Risk Management - Credit & Counterparty Risk for Funds

Financial service professionals who want to acquire a comprehensive understanding of credit and counterparty risk, and their applications within investment fund risk management.

Credit risk is an essential component of investment fund's risk toolkit, as it delves into the interconnected system of counterparties, trust and incentives underpinning the fabric of the financial system.
This course provides the fundamental knowledge on credit and counterparty risk management, the processes and methodologies applied within the risk management framework of investment funds.

• Understand the different types of credit/counterparty risk in the fund industry
• Learn different methods for measuring credit/counterparty risk in the fund industry
• Understand both internal and external credit ratings
• Analyze the counterparty risk for derivatives, particularly over-the-counter derivatives
• Learn how to manage collateral risk

• Introduction
• Credit Risk Measurement
  • Key Variables
  • Credit Portfolio Models
• Credit Ratings
  • Rating Agencies
  • Internal Ratings
• Credit Risk for Financial Instruments
  • Debt Instruments
    • Default Risk
    • Spread Risk
    • Migration Risk
    • Settlement Risk
  • Derivatives
    • Counterparty Risk
• Managing Collateral Risk
• Future Trends in Credit Risk Management