The xVA Challenge; could open source be the answer?

By Stuart Smith, Co-Head Business Development Risk & Data

xVA, or "X-Value Adjustment," refers to a group ofadjustments made to the value of derivative contracts to account for variousrisks and costs associated with the trade. The "X" in xVA stands for"uncertain" or "unknown," reflecting the fact that theadjustments are made to account for risks that are difficult to predict ormeasure.

This article explores how Open-source solutions have the potential to help smaller banks compete in the xVA space covering:

• The main types of xVA
• Competitive advantages from xVA engines
• Benefits (and limitations) of Open-source Software
• ORE - an Open-source Risk Engine

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