ISBN-13: 9781119180852 / Angielski / Twarda / 2017 / 416 str.
Authoritative guidance toward technical and quantitative solutions to complex valuation problems Counterparty Credit Risk, Collateral, and Funding, Second Edition is a unique financial guide, providing a much-needed reference for the technical details that other books leave out. Illustrating an in-depth quantitative approach to analyzing counterparty credit risk, funding costs, and valuation adjustments, this book helps practitioners apply sophisticated mathematical solutions to real-world problems. Quantitative models and methods are linked to concrete solutions in order to demonstrate that no single model is uniformly superior or universally applied. Each model is demonstrated step by step with emphasis on the question being examined. Designed to address the practical applications of the frameworks discussed, this book is invaluable for analysts and risk managers seeking useful solutions and more robust protection against counterparty risk and trading costs. Counterparty credit risk is one of the main elements causing banks to fail, and affects all aspects of business. This book provides comprehensive, expert guidance on quantitative methods for tackling complex valuation problems.