Merton distance-to-default and Retail payments: Difference between pages

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''Credit risk''.
This term describes all payments which are not covered by the definition of large-value payments. Retail payments are mainly consumer payments of relatively low value and low urgency.
 
The Merton distance-to-default measure is a credit risk metric, derived from option pricing theory.
 


== See also ==
== See also ==
* [[Black Scholes option pricing model]]
* [[Large-value payments]]
* [[Credit risk]]
* [[KMV]]


[[Category:Identify_and_assess_risks]]

Revision as of 14:20, 23 October 2012

This term describes all payments which are not covered by the definition of large-value payments. Retail payments are mainly consumer payments of relatively low value and low urgency.

See also