@article{whendefaultscannotbehedgedanactuarial,
  title = {When defaults cannot be hedged: an actuarial approach to xVA calculations via local risk-minimization},
  author = {Francesca Biagini and Alessandro Gnoatto and Katharina Oberpriller},
  year = {2025},
  eprint = {2502.12774},
  archivePrefix = {arXiv},
  url = {https://arxiv.org/abs/2502.12774v2},
}