Default - Revision history

Doug: Add link.

2024-04-25T08:47:42Z

Add link.

← Older revision		Revision as of 08:47, 25 April 2024
Line 80:		Line 80:
	* [[Regime]]		* [[Regime]]
	* [[Risk]]		* [[Risk]]
			* [[Russian default crisis]]
	* [[Speculation]]		* [[Speculation]]
	* [[Variation margin]]		* [[Variation margin]]

Doug: Correct typo "in full".

2024-01-27T19:58:35Z

Correct typo "in full".

← Older revision		Revision as of 19:58, 27 January 2024
Line 1:		Line 1:
	1. ''Borrowing and lending.''		1. ''Borrowing and lending.''

	Failure by a borrower to pay an instalment of interest in principal in full and on time.		Failure by a borrower to pay an instalment of interest or principal in full and on time.

Doug: Add definition. Source: Linked pages

2024-01-27T19:44:37Z

Add definition. Source: Linked pages

← Older revision		Revision as of 19:44, 27 January 2024
Line 1:		Line 1:
	1. ''~~Contract~~.''		1. ''Borrowing and lending.''

	Failure to honour the terms of an agreement.		Failure by a borrower to pay an instalment of interest in principal in full and on time.


			2. ''Contract.''

			More broadly, failure to honour the terms of any agreement.

	For example, failure to honour the terms of a loan agreement, or an obligation under a futures contract.		For example, failure to honour the terms of a loan agreement, or an obligation under a futures contract.


	2. ''Borrowing and lending - documentation.''		3. ''Borrowing and lending - documentation.''

	In borrowing and lending, default clauses are the part of the documentation that protect the investor (lender).		In borrowing and lending, default clauses are the part of the documentation that protect the investor (lender).

	Accordingly default clauses are incorporated into loan agreements and bond indentures.		Accordingly broadly defined default clauses are incorporated into loan agreements and bond indentures.


	Examples of default by a borrower include failure to pay interest or principal on time, and breaching a covenant.		Examples of default by a borrower include failure to pay interest or principal on time, and breaching a covenant.

			Broad definitions of default in this context are designed to act as early warning indicators of a decline or potential decline in borrowers' credit strength for the benefit of lenders, to give more time to react to reduce or avoid credit losses.

			Definitions of default are often a negotiating point between prospective lenders and borrowers.

	3. ''Systems design - behavioural economics - decision making''.
			4. ''Systems design - behavioural economics - decision making''.

	'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.		'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.
Line 49:		Line 58:
	* [[Default fund]]		* [[Default fund]]
	* [[Deletion]]		* [[Deletion]]
			* [[Early warning indicator]]
	* [[Entity]]		* [[Entity]]
	* [[Event of default]]		* [[Event of default]]
Line 58:		Line 68:
	* [[Futures contract]]		* [[Futures contract]]
	* [[Grace period]]		* [[Grace period]]
			* [[In default]]
	* [[Interest]]		* [[Interest]]
	* [[Lehman provisions]]		* [[Lehman provisions]]
Line 74:		Line 85:

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:~~The_business_context~~]]		[[Category:Financial_products_and_markets]]
	[[Category:Identify_and_assess_risks]]		[[Category:Identify_and_assess_risks]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
			[[Category:Risk_reporting]]
	[[Category:Risk_frameworks]]		[[Category:Risk_frameworks]]
	[[Category:~~Risk_reporting]]~~		[[Category:The_business_context]]
	~~[[Category:Financial_products_and_markets~~]]

imported>Doug Williamson: Layout.

2023-03-13T18:44:19Z

Layout.

← Older revision		Revision as of 18:44, 13 March 2023
Line 16:		Line 16:


	3~~. ''Other obligations - tax compliance.''~~		3. ''Systems design - behavioural economics - decision making''.

	~~More broadly, any failure to fulfil an obligation.~~

	~~For example, late delivery of a tax return under the applicable tax compliance regime.~~


	4. ''Systems design - behavioural economics - decision making''.

	'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.		'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.
Line 48:		Line 41:
	* [[Breach of covenant]]		* [[Breach of covenant]]
	* [[Covenant]]		* [[Covenant]]
			* [[Credit default swap]]
	* [[Credit event]]		* [[Credit event]]
	* [[Cross default]]		* [[Cross default]]
	* [[Debt distress]]		* [[Debt distress]]
	* [[Default bias]]		* [[Default bias]]
			* [[Defaulting lender]]
	* [[Default fund]]		* [[Default fund]]
	* [[Default netting]]
	* [[Default surcharge]]
	* [[Defaulting lender]]
	* [[Deletion]]		* [[Deletion]]
	* [[Entity]]		* [[Entity]]
Line 71:		Line 63:
	* [[Loan agreement]]		* [[Loan agreement]]
	* [[Materiality]]		* [[Materiality]]
	* [[Merton distance-to-default]]
	* [[Non-performing loan]]		* [[Non-performing loan]]
	* [[Obligation]]
	* [[Principal]]		* [[Principal]]
	* [[Probability of Default]]
	* [[Qatar]]		* [[Qatar]]
	* [[Qatar Financial Centre]]		* [[Qatar Financial Centre]]
	* [[Regime]]		* [[Regime]]
	* [[Return]]
	* [[Risk]]		* [[Risk]]
	* [[Speculation]]		* [[Speculation]]
	* [[Tax compliance]]
	* [[Variation margin]]		* [[Variation margin]]
	* [[Waiver]]		* [[Waiver]]

imported>Doug Williamson: Mend link.

