At UniCredit, XVAs amped trading gains in Q3
Italian lender UniCredit made €455 million ($538 million) in trading income over the third quarter. But of this amount, 24% came about through favourable valuation adjustments (XVAs) to its derivatives portfolio rather than in cash revenue.
UniCredit said XVAs, including debit, credit and funding valuation adjustments, added €110 million to its trading income over Q3. In Q2, these adjustments cost the bank €158 million and in Q1 €67 million. Including XVA effects, trading income was up almost
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
Fallbacks, Libor and the cultural risks of lockdown
The week on Risk.net, November 14-20, 2020
Receive this by email