ehemalige Mitarbeiter
Fields of Research:
Corporate Credit Risk Management
Financial Institutions Counterparty Risk and Financial Crisis
Treasury and Credit Risk Systems
Projects:
Customer Credit Risk Management in Industrial Corporates
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1969324
Sizeable amounts of trade credit have always provided a natural interest into the optimisation of practices of this part of a corporates balance sheet. The increase in availability of financial information and online credit scoring databases as well as the proliferation of risk analytical competence brought about the potential of turning formerly process driven accounts receivables management into a professional credit organisation of standards mimicking those of financial institutions. In a interview series conducted with the respective heads of counterparty and customer credit risk management in the time period April - September 2011 of 25 large european enterprises (with a large subset being members of the German DAX) we discussed the employed practices, priorities and needs of a corporate customer credit risk management.Counterparty Credit Risk Management in Industrial Corporates
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1939905
Ever since the financial crisis of the banking system of 2008 - 2010 the paradigm that deposits or other exposures towards major banks are safe has been fundamentally questioned. This put industrial corporates, who to support their business usually need to manage significant cash holdings or incur counterparty credit risk via derivatives, in the situation to develop or extend their resources for counterparty credit risk management. This paper provides a comprehensive overview over the practical issues into the subject benefitting largely from the findings of an interview series conducted with the respective heads of counterparty and customer credit risk management in the time period April - September 2011 of 25 large European enterprises with a large subset being members of the German DAX Index.