XVA · THE ECONOMICS OF A TRADEExplore. Calculate. Understand.

Start with a clean value. Explore the credit, collateral, funding and capital decisions that change its economics. Research-based teaching models; every applet states its sign convention and assumptions.
THE BIG PICTURE

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Here’s what’s happening

Explore the idea

TRY THIS

FOLLOW THE NUMBERS

Calculation walkthrough

THE IDEA, SIMPLY

WHAT THIS EXAMPLE ASSUMES

CHECK THE SOURCE

All amounts are in £ millions unless stated. CVA and DVA below are unilateral illustrations. The overview is an economic cost bridge, not a universal accounting or replication formula. Funding and own-credit adjustments require a consistent framework to avoid overlap.