How Long to Read Modelling, Pricing, and Hedging Counterparty Credit Exposure

How Long Does it Take to Read Modelling, Pricing, and Hedging Counterparty Credit Exposure?

It takes the average reader 4 hours and 18 minutes to read Modelling, Pricing, and Hedging Counterparty Credit Exposure by Giovanni Cesari

Assuming a reading speed of 250 words per minute. Learn more

Description

It was the end of 2005 when our employer, a major European Investment Bank, gave our team the mandate to compute in an accurate way the counterparty credit exposure arising from exotic derivatives traded by the ?rm. As often happens, - posure of products such as, for example, exotic interest-rate, or credit derivatives were modelled under conservative assumptions and credit of?cers were struggling to assess the real risk. We started with a few models written on spreadsheets, t- lored to very speci?c instruments, and soon it became clear that a more systematic approach was needed. So we wrote some tools that could be used for some classes of relatively simple products. A couple of years later we are now in the process of building a system that will be used to trade and hedge counterparty credit ex- sure in an accurate way, for all types of derivative products in all asset classes. We had to overcome problems ranging from modelling in a consistent manner different products booked in different systems and building the appropriate architecture that would allow the computation and pricing of credit exposure for all types of pr- ucts, to ?nding the appropriate management structure across Business, Risk, and IT divisions of the ?rm. In this book we describe some of our experience in modelling counterparty credit exposure, computing credit valuation adjustments, determining appropriate hedges, and building a reliable system.

How long is Modelling, Pricing, and Hedging Counterparty Credit Exposure?

Modelling, Pricing, and Hedging Counterparty Credit Exposure by Giovanni Cesari is 254 pages long, and a total of 64,516 words.

This makes it 86% the length of the average book. It also has 79% more words than the average book.

How Long Does it Take to Read Modelling, Pricing, and Hedging Counterparty Credit Exposure Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 52 minutes to read Modelling, Pricing, and Hedging Counterparty Credit Exposure aloud.

What Reading Level is Modelling, Pricing, and Hedging Counterparty Credit Exposure?

Modelling, Pricing, and Hedging Counterparty Credit Exposure is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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