbr\u003eIn considering the nature of the underlying market dynamics and the new regulatory environment, this book aims to bring readers up to speed on the latest developments in xVA. Whether you are a financial professional, a risk manager, or an academic interested in derivatives valuation, this book provides valuable insights and knowledge.\u003c\/p\u003e\u003cp\u003e                            \u003cstrong\u003eWeight\u003c\/strong\u003e: 1396g                            \u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 113 x 251 x 46 (mm)                            \u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781119508977                            \u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 4th Edition                          \u003c\/p\u003e","brand":"Jon Gregory","offers":[{"title":"Hardback","offer_id":44106179084538,"sku":"9781119508977","price":64.26,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/7a7e6267e04315746b4c114be3953ccc.jpg?v=1626667769","url":"https:\/\/shulphink.com\/products\/xva-challenge-counterparty-risk-funding-collateral-capital-and-initial-margin","provider":"Shulph Ink","version":"1.0","type":"link"}