Counterparty Risk: In RiskSystem, Counterparty Risk concentrates on the market risk associated with positions held with risky counterparties. There are FOUR main subsections and the functionality of each is described briefly below. For a more comprehensive description please refer to the FAQ section: FAQ: Counterparty Risk
1   Counterparty Position Data
This section gives position data entry capability, which is a mirror of that found in the market risk section.
2   Counterparty Market Risk
This section gives the user a breakdown of the Counterparty market risk by Market and Non-Market counterparty, and by asset class and position. It also gives information on the risk of the counterparty in relation to account value and margin requirement
3   Counterparty Credit Risk Preferences
This section allows the user to fully parameterise the models necessary to determine an estimate of counterparty credit risk. It consists of generic preferences, asset class forecast models and counterparty default models.
4   Counterparty Credit Risk
This section gives the main Counterparty Credit statistics, Expected Exposure, Credit Value Adjustment etc, for all the Market and Non-Market counterparties.