Title
Counterparty Credit Risk: The New Challenge For Global Financial Markets (The Wiley Finance Series),New
Delivery time: 8-12 business days (International)
The First Decade Of The 21St Century Has Been Disastrous For Financial Institutions, Derivatives And Risk Management. Counterparty Credit Risk Has Become The Key Element Of Financial Risk Management, Highlighted By The Bankruptcy Of The Investment Bank Lehman Brothers And Failure Of Other High Profile Institutions Such As Bear Sterns, Aig, Fannie Mae And Freddie Mac. The Sudden Realisation Of Extensive Counterparty Risks Has Severely Compromised The Health Of Global Financial Markets. Counterparty Risk Is Now A Key Problem For All Financial Institutions.This Book Explains The Emergence Of Counterparty Risk During The Recent Credit Crisis. The Quantification Of Firmwide Credit Exposure For Trading Desks And Businesses Is Discussed Alongside Risk Mitigation Methods Such As Netting And Collateral Management (Margining). Banks And Other Financial Institutions Have Been Recently Developing Their Capabilities For Pricing Counterparty Risk And These Elements Are Considered In Detail Via A Characterisation Of Credit Value Adjustment (Cva). The Implications Of An Institution Valuing Their Own Default Via Debt Value Adjustment (Dva) Are Also Considered At Length. Hedging Aspects, Together With The Associated Instruments Such As Credit Defaults Swaps (Cdss) And Contingent Cds (Ccds) Are Described In Full.A Key Feature Of The Credit Crisis Has Been The Realisation Of Wrongway Risks Illustrated By The Failure Of Monoline Insurance Companies. Wrongway Counterparty Risks Are Addressed In Detail In Relation To Interest Rate, Foreign Exchange, Commodity And, In Particular, Credit Derivative Products. Portfolio Counterparty Risk Is Covered, Together With The Regulatory Aspects As Defined By The Basel Ii Capital Requirements. The Management Of Counterparty Risk Within An Institution Is Also Discussed In Detail. Finally, The Design And Benefits Of Central Clearing, A Recent Development To Attempt To Control The Rapid Growth Of Counterparty Risk, Is Considered.This Book Is Unique In Being Practically Focused But Also Covering The More Technical Aspects. It Is An Invaluable Complete Reference Guide For Any Market Practitioner With Any Responsibility Or Interest Within The Area Of Counterparty Credit Risk.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.