@GARP2020®EXAMPARTIICreditRiskMeasurementandManagementPearsonMorecfa/frm/cpafirst-handresourcestoaddWechatlzfkxyyqbpbrMorecfa/frm/cpafirst-handresourcestoaddWechatlzfkxyyqbpbrCopyright©2019,2018,2017,2016,2015,2014,2013,2012,2011byPearsonEducation,Inc.Allrightsreserved.PearsonCustomEdition.Thiscopyrightcoversmaterialwrittenexpresslyforthisvolumebytheeditor/saswellasthecompilationitself.Itdoesnotcovertheindividualselectionshereinthatfirstappearedelsewhere.PermissiontoreprintthesehasbeenobtainedbyPearsonEducation,Inc.forthiseditiononly.Furtherreproductionbyanymeans,electronicormechanical,includingphotocopyingandrecording,orbyanyinformationstorageorretrievalsystem,mustbearrangedwiththeindividualcopyrightholdersnoted.Gratefulacknowledgmentismadetothefollowingsourcesforpermissiontoreprintmaterialcopyrightedorcontrolledbythem:"TheCreditDecision"and"TheCreditAnalyst,"byJonathanGolinandPhilippeDelhaise,reprintedfromTheBankCreditAnalysisHandbook,2ndedition(2013),bypermissionofJohnWiley&Sons,Inc."RatingsAssignmentMethodologies,"byGiacomoDeLaurentis,RenatoMaino,LucaMolteni,reprintedfromDeveloping,ValidatingandUsingInternalRatings(2010),bypermissionofJohnWiley&Sons,Inc."CreditRisksandDerivatives,"byReneM.Stulz,reprintedfromRiskManagement&Derivatives(2007),bypermissionofCengageLearning."SpreadRiskandDefaultIntensityModels,""PortfolioCreditRisk,"and"StructuredCreditRisk,"byAllanMalz,reprintedfromFinancialRiskManagement:Models,History,andInstitutions(2011),bypermissionofJohnWiley&Sons,Inc."CounterpartyRisk,""Netting,Close-outandRelatedAspects,""Collateral,""CreditExposureandFunding,""CounterpartyRiskIntermediation,""CreditandDebitValueAdjustments,""Wrong-WayRisk,"byJonGregory,reprintedfromThexVAChallenge:CounterpartyCreditRisk,Funding,Collateral,andCapital,3rdedition(2015),bypermissionofJohnWiley&Sons,Inc."TheEvolutionofStressTestingCounterpartyExposures,"byDavidLynch,reprintedfromStressTesting:Approaches,Methods,andApplications,editedbyAkhtarSiddiqueandlftekharHasan(2013),by...
