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It's an eight figure product, so regardless of how you or anyone else on a forum feels about it (I mean, everyone likes to window shop, including me), I suspect
by aseipp 5y ago
It's an eight figure product, so regardless of how you or anyone else on a forum feels about it (I mean, everyone likes to window shop, including me), I suspect their sales pipelines aren't going to be hamstrung by it.
- eb0la 5y agoEven at eight figures still makes sense for accurate value at risk calculation. A friend that works in risk management told me a financial institution you must have enough cash 'at rest' to cover your part of your whole VAR. The problem here is VAR is hard to calculate. For a small bank it might be simple, but for a big one exposed to ousands of financial instruments it is not simple... ... and every million that you can have at work counts.