English to Russian Bus/Financial Accounting

However, Pugachevsky notes that calculating and hedging DVA isn't straightforward. While there are well-established ways of hedging CVA - by buying protection on the counterparty in question - to achieve the same result for DVA, a bank would have to sell protection on itself, which is impossible.

Alternatively, DVA hedging could be done by getting own-credit spread exposure through the CDS market. In theory, the perfect hedge would be for a bank to sell protection on itself, but there are obvious problems with that approach. Instead, banks could use correlation trades, selling protection on other banks’ CDSs, or indexes of financial names

The credit contingency that Party A enters into with Party C is actually
one way for Party A to sell credit protection on itself fully collateralized
by its trade with Party C. It is interesting to point out that Party A
may not be able to sell such protection to any other parties, as its trade
with Party C may not be accepted as collateral by other parties.