How risk transfer works in practice — what the instruments do, where they join, and what remains behind.
Written for project sponsors, and for the intermediaries, professional advisers, contractors, suppliers and purchasers around them, who need to know what an instrument actually does before relying on it.
A new article each week.
Insurance, derivatives and guarantees do different things to a risk. Which instrument moves which exposure, and what stays behind.
Read the articleVolatile revenue is the most common reason capital is expensive. How floors, collars and minimum price arrangements convert an uncertain top line into a financeable one.
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