Whitepaper on P&L Attribution now available for download

P&L Attribution — Judging the weathermen

“The storm starts, when the drops start dropping
When the drops stop dropping then the storm starts stopping.”
― Dr. Seuss, Oh Say Can You Say?

Classifying Derivatives (or herding cats onto a carousel)

It is always easy to find fault with a classification. There are a hundred ways of arranging any set of objects, and something may almost always be said against the best, and in favour of the worst of them. But the merits of a…

The contract before the chicken and the egg

To the perennial question “Which comes first; the music or the words”? Ira Gershwin responded, “What usually comes first is the contract”.

And so it is with financial instruments like derivatives, which after all are contracts —…

For whom the bell tolls…or regulatory reporting compliance

For Swap Dealers (SD) and Major Swap Participants (MSP), Friday October 12, 2012 was the effective date for which compliance to the swap public and regulatory reporting rules of the Dodd-Frank Act is required (for interest rate…