## 2018 [Derivatives and business models- Turlakov](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/988/MVA%2Band%2Bbusiness%2Bmodels%2B-%2BTurlakov.pdf)

- is the future of XVA to be profit-taking function or backwaters?

Central counterparties should lead to the standartization of the derivatives, and therefore a minor or non-existent role of XVA. But the corporates do not want to become daily liquidity management companies of their margins for the derivatives. Yet corporates have to manage their cashflows daily?

[XVA state in 2018](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2070/XVA%2Bstate.PNG)

## 2018 [Making the Most of XVA - Practitioner Perspectives](http://iacpm.org/wp-content/uploads/2018/06/IACPM-Fintegral-Making-the-Most-of-XVA-2018-White-Paper.pdf)