Label: | Financial Risk Market Nth To Default Credit Derivatives Short Position Amount |
TREF ID: | DE12474 |
Data Type: | xbrli:monetaryItemType |
Period Type: | instant |
Balance Type: | debit |
Business Description & Guidance: |
This is the value, as at the relevant date, of short positions in nth-to-default credit derivatives, calculated in accordance to the relevant prudential standards.An nth-to-default credit derivative is a contract where the payoff is based on the nth asset to default in a basket of underlying reference instruments. Once the nth default occurs the transaction terminates and is settled.Short positions represent positions where a fall in the value of the asset or derivative would result in a profit. |
Usage
Form | Labels | |
Label:
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Standard Method - Interest Rate Risk - Correlation Trading Portfolio - N-th to default credit derivatives- Short Positions |