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PASQUALE: Hi there.
I'm Pasquale, and I'm Assistant Professor
of Applied Probability at TU Delft.
I would like to welcome you to this introductory course
to Credit Risk Management.
Welcome on board.
What are credit ratings?
How can we quantify the probability of default of a company?
What is revenue at risk?
Is it OK to lend those $10 to your best friend?
My goal is to teach you what credit risk is, how we can assess it,
and how we can hedge it.
That is to say, what are the measures that we
can take in order to neutralize credit risk?
At the end of this MOOC you will know many new concepts of credit risk
management, but most of all you will know how these concept can
be used in practice because practice is a fundamental part of our course.
In fact, we will have interviews with practitioners,
people working in the industry, in international companies, and banks.
They will tell us how they actually manage credit risk.
In those occasions, I will always wear a tie.
But we will also see how credit risk affects our everyday life.
We will have a forum in which we will discuss and comment
on financial and economic news.
So I hope you will join me in this adventure.
Welcome to TU Delft.