special-purpose-vehicle

  1. Nicole Seaman

    P2.T6.24.26. Central Clearing, Margin Requirements & SPVs

    Learning Objectives: Describe central clearing of OTC derivatives and discuss the roles, mandate, advantages, and disadvantages of the central counterparty (CCP). Explain the margin requirements for both centrally-cleared and non-centrally-cleared derivatives. Define special purpose vehicles...
  2. Nicole Seaman

    P1.T3.21.10. Exchanges and OTC Markets

    Learning objectives: Describe how exchanges can be used to alleviate counterparty risk. Explain the developments in clearing that reduce risk. Describe netting and describe a netting process ... Describe the role of collateralization in the OTC market and compare it to the margining system...
    • Nicole Seaman
    • Thread
    • clearing collateralization counterparty-risk exhanges margining-system netting otc-market special-purpose-vehicle
    • Replies: 0
    • Forum: FRM® Practice Questions
  3. Nicole Seaman

    P1.T1.20.7. Credit risk transfer mechanisms

    Learning objectives: Compare different types of credit derivatives, explain how each one transfers credit risk and describe their advantages and disadvantages. Explain different traditional approaches or mechanisms that firms can use to help mitigate credit risk. Evaluate the role of credit...
    • Nicole Seaman
    • Thread
    • business-models credit-derivatives credit-risk-transfer financial-crisis mitigating-credit-risk securitization special-purpose-vehicle
    • Replies: 0
    • Forum: FRM® Practice Questions
  4. Nicole Seaman

    P2.T6.913. Central counterparties: history, waterfall and xVA impacts (Gregory Ch.9)

    Learning objectives: Identify counterparty risk intermediaries including central counterparties (CCPs), derivative product companies (DPCs), special purpose vehicles (SPVs) and monoline insurance companies (monolines) and describe their roles. Describe the risk management process of a CCP and...
    • Nicole Seaman
    • Thread
    • bilateral-derivatives-market capital-value-adjustment central-counterparties credit-value-adjustment derivative-product-companies funding-value-adjustment loss-waterfall-structure margin-value-adjustment monoline-insurance-companies over-the-counter-derivatives risk-intermediaries special-purpose-vehicle
    • Replies: 0
    • Forum: FRM® Practice Questions
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