Sunday, 8 March 2009

A brief guide to the calculation of MTM P&L in the FX market.

You should compute position at PV
With Discount Factors from the market rates
Which you interpolate, (log-linearly),
To give the values for your broken dates.
Then sum the cash flows for each given date,
This sum times Discount Factor will provide,
A set of values, summed again to calculate
A total to which, now, may be applied
A reval FX rate. This will return
the Dollar value of your currency.
Add this to your true Dollar and you'll learn
Your P&L (again shown at PV).

The outcome of this simple set of sums
Will form the base from which your bonus comes.

No comments:

Post a Comment