XVA (valuation adjustments for derivatives)
2018 Derivatives and business models- Turlakov
- is the future of XVA to be profit-taking function or backwaters?
Central counterparties should lead to the standartization of the derivatives, and therefore a minor or non-existent role of XVA. But the corporates do not want to become daily liquidity management companies of their margins for the derivatives. Yet corporates have to manage their cashflows daily?