Introduction to Counterparty Credit Risk

The following sections are included:Credit Charge, Credit Benefit, and Credit PremiumCredit Cost, Accrued Funding Cost, and Accrued Funding BenefitTrading Strategies and OpportunitiesComparison with Bond Credit RiskPrevailing Strategies for Counterparty Credit Risk ManagementWrong-way and Right-way Exposures or TradesIntroduction to Modeling and Pricing of Counterparty Credit Risk