Morgan Stanley 2014 Annual Report Download - page 137
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Total Trading—Including the Primary Risk Categories and the Credit Portfolio.
As shown in Table 1, the Company’s average 95%/one-day Total Management VaR, which includes the Primary
Risk Categories and the Credit Portfolio, for 2014 was $47 million. The histogram below presents the
distribution of the Company’s daily 95%/one-day Total Management VaR for 2014, which was in a range
between $40 million and $55 million for approximately 91% of trading days during the year.
0
17
67
132
37
60
<35
35 to 40
40 to 45
45 to 50
50 to 55
55 to 60
>60
Number of Days
Year Ended December 31, 2014
Daily 95% / One-day Total Management VaR
(dollars in millions)
133