Direct credit risk

Correlation risk

Instrument

Market liquidity risk

Transaction risk

Currency convertibility

Credit equivalent

Equity risk

Major transaction

Prudential

Execution error

Shift in credit rating

exposure

Equity price risk

Economic sector

liquidity risk

Product complexity

Reputation risk

Settlement risk

Equity price volatility risk

Booking error

Taxation risk

Equity basis risk

Settlement error

Legal risk

Dividend risk

Commodity delivery risk

Disaster risk

Interest rate risk

Documentation/contract risk

Natural disasters

Directional interest rate risk

Operational control risk

War

Yield curve risk

Exceeding limits

Collapse/suspension

Interest rate volatility

Rogue trading

of markets

Interest rate basis/

Fraud

Regulatory risk

spread risk

Money laundering

Breaching capital

Prepayment risk

Security risk

requirements

Currency risk

Key personnel risk

Regulatory changes

FX rate

Processing risk

FX volatility

Systems risk

Profit transition risk

Programming error

Commodity risk

Model/methodology error

Commodity price risk

Mark-to-market (MTM) error

Forward price risk

Management information

Commodity price

IT systems failure

volatility risk

Telecommunications failure

Commodity basis/

Contingency planning

spread risk