विधियों की तुलना करें

	क्रेडिट मूल्यांकन समायोजन	मर्टन डिफॉल्ट मॉडल
क्षेत्र	मात्रात्मक वित्त	मात्रात्मक वित्त
परिवार	Regression model	Regression model
उद्भव वर्ष	2000s	1974
प्रवर्तक	Jon Gregory	Robert C. Merton
प्रकार	Valuation Framework	Credit Risk Model
मौलिक स्रोत	Gregory, J. (2009). Counterparty Credit Risk: The New Challenge for Global Financial Markets. John Wiley & Sons.	Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. Journal of Finance, 29(2), 449-470.
उपनाम	CVA, Counterparty Risk Adjustment	Structural Credit Model, Asset-to-Equity Model
संबंधित	3	3
सारांश	Credit Valuation Adjustment (CVA) is the market price of counterparty credit risk embedded in over-the-counter (OTC) derivatives. CVA measures the loss from counterparty default, accounting for both the probability of default and the exposure at that time. It has become a key component of derivative valuation and risk management since the 2008 financial crisis.	The Merton model (1974) is a structural approach to credit risk in which a firm defaults when its asset value falls below liabilities at maturity. Equity is viewed as a call option on firm value, and debt is an implicit short put position. The model links company fundamentals (asset volatility) to default probability and is foundational for modern credit risk measurement.