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Introduction - New frontiers in credit

Rising energy prices have thrown the issue of credit into stark relief, and credit lines are being used up increasingly quickly. How should credit managers react?

Six years after the Enron debacle, credit risk is still an evolving issue in the energy markets. Many of the credit risk policies developed over the past few years were put to the test by last autumn's soaring energy prices. And with so many banks and hedge funds entering the market, credit professionals must get to grips with a whole new set of potential counterparties.

The good news is that

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