The results of applying this approach are illustrated in Exhibit 12, which tabulates the potential profit and loss profile from a single traded credit exposure, originally rated triple-B, which can be liquidated prior to one year.
In order to tabulate these loss distributions, most industry professionals split the challenge of credit risk measurement into two questions: First, what is the joint probability of a credit event occurring?
Below, we demonstrate how to tabulate the loss distributions for the simplest case (for example, constant exposures, nondiscounted losses) and then build upon the simplest case to handle more complex cases (for example, nonconstant exposures, discounted losses, liquid positions, and retail portfolios).
Determine loss distributions: We now tabulate the (nondiscounted) loss distribution for portfolios that are constant over their life, cannot be liquidated, and have known recovery rates, including both diversified and nondiversified positions.
The calculations above illustrate how to tabulate the (nondiscounted) loss distributions for nonliquid portfolios with constant exposures.
All studied tabulates were collected from shallow shelf facies and we believe that all our C.
Thus, in the Silurian favositid corals could have had the highest number of Chaetosalpinx-tolerant species as compared to the rest of tabulates. However, among the Chaetosalpinx-tolerant corals no preference of favositids over heliolitids is observed as both the highest and lowest infestation rates characterize favositids (Table 3).
The earliest endosymbiotic worm fossils are known from Late Ordovician rugose (Elias 1986) and tabulate corals (Tapanila 2004) and are preserved as bioclaustrations.
Palaeozoic bioclaustrations are hitherto unknown in cateniform, fasciculate, and auloporoid tabulate corals (Tapanila 2005).