Risk Management of Correlation Products
指出银行和交易商在交易奇异产品时，传统风险管理工具无法有效识别非传统、不可分离的风险，而按交易单元分割再汇总的方法会掩盖风险。
Trading units within the banking and dealer community that trade exotic instruments are well aware of the hazards of using traditional tools in analysing the risks resulting from positions taken in their specialised markets. The global risk management systems within these organisations have been slower to recognise the new risk profiles created by more recently traded exotic instruments. For traditional risks that are separable , the evaluation of risk at the individual trading units and the subsequent aggregation of risk across trading units captures the risks inherent in the portfolio. However, with non‐traditional, non‐separable risks, this division (by trading unit) and subsequent aggregation (by risk managers) of risks may obscure an increasing amount of risk found in the firm's trading operation.