2023-03-13T01:17:37Z

Mend link.

← Older revision		Revision as of 01:17, 13 March 2023
Line 79:		Line 79:
	* [[Qatar Financial Centre]]		* [[Qatar Financial Centre]]
	* [[Regime]]		* [[Regime]]
			* [[Return]]
	* [[Risk]]		* [[Risk]]
	* [[Speculation]]		* [[Speculation]]
	* [[Tax compliance]]		* [[Tax compliance]]
	* [[Tax return]]
	* [[Variation margin]]		* [[Variation margin]]
	* [[Waiver]]		* [[Waiver]]

imported>Doug Williamson: Links ordering.

2023-03-13T01:14:32Z

Links ordering.

← Older revision		Revision as of 01:14, 13 March 2023
Line 52:		Line 52:
	* [[Debt distress]]		* [[Debt distress]]
	* [[Default bias]]		* [[Default bias]]
			* [[Default fund]]
	* [[Default netting]]		* [[Default netting]]
	* [[Default fund]]
	* [[Default surcharge]]		* [[Default surcharge]]
	* [[Defaulting lender]]		* [[Defaulting lender]]

imported>Doug Williamson: Add definition. Source: Linked pages

2023-03-13T01:13:16Z

Add definition. Source: Linked pages

← Older revision		Revision as of 01:13, 13 March 2023
Line 16:		Line 16:


	3. ''Systems design - behavioural economics - decision making''.		3. ''Other obligations - tax compliance.''

			More broadly, any failure to fulfil an obligation.

			For example, late delivery of a tax return under the applicable tax compliance regime.


			4. ''Systems design - behavioural economics - decision making''.

	'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.		'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.
Line 66:		Line 73:
	* [[Merton distance-to-default]]		* [[Merton distance-to-default]]
	* [[Non-performing loan]]		* [[Non-performing loan]]
			* [[Obligation]]
	* [[Principal]]		* [[Principal]]
	* [[Probability of Default]]		* [[Probability of Default]]
Line 73:		Line 81:
	* [[Risk]]		* [[Risk]]
	* [[Speculation]]		* [[Speculation]]
			* [[Tax compliance]]
			* [[Tax return]]
	* [[Variation margin]]		* [[Variation margin]]
	* [[Waiver]]		* [[Waiver]]

imported>Doug Williamson: Add links.

2023-03-13T01:00:35Z

Add links.

← Older revision		Revision as of 01:00, 13 March 2023
Line 45:		Line 45:
	* [[Debt distress]]		* [[Debt distress]]
	* [[Default bias]]		* [[Default bias]]
			* [[Default netting]]
			* [[Default fund]]
			* [[Default surcharge]]
	* [[Defaulting lender]]		* [[Defaulting lender]]
	* [[Default fund]]
	* [[Deletion]]		* [[Deletion]]
	* [[Entity]]		* [[Entity]]
Line 62:		Line 64:
	* [[Loan agreement]]		* [[Loan agreement]]
	* [[Materiality]]		* [[Materiality]]
			* [[Merton distance-to-default]]
	* [[Non-performing loan]]		* [[Non-performing loan]]
	* [[Principal]]		* [[Principal]]
			* [[Probability of Default]]
	* [[Qatar]]		* [[Qatar]]
	* [[Qatar Financial Centre]]		* [[Qatar Financial Centre]]

imported>Doug Williamson: Add links.

2022-11-04T16:37:40Z

Add links.

← Older revision		Revision as of 16:37, 4 November 2022
Line 45:		Line 45:
	* [[Debt distress]]		* [[Debt distress]]
	* [[Default bias]]		* [[Default bias]]
			* [[Defaulting lender]]
	* [[Default fund]]		* [[Default fund]]
	* [[Deletion]]		* [[Deletion]]
Line 50:		Line 51:
	* [[Event of default]]		* [[Event of default]]
	* [[Exposure At Default]]		* [[Exposure At Default]]
			* [[Finance party default]]
	* [[Financial covenant]]		* [[Financial covenant]]
	* [[Forbearance]]		* [[Forbearance]]
Line 56:		Line 58:
	* [[Grace period]]		* [[Grace period]]
	* [[Interest]]		* [[Interest]]
			* [[Lehman provisions]]
	* [[Loss Given Default]]		* [[Loss Given Default]]
	* [[Loan agreement]]		* [[Loan agreement]]

imported>Doug Williamson: Add link.

2022-09-23T07:33:31Z

Add link.

← Older revision		Revision as of 07:33, 23 September 2022
Line 43:		Line 43:
	* [[Credit event]]		* [[Credit event]]
	* [[Cross default]]		* [[Cross default]]
			* [[Debt distress]]
	* [[Default bias]]		* [[Default bias]]
	* [[Default fund]]		* [[Default fund]]