4min chapter

Animal Spirits Podcast cover image

Talk Your Book: Upside and Downside Customization For Your Portfolio

Animal Spirits Podcast

CHAPTER

The Importance of Understanding Counterparty Risk

For the first time in a while, counterparty risk is something that people are thinking about. A structured note is a package of a zero coupon bond and a derivative. You will get better terms for a counterparty that has a worst investment grade than the too big to fails or I like to say now too big to saves - JP Morgan.

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