{"product_id":"the-handbook-of-credit-risk-management-9781119835639","title":"The Handbook of Credit Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003eAbout the Companion Website xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Origination\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Fundamentals of Credit Risk 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Credit Risk? 3\u003c\/p\u003e \u003cp\u003eTypes of Transactions That Create Credit Risk 5\u003c\/p\u003e \u003cp\u003eWho Is Exposed to Credit Risk? 9\u003c\/p\u003e \u003cp\u003eWhy Manage Credit Risk? 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Governance 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGuidelines 22\u003c\/p\u003e \u003cp\u003eSkills 25\u003c\/p\u003e \u003cp\u003eSetting Limits 30\u003c\/p\u003e \u003cp\u003eOversight 30\u003c\/p\u003e \u003cp\u003eFinal Words 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Checklist for Origination 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDoes the Transaction Fit into My Strategy? 36\u003c\/p\u003e \u003cp\u003eDoes the Risk Fit into My Existing Portfolio? 37\u003c\/p\u003e \u003cp\u003eDo I Understand the Credit Risk? 38\u003c\/p\u003e \u003cp\u003eDoes the Seller Keep an Interest in the Deal? 39\u003c\/p\u003e \u003cp\u003eAre the Proper Mitigants in Place? 40\u003c\/p\u003e \u003cp\u003eIs the Legal Documentation Satisfactory? 41\u003c\/p\u003e \u003cp\u003eIs the Deal Priced Adequately? 41\u003c\/p\u003e \u003cp\u003eDo I Have the Skills to Monitor the Exposure? 42\u003c\/p\u003e \u003cp\u003eIs There an Exit Strategy? 43\u003c\/p\u003e \u003cp\u003eFinal Words 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Credit Assessment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Measurement of Credit Risk 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExposure 47\u003c\/p\u003e \u003cp\u003eProbability of Default 52\u003c\/p\u003e \u003cp\u003eThe Recovery Rate 62\u003c\/p\u003e \u003cp\u003eThe Tenor 63\u003c\/p\u003e \u003cp\u003eDirect versus Contingent Exposure 64\u003c\/p\u003e \u003cp\u003eThe Expected Loss 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Dynamic Credit Exposure 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong-Term Supply Agreements 68\u003c\/p\u003e \u003cp\u003eDerivative Products 70\u003c\/p\u003e \u003cp\u003eThe Economic Value of a Contract 73\u003c\/p\u003e \u003cp\u003eMark-to-Market Valuation 75\u003c\/p\u003e \u003cp\u003eValue at Risk (VaR) 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Fundamental Credit Analysis 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Basics 83\u003c\/p\u003e \u003cp\u003eA Typical Credit Report 91\u003c\/p\u003e \u003cp\u003eAgency Conflict, Incentives, and Merton’s View of Default Risk 100\u003c\/p\u003e \u003cp\u003eFinal Words 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Alternative Estimations of Credit Quality 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Evolution of an Indicator: Moody’s Analytics EDF™ 108\u003c\/p\u003e \u003cp\u003eCredit Default Swap Prices 114\u003c\/p\u003e \u003cp\u003eBond Prices 120\u003c\/p\u003e \u003cp\u003eFinal Words 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Consumer Finance 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Consumer Finance? 126\u003c\/p\u003e \u003cp\u003eSegmentation of Consumer Finance Products 127\u003c\/p\u003e \u003cp\u003eMajor Families of Consumer Finance Products 129\u003c\/p\u003e \u003cp\u003eAssessment of Credit Quality 136\u003c\/p\u003e \u003cp\u003eDecisions by Lenders 139\u003c\/p\u003e \u003cp\u003eRegulatory Environment 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 State and Local Government Credit 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eState and Local Governments 145\u003c\/p\u003e \u003cp\u003eExposure Types 146\u003c\/p\u003e \u003cp\u003eAssessing Credit Risk 152\u003c\/p\u003e \u003cp\u003eManaging Credit Risk 156\u003c\/p\u003e \u003cp\u003eFinal Words 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Sovereign Credit Risk 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSovereign Borrowers 161\u003c\/p\u003e \u003cp\u003eTypes of Sovereign Bonds 162\u003c\/p\u003e \u003cp\u003eSovereign Debt Market 163\u003c\/p\u003e \u003cp\u003eCredit Analysis 163\u003c\/p\u003e \u003cp\u003eMitigation 166\u003c\/p\u003e \u003cp\u003eDefault and Recovery 167\u003c\/p\u003e \u003cp\u003eFinal Words 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Securitization 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Securitization Overview 171\u003c\/p\u003e \u003cp\u003eThe Collateral 174\u003c\/p\u003e \u003cp\u003eThe Issuer 178\u003c\/p\u003e \u003cp\u003eThe Securities 179\u003c\/p\u003e \u003cp\u003eMain Families of ABSs 182\u003c\/p\u003e \u003cp\u003eSecuritization for Risk Transfer 186\u003c\/p\u003e \u003cp\u003eCredit Risk Assessment of ABS 189\u003c\/p\u003e \u003cp\u003eWarehousing Risk 191\u003c\/p\u003e \u003cp\u003eFinal Words 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Collateral Loan Obligations (CLOs) 