The trading book holds instruments held for short-term resale, for profiting from short-term price movements, for locking in arbitrage profits, or for hedging such positions, fair valued daily through P&L; everything else is in the banking book, whose market risk (mainly interest rates) is managed as in chapter 24.
Quantitative Finance · Glossário
O que é Trading book, banking book?
Também chamado de: trading book · banking book