Modelling and Computing the Total Value Adjustment for European Derivatives in a Multi-Currency Setting
Since the global financial crisis of 2007–2008, different adjustments are considered in the pricing of financial products to incorporate the counterparty risk; the set of these adjustments is referred to as total value adjustment or XVA.
https://wsc.project.cwi.nl/abcxva/overview-research-programme/publications/esr4-roberta-simonella/simonela_et_al_2022.pdf/view
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Modelling and Computing the Total Value Adjustment for European Derivatives in a Multi-Currency Setting
Since the global financial crisis of 2007–2008, different adjustments are considered in the pricing of financial products to incorporate the counterparty risk; the set of these adjustments is referred to as total value adjustment or XVA.