Before revision:  Through questions and answers and  by referring to the growing body of literature on the subject  we present a unified view of valuation (and risk) that takes all such aspects into account . We argue that the full onset of CCPs will not lead to the end of valuation and risk models but rather to the use of such models to verify and check that CCPs margin pricing is fair and adequate for the risks being covered. The dialogue is in the form of a Q A between a senior expert and a recently hired colleague .
After revision:  Through questions and answers and by referring to the growing body of literature on the subject we present a unified view of valuation (and risk) that takes all such aspects into account A between a senior expert and a recently hired colleague .