Value at risk methods
American banks started to use it. There is mentioned that the creation of this method is reaction on following problem: “At the end of each business day we should know what risks do we face at all types of trade we execute and at all places we do a business”.2 This was the background for origin of famous “message at 4.15”, i.e. at time of closing of business day, which presented all market risks by single overall number.3
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