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Welcome to the PnL Explained Professionals Home Page!
a) Educate the world about PnL explained reporting (aka PnL Explain/PnL Attribution/P&L Explained/P&L Attribution/Profit and Loss Explained)
b) Provide a forum for PnL Explained Professionals to share information and help them meet their professional goals.
c) Provide credentials to professionals that help demonstrate that they have reached a minimum level of proficiency in PnL explained reporting.
Res Non Ipsa Loquitur
Read about the Eric, the award for significant achievement in PnL Explained.
Profit and/or Loss (PnL) Explained also called P&L Attribution is a type of report commonly used by traders, especially derivatives (swaps and options) traders, that attributes or explains the daily fluctuation in the value of a portfolio of trades to the root causes of the changes. PnL is usually defined as value today minus value from prior day. PnL Explained is defined at a high level as
or in more detail:
See PnL Explained FAQ and PnL Explained Glossary
This website last updated July 19, 2009