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Descriptionfirst term of the hedged BA-CVA capital formula, that aggregates the systematic components of CVA risk cc arising from the bank’s counterparties, the single-name hedges and the index hedges
Reference[MAR50.22]
Formula(ρc(SCVAcSNHc)IH)2\left( \rho \cdot \sum_{c} (SCVA_c - SNH_c) - IH\right)^2