<t>Thanks for the info. I don't understand your comment on the basis risk (are you taking about the spread difference between the CDS and the bond. how do you define it). In addition do you see other risks (e.g. embedded to bond trading) which could conflict with the risks embedded in the short CDS ...

Hi, is there somebody who can explain me the (good and bad) consequences of hedging a short CDS position via shorting bonds?I was already thinking about:a) interest rate risk (can be hegded via IRS)b) the funding of collateral for lending the bondc) ...regardsEgmont

Hi, is there somebody who can explain me the (good and bad) consequences of hedging a short CDS position via shorting bonds?I was already thinking about:a) interest rate risk (can be hegded via IRS)b) the funding of collateral for lending the bondc) ...regardsEgmont

Hi,How to deal with HVaR on a portfolio of illiquid stocks (e.g. 100 zero day-to-day scenarios out of the 250d history)? Egmont

wrc

Perhaps you know somebody who disposes of Bloomberg, but they have a very well documented help functions, and hence you dispose of the most used technical indicators. From my experience, i can assure you that it really works , especially for intraday trading.ciaoEgmont

Try Dynamic Hedging : Managing Vanilla and Exotic Options (Wiley Finance)by Nassim Nicholas Taleb

It's no study, just change your parameters and rerun your book, or track P&L vs correlation and thinsk will become quite clear.ciaoEgmont

Very good is JPM CDO handbook -> free available.ciaoEgmont

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Try Hull or Wilmott ... and a whole world will open....ciaoEgmont

Indeed BB has ... Don't you know somebody at an invest. bank?ciaoEgmont

No but thry searching on the 'rega' (i.e., greek, which measures p&l dif vs correlation moves, ceteris paribus)ciaoEgmont

tnx a lot!

Numaweb and OIC options (both are alos good information centers )ciao