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Welcome to the
PnL Explained Professionals Home Page!
New for August 2020
1)
New Page: Option Pricing Models
2)
New Page: Intro to CTRM Software CTRM = Commodities Trading & Risk
Management
3)
New Page: Intro to Volatilities
4)
Started updating our look and feel to something more modern*.
a) Educate the world about PnL
explained reporting (a.k.a. PnL Explain/PnL Attribution/P&L
Explained/P&L Attribution/Profit and Loss Explained)
b)
Provide a forum for PnL Explained Professionals to share information and help
them meet their professional goals.
c)
Provide credentials to professionals to help demonstrate that they have reached
a minimum level of proficiency in PnL explained reporting.
Res Non Ipsa Loquitur
Profit
and/or Loss (PnL) Explained also called P&L Attribution is a type of report
commonly used by traders, especially derivatives (swaps and options) traders,
that attributes or explains the daily fluctuation in the value of a portfolio
of trades to the root causes of the changes.
PnL is usually defined as value today minus value from prior day. PnL Explained is defined at a high level as
or in more detail:
For
more, see PnL Explained FAQ and PnL Explained
Glossary
And
also see MTM
Explained and Greeks Explained
* That includes, for example a font change
from Calibri to Verdana. Sorry Calibri,
we had some good times together, but I have moved on.
This
website last updated August 2020