Before revision:  Here we extend the semi-replication approach in ( Burgard and Kjaer  2013) to include partial risk warehousing and tax consequences. In doing so we introduce double-semi-replication, i.e. partial hedging of value jump on counterparty default, and TVA : Tax Valuation Adjustment .
After revision:  Here we extend the semi-replication approach in ( Burgard and Kjaer 2013) to include partial risk warehousing and tax , formalized as double-semi-replication and TVA ( Tax Valuation Adjustment .