What is cva trading desk
In other words, CVA is the market value of counterparty credit risk. This price depends on counterparty credit spreads as well as on the market risk factors that drive derivatives' values and, therefore, exposure. This "risk" is represented by a second set of forward curves for each swap leg CVA Desk Implementation CVA Desk • The basic idea is to push Counterparty Credit Risk management out of Trading Desks and create a dedicated CVA Desk so that Traders can go on working in the risk-free world exactly as before, removing the need for: o Accessing the whole portfolio (which could have specific legs booked into