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of the Corporate Loan Market 194\u003c\/p\u003e \u003cp\u003eWhat Are CLOs? 194\u003c\/p\u003e \u003cp\u003eArbitrage CLOs 196\u003c\/p\u003e \u003cp\u003eBalance Sheet CLOs 200\u003c\/p\u003e \u003cp\u003eABS CDOs 205\u003c\/p\u003e \u003cp\u003eCredit Analysis of CLOs 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Portfolio Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Credit Portfolio Management 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLevel 1 215\u003c\/p\u003e \u003cp\u003eLevel 2 219\u003c\/p\u003e \u003cp\u003eLevel 3 224\u003c\/p\u003e \u003cp\u003eOrganizational Setup and Staffing 226\u003c\/p\u003e \u003cp\u003eThe IACPM 227\u003c\/p\u003e \u003cp\u003eFinal Words 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Economic Capital and Credit Value at Risk (CVaR) 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital: Economic, Regulatory, Shareholder 230\u003c\/p\u003e \u003cp\u003eDefining Losses: Default versus Mark-to-Market (MTM) 232\u003c\/p\u003e \u003cp\u003eCredit Value at Risk or CVaR 235\u003c\/p\u003e \u003cp\u003eCreating the Loss Distribution 242\u003c\/p\u003e \u003cp\u003eActive Portfolio Management and CVaR 249\u003c\/p\u003e \u003cp\u003ePricing 251\u003c\/p\u003e \u003cp\u003eFinal Words 252\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Regulation 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDoing Business with a Regulated Entity 256\u003c\/p\u003e \u003cp\u003eDoing Business as a Regulated Entity 262\u003c\/p\u003e \u003cp\u003eHow Regulation Matters: Key Regulation Directives 263\u003c\/p\u003e \u003cp\u003eFinal Words 271\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Accounting Implications of Credit Risk 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLoan Impairment 274\u003c\/p\u003e \u003cp\u003eLoan-Loss Accounting 275\u003c\/p\u003e \u003cp\u003eRegulatory Requirements for Loan-Loss Reserves 277\u003c\/p\u003e \u003cp\u003eImpairment of Debt Securities 278\u003c\/p\u003e \u003cp\u003eDerecognition of Assets 279\u003c\/p\u003e \u003cp\u003eConsolidation of Variable Interest Entities (VIEs) 280\u003c\/p\u003e \u003cp\u003eAccounting for Netting 281\u003c\/p\u003e \u003cp\u003eHedge Accounting 282\u003c\/p\u003e \u003cp\u003eCredit Valuation Adjustments, Debit Valuation Adjustments, and Own Credit Risk Adjustment 284\u003c\/p\u003e \u003cp\u003eIFRS 7 285\u003c\/p\u003e \u003cp\u003eFinal Words 285\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Mitigation and Transfer\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Mitigating Derivative Counterparty Credit Risk 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasurement of Counterparty Credit Risk 289\u003c\/p\u003e \u003cp\u003eMitigation of Counterparty Credit Risk through Collateralization 290\u003c\/p\u003e \u003cp\u003eLegal Documentation 298\u003c\/p\u003e \u003cp\u003eDealers versus End Users 299\u003c\/p\u003e \u003cp\u003eBilateral Transactions versus Central Counterparty Clearing 299\u003c\/p\u003e \u003cp\u003ePrime Brokers 303\u003c\/p\u003e \u003cp\u003eRepurchase Agreements 304\u003c\/p\u003e \u003cp\u003eFinal Words 306\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Structural Mitigation 307\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTransactions with Corporates 308\u003c\/p\u003e \u003cp\u003eTransactions with Special Purpose Vehicles 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Credit Insurance, Surety Bonds, and Letters of Credit 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit Insurance 326\u003c\/p\u003e \u003cp\u003eSurety Bonds 332\u003c\/p\u003e \u003cp\u003eLetters of Credit or LoCs 335\u003c\/p\u003e \u003cp\u003eThe Providers’ Point of View 339\u003c\/p\u003e \u003cp\u003eFinal Words 342\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Credit Derivatives 345\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Product 345\u003c\/p\u003e \u003cp\u003eThe Settlement Process 349\u003c\/p\u003e \u003cp\u003eValuation and Accounting Treatment 354\u003c\/p\u003e \u003cp\u003eUses of CDSs 356\u003c\/p\u003e \u003cp\u003eCredit Default Swaps for Credit and Price Discovery 360\u003c\/p\u003e \u003cp\u003eCredit Default Swaps and Insurance 360\u003c\/p\u003e \u003cp\u003eIndexes, Loan CDSs, MCDSs, and ABS CDSs 361\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Bankruptcy 363\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Bankruptcy? 364\u003c\/p\u003e \u003cp\u003ePatterns of Bankrupt Companies 365\u003c\/p\u003e \u003cp\u003eSignaling Actions 368\u003c\/p\u003e \u003cp\u003eExamples of Bankruptcies 369\u003c\/p\u003e \u003cp\u003eFinal Words 372\u003c\/p\u003e \u003cp\u003eAbout the Authors 373\u003c\/p\u003e \u003cp\u003eIndex 375\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407166710103,"sku":"9781119835639","price":45.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119835639.jpg?v=1730498406","url":"https:\/\/bookcurl.com\/products\/the-handbook-of-credit-risk-management-9781119835639","provider":"Book Curl","version":"1.0","type":"link"}