Choose a concept path and start exploring.
Each path combines a visual model, plain-language intuition, equations and thought questions.
Risk sensitivities
DV01, CS01, delta, gamma, vega and curvature across bonds, swaps, CDS, equities and options.
Explore price and risk →Stochastic calculus
Probability, Brownian motion, martingales, Itô calculus, geometric Brownian motion and Black–Scholes.
Open the stochastic path →FRTB market risk
SBM delta, vega and curvature for all seven risk classes, DRC, RRAO, IMA ES, NMRFs, RFET, PLAT and backtesting, plus trade-to-capital mapping, visual data tests and a capital optimisation sandbox.
Open the FRTB path →SA-CVA counterparty risk
CVA valuation, netting, collateral, wrong-way risk, hedging and six PRA risk-class laboratories, with delta and vega aggregation.
Open the SA-CVA path →SA-CCR counterparty exposure
Replacement cost, netting, collateral, potential future exposure, six asset-class add-ons and UK alpha treatment.
Open the SA-CCR path →How to use the applets
Begin with the default scenario, change one input at a time, and explain the result in your own words. The “build the intuition” questions are deliberately inquisitive rather than calculation-heavy.