@@ -3760,8 +3760,8 @@ \subsection{XVA Stress Testing}% Example 67
37603760%--------------------------------------------------------------------
37613761
37623762The example in folder {\\tt Examples/Example\_67} demonstrates the XVA stresstesting with the classical and AMC XVA engine.
3763- The new analytic type \\emph{XVA_STRESS} leverages the existing stresstest framework and supports stresstests in zero and par domain.
3764- The Stresstest scenarios are given in the same format as for the regular stresstest.
3763+ The new analytic type \\emph{XVA_STRESS} utilizes the existing stresstest framework and supports stresstests in both zero and par domain.
3764+ The Stresstest scenarios are given in the same input format as for the regular stresstest.
37653765
37663766To analyse the impact of market rate shifts (Swap rates, CDS spreads, flat vols), one had to
37673767manipulate the market data input into ORE and re-run the entire ORE process multiple times.
@@ -3774,11 +3774,11 @@ \subsection{XVA Bump \& Revalue Sensitivities}% Example 68
37743774%--------------------------------------------------------------------
37753775
37763776The example in folder {\\tt Examples/Example\_68} demonstrates the XVA sensitivity analysis with the AMC XVA engine.
3777- The new analytic type \\emph{XVA_SENSITIVITY} applies zero shifts as defined in the sensitivity.xml in the usual input format to the market data and
3778- computes the xva and exposure measures under each market rate shift .
3777+ The new analytic type \\emph{XVA_SENSITIVITY} applies zero shifts as specified in the sensitivity.xml and
3778+ computes the xva and exposure measures under each shifted market condition .
37793779
3780- The aggregation of the results to sensitivites need to handled outside of ORE for now .
3781- Those external computed sensitivites could be converted to par-sensi with the
3780+ The aggregation of the results to sensitivites need to handled outside of ORE.
3781+ These external computed sensitivites can be converted to par sensitivities with the
37823782zero-to-par conversion analytic (see \ref{example:50}).
37833783
37843784%--------------------------------------------------------------------
@@ -3788,7 +3788,7 @@ \subsection{Zero Rate Shifts To Par Shifts}% Example 69
37883788
37893789The example in folder {\\tt Examples/Example\_69} demonstrates the conversion of zero shifts to par rate shifts.
37903790ORE applies the zero rate shifts to the zero curves and computes the resulting shifts in the implied fair rate of a given set of par instruments.
3791- The zero rate shifts are given as stresstest and the par instruments are defined in the usual sensitivity configuration.
3791+ The zero rate shifts are defined as stresstests and the par instruments are defined in the usual sensitivity configuration.
37923792
37933793\clearpage
37943794%========================================================
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