Risk rationalised
Robert Ceske, chief risk manager of corporate treasury at General Electric Capital, tells Arielle Weliky how the conglomerate is seeking to improve its credit risk management
It is not uncommon for a corporate treasury group to cite reducing counterparty credit risk as one of its main goals. But Connecticut-based General Electric (GE) Capital is differentiating itself from the corporate pack by adopting a dealer-type approach to mitigating this risk.
The company is now moving towards the use of two-way credit support annex agreements (CSA) – contracts in which each party in an International Swaps and Derivatives Association Master Agreement agrees to post collateral
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