An Introduction to Credit Risk Management
Delft University of Technology (TU Delft)
  • Start Date: 15 Sep, 2016
  • Self-Paced
  • Study Content: Videos


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Course Fee: Free
Certificate Cost: 50.00 USD

Introduction

Introduction Video

Course Description

This course is made available through the eLearnAfrica and Edx partnership.

Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.


According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.


This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well.


At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.


Thanks to the wonderful feedback of last year’s students, the course has been further improved.
Follow us on Twitter @CRMooc for updates and hints about the course.


FAQs


What is the estimated effort for course?
The total effort is 48 hours. You can decide for yourself when you will work on the course.


How much does it cost to take the course?


Nothing! The course is free.


Will the text of the lectures be available?


Yes. All of our lectures will have transcripts synced to the videos.


Do I need to watch the lectures live?


No. You can watch the lectures at your leisure.


Is this course related to campus courses of Delft University of Technology?


Yes, this course can be seen as an evolution of the WI3421TU Risk Management course, a compulsory course of the Minor Finance at TU Delft.

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Delft University of Technology (TU Delft)

Delft University of Technology is the largest and oldest technological university in the Netherlands. Our research is inspired by the desire to increase fundamental understanding, as well as by societal challenges. We encourage our students to be independent thinkers so they will become engineers capable of solving complex problems. Our students have chosen Delft University of Technology because of our reputation for quality education and research.

This institution is available on eLearnAfrica through partnership with Edx.

You may be able to download course materials after enrolling in this course. If not, all of the necessary course materials provided by the course instructor will be available on the provider's course page.
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Effective Date: September 22, 2016