Market Foundations
The infrastructure every other product runs through — collateral, clearing, valuation and the legal architecture that ties an OTC relationship together.
6 products, each with a five-step lesson, a worked example and a bank of twelve questions.
- Collateral and the CSA — The cash and bonds that back an OTC exposure
- Central Clearing — A central counterparty steps into every trade
- Valuation and Marking — What a trade is worth, and which curve says so
- The ISDA Architecture — The paperwork that makes every other product possible
- XVA and Counterparty Risk — Why the same swap is never quite the same price twice
- Execution and Reporting — How a trade gets done, and who has to know about it