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Credit risk management is a big deal at Corning Incorporated. With an accounts receivable portfolio in excess of $1.7 billion and a derivatives portfolio valued at more than $15 billion, the company faces significant exposures to both customers and counterparties. To ensure that it understood those risks, the Corning treasury team was performing thorough credit reviews of all the company’s sizable trading partners. These reviews were effective at identifying vulnerabilities, but they weren’t efficient.

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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