This course covers Gap Risk in Volatile Markets, which involves assessing the risk arising from rapid price gaps and discontinuous market movements in pledged securities within Loan Against Shares (LAS) Credit workflows. It focuses on evaluating how sudden overnight declines, market-opening shocks, trading suspensions, or extreme volatility events can create sharp reductions in collateral value that bypass normal margin maintenance controls and increase unsecured exposure risk. The course evaluates key dimensions such as liquidity stress assessment, volatility scenario analysis, listed securities exposure management, and margin maintenance oversight, with each requiring independent validation and documented rationale before any credit action is finalized. It is distinct from broader portfolio diversification strategies, as it focuses on market gap-driven exposure deterioration, abrupt collateral value disruption analysis, and LAS-specific stress risk governance frameworks, rather than enterprise-wide diversification or strategic portfolio allocation approaches. Within LAS Stress Testing & Scenario Risk, the credit manager validates team-level analysis, approves case recommendations, and manages segment-level exposure within Loan Against Shares (LAS) Credit, shaping escalation scope and credit committee priorities.