The Walkaway Clause
Title | The Walkaway Clause PDF eBook |
Author | John Dalmas |
Publisher | |
Total Pages | 253 |
Release | 1986 |
Genre | Assassins |
ISBN | 9780812534764 |
Counterparty Credit Risk and Credit Value Adjustment
Title | Counterparty Credit Risk and Credit Value Adjustment PDF eBook |
Author | Jon Gregory |
Publisher | John Wiley & Sons |
Total Pages | 427 |
Release | 2012-09-07 |
Genre | Business & Economics |
ISBN | 1118316665 |
A practical guide to counterparty risk management and credit value adjustment from a leading credit practitioner Please note that this second edition of Counterparty Credit Risk and Credit Value Adjustment has now been superseded by an updated version entitled The XVA Challenge: Counterparty Credit Risk, Funding, Collateral and Capital. Since the collapse of Lehman Brothers and the resultant realization of extensive counterparty risk across the global financial markets, the subject of counterparty risk has become an unavoidable issue for every financial institution. This book explains the emergence of counterparty risk and how financial institutions are developing capabilities for valuing it. It also covers portfolio management and hedging of credit value adjustment, debit value adjustment, and wrong-way counterparty risks. In addition, the book addresses the design and benefits of central clearing, a recent development in attempts to control the rapid growth of counterparty risk. This uniquely practical resource serves as an invaluable guide for market practitioners, policy makers, academics, and students.
Journal of the House of Representatives of the United States
Title | Journal of the House of Representatives of the United States PDF eBook |
Author | United States. Congress. House |
Publisher | |
Total Pages | 1452 |
Release | 2006 |
Genre | Legislation |
ISBN |
Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House."
United States Congressional Serial Set, Serial No. 14924, House Report No. 724, 9/11 Recommendations Implementation Act, Pts. 1-6
Title | United States Congressional Serial Set, Serial No. 14924, House Report No. 724, 9/11 Recommendations Implementation Act, Pts. 1-6 PDF eBook |
Author | |
Publisher | Government Printing Office |
Total Pages | 1678 |
Release | |
Genre | |
ISBN |
9/11 Recommendations Implementation Act
Title | 9/11 Recommendations Implementation Act PDF eBook |
Author | United States. Congress. House. Permanent Select Committee on Intelligence |
Publisher | |
Total Pages | 96 |
Release | 2004 |
Genre | Intelligence service |
ISBN |
Counterparty Credit Risk
Title | Counterparty Credit Risk PDF eBook |
Author | Jon Gregory |
Publisher | John Wiley & Sons |
Total Pages | 449 |
Release | 2011-09-07 |
Genre | Business & Economics |
ISBN | 0470689994 |
The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining). Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) are also considered at length. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. A key feature of the credit crisis has been the realisation of wrong-way risks illustrated by the failure of monoline insurance companies. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and, in particular, credit derivative products. Portfolio counterparty risk is covered, together with the regulatory aspects as defined by the Basel II capital requirements. The management of counterparty risk within an institution is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner with any responsibility or interest within the area of counterparty credit risk.
Congressional Record
Title | Congressional Record PDF eBook |
Author | United States. Congress |
Publisher | |
Total Pages | |
Release | 2008 |
Genre | Law |
ISBN |
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)