Hunzinger, Chadd B.; Labuschagne, Coenraad C. A. - In: Journal of Risk and Financial Management 8 (2015) 1, pp. 17-42
The 2008 credit crisis changed the manner in which derivative trades are conducted. One of these changes is the posting of collateral in a trade to mitigate the counterparty credit risk. Another is the realization that banks are not risk-free and, as a result, cannot borrow at the risk-free rate...