Mar 27, 2013

Risk Management: Credit Risk

**Important and Hard Material**
Main focus on the calculation of credit exposures.


  • Forward Contracts
  • Swaps
  • Options
-------------------------------------------------------------------------
Forward Contracts:
-Using (interest rate parity) IRP to calculate the implied forward price

F = S (1+ df)^t / (1+ ff)^t

where 
dt = domestic risk free rate
ff = foreign risk free rate
t = # of days / 360

-Then compare with the forward rate provided. 

-------------------------------------------------------------------------





2 comments: