CHERUBINI, UMBERTO; LUCIANO, ELISA - In: The Journal of Risk Finance 5 (2003) 1, pp. 27-39
Counterparty risk is usually defined as the risk which stems from the fact that the counterparty of a derivative contract is not solvent before or at expiration. As most of the derivative trading activity has been moving from standardized products quoted on futuresâstyle markets, towards...