Enterprise Counterparty Risk Assessment Principles

Abstract

The purpose of this article is to describe in detail the principles of risk assessment of counterparties of enterprises and to analyze methods of minimizing risks when interacting with them. The risk assessment of counterparties is a section of the enterprise risk assessment system developed by the authors of the article on the full range of emerging risks, which provides for risk analysis using the developed tools used in assessing the effectiveness of both project and current activities of enterprises. The risk assessment system of counterparties is a detailed classification of risks of counterparties of enterprises, which includes fifteen risk subgroups, each of which is represented by a wide range of risks. Analysis of counterparty risks using the developed risk assessment system allows you to optimize interaction with problematic and potentially problematic counterparties of enterprises and, if necessary, exclude the conclusion of knowingly unprofitable contracts. The article materials can be used by enterprises when analyzing counterparties, both during the current interaction with existing counterparties, and planning the conclusion of contracts with new counterparties, as well as when developing risk assessment and management systems at enterprises. In addition, the materials of the article can be used by scientists in the course of studying the principles of conducting risk analysis of enterprises and all interested persons. In general, the application of the risk assessment system of counterparties, in particular, and the general risk assessment system and the developed tools allows to significantly optimize the risk assessment process of enterprises and significantly reduce the cost of analysis.