Credit derivative contracts offer a new route for managing counterparty exposures. This article discusses two formats of these contracts. The contracts have potential for providing portfolio managers with a cost effective, just-in-time source of liquidity.Credit ; Derivative securities ; Contracts ; Risk

James T. Moser

English

Research Papers in Economics

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http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1998/ep4Q98_1.pdf

Credit derivatives: just-in-time provisioning for loan losses

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