New VaR models are complex, and the choices of each CCP will create significant differences. For every firm that uses derivatives, margin will become harder to explain, predict and allocate.
So which firms are set to win – and which to lose? In our latest ebook, we discuss:
The various modelling choices made by CCPs will create significant differences. We quantify the impact of different modelling choices.
For every firm that uses derivatives, there will be added complexity. We explore how Trading, Treasury and Operations will be impacted.
New techniques will be required to manage margin – firms calculating their margin independently have the advantage. We explain why.