This course covers Market Gap Risk During Non-Trading Hours, which involves assessing the risk of significant price gaps arising during non-trading periods within Loan Against Shares (LAS) Credit workflows. It focuses on evaluating how overnight developments, global market events, earnings announcements, regulatory actions, geopolitical shocks, or adverse news released outside market hours can trigger sharp opening-price movements that materially weaken collateral coverage and increase exposure risk before corrective actions can be executed. 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 non-trading-hour price discontinuity risk, overnight collateral deterioration analysis, and LAS-specific market gap 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.