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Energy markets are dramatically different from financial markets.

In a credit contingent contract, payment is dependent on the occurrence of a certain credit event.

The binomial weave is a new technique for modeling the term structure of interest rates.

The Securities (Disclosure of Interests) Ordinance currently requires disclosure of 'interests' in shares in Hong Kong-listed companies by directors of the relevant company and by any other person with an interest representing 10% or more of any class of the company's issued share capital.

One of the most mystifying features of modern option pricing is the irrelevance of the expected return of the underlying stock.

Last week we looked at alternative measures for risk measurement.

This article will provide an introduction to target-oriented risk measures in portfolio construction and optimization.

In a typical asset-backed note issue, a pool of collateral is purchased by a special purpose company through the issuance of notes.

The 1990s have provided a wealth of lessons for risk managers.

Why is it when a hedge fund shorts stock its risk-adjusted performance includes its shorting activity, but when a pension fund lends a security its risk-adjusted performance typically does not include its securities lending activity?

"Worst of" default swaps are default swaps on a basket of issuers in which only the first default is covered.

In recent years, value-at-risk has been considered one of the best measures of risk by banks and other financial institutions.