This course explains Cross-Collateral Correlation Risk and how lenders assess correlation between pledged securities that could amplify losses during market stress in Loan Against Shares (LAS) portfolios. It covers the sources of correlation risk, key early warning indicators, severity classification criteria, and escalation mechanisms used to manage the risk. The course also highlights how correlation risk monitoring supports ongoing portfolio surveillance and informs corrective actions such as watch-list placement, collateral adjustment, or credit committee escalation.