horse races
Counterparty Risk and the Subprime Fiasco
Read the full article: http://mostlystocks.blogspot.com/2007/12/counterparty-risk.h...
What an incredibly insightful article written in December 2007 by Tom Henderson. The article describes what counterparty risk is and how recently acute the problem is in today's market.
Counterparty risk: the risk that an institution does not pay out on a derivative, insurance contract, bet or trade when it is supposed to.
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