We just have published white paper about close-out netting in Credit Counterparty Risk.
The paper presents brief summary of netting principles and effects in Counterparty Credit Risk. We discuss advantages, types of netting and main concepts for institutions with derivative portfolios.

From the practical point of view, we first implement concept of netting with simple examples and then show netting effects for simulated portfolios of derivative transactions. In addition to collateral and margining, netting is one of main methods of CCR mitigation.

The full text of white paper is available at our Research Papers page. You can also download it by the link below: