Credit Risk Valuation
Edition: 2nd ed. 2001. Corr. 2nd printing edition
Publisher: Springer
Published: September 18, 2002
Language: eng
Format: Hardcover
Number of pages: 500
ISBN-13: 9783540678052
Subjects: Banking; Credit & credit institutions; Management decision making; Securities; Economics - General; Mathematical Models In Economics; Business & Economics; Business / Economics / Finance; Risk management; Business/Economics; Investments & Securities - General; Accounting - General; Bewertung; Business & Economics / Finance; Counterparty Risk; Credit Risk; Derivative; Derivatives; Insolvenzrisiko; Kreditrisiko; Credit; Credit ratings; Management
First sentence: Credit risk can be defined as the possibility that a contractual counterparty does not meet its obligations stated in the contract, thereby causing the creditor a financial loss.