(Difference between pages)
imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| 1.
| | The purchasing, normally with recourse to the seller, of accounts receivable as a mechanism for providing short-term finance on a continuing basis. |
| | |
| The risk that a counterparty will not settle an obligation for full value, either when due or at any time thereafter. | |
| | |
| In exchange-for-value settlement systems, the risk is generally defined to include both replacement cost risk and principal risk.
| |
| | |
| | |
| 2.
| |
| | |
| A weighted measure reflecting both the maximum possible amount of the credit loss (also known as the credit exposure), and the likelihood of such loss.
| |
|
| |
|
|
| |
|
| == See also == | | == See also == |
| * [[Banker's payment]] | | * [[Factoring]] |
| * [[Counterparty risk]] | | * [[Vendor finance]] |
| * [[Covenant]]
| |
| * [[Credit default swap]]
| |
| * [[Credit derivative]]
| |
| * [[Credit exposure]]
| |
| * [[Credit risk diversification]]
| |
| * [[Capital risk]]
| |
| * [[Event risk]]
| |
| * [[Exchange-for-value system]]
| |
| * [[MCT]]
| |
| * [[Pre-settlement risk]]
| |
| * [[Price risk]]
| |
| * [[Prime bank]]
| |
| * [[Principal risk]]
| |
| * [[Replacement cost risk]]
| |
| * [[Risk mitigation]]
| |
| * [[Sovereign risk]]
| |
| * [[Putting a limit on losses]]
| |
| | |
| | |
| ===Other links===
| |
| [http://www.treasurers.org/node/4351 Credit risk, Will Spinney, ACT 2008]
| |
| | |
| [[Category:Manage_risks]]
| |
Revision as of 21:47, 18 June 2016
The purchasing, normally with recourse to the seller, of accounts receivable as a mechanism for providing short-term finance on a continuing basis.
See also
