TENSILO

Financial Derivatives and XVA Advisory

Clients

Each one unique for whom we provide a bespoke solution

Each of our clients has their own requirements and their own expectations. That is why we provide a bespoke service which recognises this. We create solutions that fit a client, not fit a client to a solution. In addition we have strong partnerships with several other firms who can provide complimentary expertise in accountancy, regulatory, IT solutions and trade compression. We also have a partner with strong XVA experience to provide capital and structuring support if required.

Financial Institutions

Whether providing an overview of your XVA process, leading projects, training programmes or providing innovative structuring ideas our aim is to provide solutions that get delivered and provide hard results.

Corporate Treasury

With an in-depth experience of the sell-side approach to corporate lending and derivatives we can provide real insight and solutions to your hedging requirements from an independent and experienced view.

Governmental

We can bring independent and thoughtful insights to governmental and regulatory institutions about derivative hedging approaches or how the financial industry is dealing with regulatory change.

Legal Profession

With almost three decades of experience in the finance industry across credit, rates and XVA, our knowledge provides valuable expert witness advice whether seeking negotiated solutions or at trial.

With close to thirty years of experience in the financial markets having worked in derivative and credit trading teams, I bring a breadth of knowledge and expertise to your company which will be innovative, yet practical in it's approach and implementation.

My career spanned a number of international banks in London and New York and gave me an in depth knowledge of Interest Rate Derivatives (Swaps, Options and Structured Products), Credit Derivatives (CDS, CDO, Credit Index, Loan & Bond Trading), and XVA risk management (CVA, derivative funding, regulatory impacts).

During the last seven years I spent time building and implementing one of the most successful global XVA teams in the industry covering all aspects of counterparty credit, derivative funding and resource management across an entire firms derivatives portfolio.

I look forward to working with you to create innovative and practical solutions for derivative risk management within your business.

Steven Marshall

Founder of Tensilo Limited

Published Articles

Measuring Returns on Derivatives

Using KVA and other metrics to effectively measure returns on your derivative portfolio.

Wrong Way Risk and Effects on CVA

Thoughts around implementing WWR in CVA calculations and the challenges in doing so.

Musings on WWR With Respect to FX Trading

Things are not always what they seem when considering WWR FX trades with collateral.

A Brief History of XVA

A non-technical introduction into the development of XVA risk management from pre-crisis to present day.

Marcus Evans Conference

9th Annual Derivative Funding & Valuations Conference

An innovative full day workshop on the practical application of XVA covering a history of it's development along with current best practices on risk management of CVA, Derivative Funding and Capital Management. Please get in touch for a bespoke program suitable for your needs.

TENSILO

Services

Expert and practical advice on risk management using financial derivatives

Financial Derivatives

XVA

Counterparty Credit

Financial Training