RiskTech Forum

Counterparty Credit Risk, Central Clearing And CVA

Posted: 11 October 2012  |  Source: PRMIA


The over-the-counter derivatives market is undergoing a tidal wave of change that will affect financial institutions throughout the world. We are moving from a world where the majority of transactions are cleared bilaterally to one where the majority of transactions will be cleared through central clearing parties (CCPs). Collateral requirements will be increased and trades will have to be reported to central repositories.

This webinar will explain the difference between bilateral clearing and central clearing and the new regulations that require standard OTC derivatives to be cleared centrally. It will examine key questions concerned with the costs and benefits of central clearing. It will also explain the role of CVA and DVA, how they are calculated, and the impact of the new Basel III requirements.