Explore the words cloud of the ABC-EU-XVA project. It provides you a very rough idea of what is the project "ABC-EU-XVA" about.
The following table provides information about the project.
STICHTING NEDERLANDSE WETENSCHAPPELIJK ONDERZOEK INSTITUTEN
|Coordinator Country||Netherlands [NL]|
|Total cost||1˙550˙869 €|
|EC max contribution||1˙550˙869 € (100%)|
1. H2020-EU.1.3.1. (Fostering new skills by means of excellent initial training of researchers)
|Duration (year-month-day)||from 2018-11-01 to 2022-10-31|
Take a look of project's partnership.
|1||STICHTING NEDERLANDSE WETENSCHAPPELIJK ONDERZOEK INSTITUTEN||NL (UTRECHT)||coordinator||531˙239.00|
|2||UNIVERSIDADE DA CORUNA||ES (LA CORUNA)||participant||501˙809.00|
|3||ALMA MATER STUDIORUM - UNIVERSITA DI BOLOGNA||IT (BOLOGNA)||participant||261˙499.00|
|4||UNIVERSITE LIBRE DE BRUXELLES||BE (BRUXELLES)||participant||256˙320.00|
|5||ABANCA CORPORACION BANCARIA, SA||ES (A CORUNA)||participant||0.00|
|6||BANCO SANTANDER SA||ES (CANTABRIA)||participant||0.00|
|7||BELFIUS BANQUE SA||BE (BRUXELLES)||participant||0.00|
|8||COOPERATIEVE RABOBANK UA||NL (UTRECHT)||participant||0.00|
|9||TECHNISCHE UNIVERSITEIT DELFT||NL (DELFT)||participant||0.00|
|10||UNIPOL GRUPPO FINANZIARIO SPA||IT (Bologna)||participant||0.00|
|11||ALMIS INFORMATICA FINANCIERA||ES (Oñati)||partner||0.00|
'This EID aims to address significant challenges arising from the mathematical modelling, numerical computation and risk management, in the form of valuation adjustments, of financial contracts. Valuation adjustments represent a major focus of the on-going regulatory reform related to the recent global financial crisis. X-Value Adjustment (XVA) refers generally to these different valuation adjustments. The purpose of XVA is two-fold: To hedge possible losses due to a counterparty default event, and to determine the amount of capital required by the institution under the new regulations. The 'X' in XVA can be many letters, as institutions have to deal with CVA (credit value adjustment), FVA (funding value adjustment), KVA (capital value adjustment), MVA (margin value adjustment), etc. This is reflected in the EID's title. As these adjustments require deep understanding in terms of the mathematical modelling and efficient computation, we will work at the forefront and consider huge financial portfolios and different market scenarios, inclusing extreme cases.
We thus wish to educate six ESRs in modern risk management and valuation adjustments, and we are in the unique setting that four major European banks, one major European insurer plus a major consulting company agreed to join efforts with five reputed academic beneficiaries, from Spain, Italy, Belgium and the Netherlands. The industry will host the ESRs for 18 months and will be active in the special organized Events.
Next to advanced research projects for ESRs, we will set up a series of educational weeks in the form of summer- and winterschools, where different aspects of risk management and valuation adjustments, including wrong-way risk, collateralization, real world versus risk neutral measure simulations are discussed in detail. Tailored courses on entrepeneurship, on boosting the ESR's CVs, on management and proposal writing will give the ESRs a warm start of a successful career in the financial industry.'
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The information about "ABC-EU-XVA" are provided by the European Opendata Portal: CORDIS opendata.