<t>Thanks for your view,Gmike2000,1/I don't really agree with you. Because Iheard that dealers are contributing on a monthly basis in pricing bespoke on totem. Which theoretically give them a view on their pricing. 2/ For bespoke there is no standards! Okay! but what about smile interpolation which ...

<t>Dear all,I want just to point out some problematics that rises from bespokes Tranches. Just to recall the market "standard" (May I call it like that??). The first question is what correlations should be used to price the bespoke tranche? the market is using some method of mapping on the available...

<t>Hi,Ihave problems with calculating VoD of synthetic tranches.For me the most intuitive method is:1- Bootstrap the base correlation smile2-Set the LGD= (1-RR)/1253-Calculate the new strikes and get the new correlation smile by interpolation (let's say linear interpolation)4-Calculate new Equity PV...