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Infrequent MtM reduces neither value-at-risk nor backtesting exceptions

Frequency of repricing impacts volatility and correlation measures

City ofUnited kingdomEduardo epperleinJean herskovitsXaver sailerKenichi kurasawaLuca gerolla at imperial college londonImperial college londonInternational settlementsFundamental reviewBasel fundamental reviewTrading bookJohn sleathLuca gerolla

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