Learning Curve

Despite the growth of exotic-type options, some of the most basic hedging strategies are still popular as they fulfill basic hedging needs in a simple and effective way.

If value at risk forecasts based on an internal market risk model, such as M, are used in practice, it is of crucial importance to know whether M's forecast quality is sufficiently high to be relied on.

In this article we survey alternative models of default.

Over the past 10 years, the market for equity derivative-linked structured products in the U.K. has grown dramatically in size and sophistication.

This is the third of three articles regarding a heuristic approach to measuring counterparty credit risk. In the first part, author Robert Garzotto explained the approach broadly.

This is the second of three articles regarding a heuristic approach to measuring counterparty credit risk.

This is the first of three articles regarding a heuristic approach to measuring counterparty credit risk.

Convertible bonds (CBs) can be awkward beasts. In this Learning Curve we will wrestle with a question that has been controversial, namely--what discount rate should be used in valuing CBs?

This is the second week of DW's Learning Curve coverage of two consultative papers issued by The Basel Committee on Banking Supervision.

The Basel Committee on Banking Supervision has produced two further consultative papers on individual aspects of the new capital adequacy framework.

Global derivatives markets are facing change on an unprecedented scale following the introduction of business-to-business (B2B) derivative exchanges.

In June 1998, after long years of debate, the Financial Accounting Standards Board issued its new standard on derivatives, Statement No. 133, Accounting for Derivative Instruments and Hedging Activities.