Management of the counterparty risk of an industrial enterprise

The modern industrial enterprise has extremely complicated economic relationships with its counterparties. The insecure and dynamic relationships and interrelations, on the one hand, and the multifaceted company mission and goals, on the other hand, undoubtedly generate the manifestation of the counterparty risk. This is a risk that can significantly influence the state and performance of an industrial structure, its competitiveness and market efficiency. The ability of the enterprise to develop and apply an adequate and reliable method of counterparty risk management becomes a vital factor for its normal functioning and future development. The purpose of this article is to pinpoint some of the specific peculiarities of the counterparty risk and to justify the opportunities of its management, which can then lead to limiting and reducing the unfavourable consequences and risk exposure of the industrial enterprise.