## COURSE

## Foundations of Credit Risk Modelling

This learning series introduces the reader to the key components of credit loss distribution. These components are credit loss, the default probability and recovery rate.

- Default risk can be defined as the risk that the counterparty to a transaction does not honour its o...
- In order to understand default risk, we will analyze the its key components: Default arrival, exposu...
- While the terms expected loss and unexpected loss are commonly used in risk management, it is import...
- The recovery rates are a crucial element for calculating credit risk. The loss given default of an a...
- It is practically impossible to accurately predict the recovery rates. There are various factors tha...
- Most of the people use the beta distribution to model recovery rates. In probability theory and stat...

## Lessons

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