Learning objective: Define and calculate incremental CVA and marginal CVA and explain how to convert CVA into a running spread. Explain the impact of incorporating collateralization into the CVA calculation. Describe debt value adjustment (DVA) and bilateral CVA (BCVA). Calculate BCVA and BCVA...
Can someone please help clarify the difference between Marginal CVA and Incremental CVA? I'm still a little confused about the difference between the two after reading the definitions a few times over.