Trigger event - Revision history

imported>Doug Williamson: Add link.

2023-03-04T19:36:49Z

Add link.

← Older revision		Revision as of 19:36, 4 March 2023
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	*[[Basel 3.1]]		*[[Basel 3.1]]
	*[[Beneficiary]]		*[[Beneficiary]]
			*[[Call]]
	*[[Counterparty]]		*[[Counterparty]]
	*[[Covenant]]		*[[Covenant]]

imported>Doug Williamson: Add link.

2023-03-04T19:36:10Z

Add link.

← Older revision		Revision as of 19:36, 4 March 2023
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	*[[Documentation]]		*[[Documentation]]
	*[[Event risk]]		*[[Event risk]]
			*[[Exposure]]
	*[[Firm]]		*[[Firm]]
	*[[Obligation]]		*[[Obligation]]
			*[[Off balance sheet]]
	*[[Performance guarantee]]		*[[Performance guarantee]]
	*[[Prudential Regulation Authority]] (PRA)		*[[Prudential Regulation Authority]] (PRA)

imported>Doug Williamson: Add link.

2023-03-04T19:34:34Z

Add link.

← Older revision		Revision as of 19:34, 4 March 2023
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	*[[Basel 3.1]]		*[[Basel 3.1]]
	*[[Beneficiary]]		*[[Beneficiary]]
			*[[Counterparty]]
	*[[Covenant]]		*[[Covenant]]
	*[[Covenant trigger]]		*[[Covenant trigger]]

imported>Doug Williamson: Add definition - source - PRA - https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards

2023-03-03T22:35:27Z

Add definition - source - PRA - https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards

← Older revision		Revision as of 22:35, 3 March 2023
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	3. ''Documentation.''		3. ''Bank supervision - capital adequacy - Risk Weighted Assets - off balance sheet risk - transaction-related contingent items - performance guarantees.''

			In relation to a performance guarantee or similar item issued by a bank, failure by the bank's customer to perform a non-financial obligation under the related commercial contract, enabling the beneficiary of the guarantee to make a claim on the bank.


			:<span style="color:#4B0082">'''''Trigger events differ from default events'''''</span>

			:"Trigger events occur when a counterparty fails to perform a non-financial obligation.

			:Trigger events differ from default events as trigger events relate to the underlying transaction (between the counterparty and third party) rather than whether the counterparty has defaulted or not.

			:When a trigger event occurs, it enables the third-party beneficiary to make a claim which the firm needs to pay, which means the exposure comes on-balance sheet."

			:''Implementation of the Basel 3.1 standards - Bank of England - November 2022 - p109.''


			4. ''Documentation.''

	More broadly, any event defined in documentation, which will result in another process being initiated.		More broadly, any event defined in documentation, which will result in another process being initiated.
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	== See also ==		== See also ==
	*[[Amendment approach]]		*[[Amendment approach]]
			*[[Bank of England]]
			*[[Basel 3.1]]
			*[[Beneficiary]]
	*[[Covenant]]		*[[Covenant]]
	*[[Covenant trigger]]		*[[Covenant trigger]]
	*[[Credit default swap]]		*[[Credit default swap]]
	*[[Credit event]]		*[[Credit event]]
			*[[Default]]
	*[[Derivative]]		*[[Derivative]]
	*[[Documentation]]		*[[Documentation]]
	*[[Event risk]]		*[[Event risk]]
			*[[Firm]]
			*[[Obligation]]
			*[[Performance guarantee]]
			*[[Prudential Regulation Authority]] (PRA)
	*[[Ratings trigger]]		*[[Ratings trigger]]
			*[[Third party]]
			*[[Transition]]


			==Other resource==
			*[https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards Implementation of the Basel 3.1 standards - Bank of England - Prudential Regulation Authority - November 2022]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Update for LIBOR transition.

2022-04-25T21:09:30Z

Update for LIBOR transition.

← Older revision		Revision as of 21:09, 25 April 2022
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	More broadly, any event defined in documentation, which will result in another process being initiated.		More broadly, any event defined in documentation, which will result in another process being initiated.

	For example, implementing an amendment approach to ~~LIBOR~~ rate transition.		For example, implementing an amendment approach to reference interest rate transition.

imported>Doug Williamson: Classify page.

2021-07-17T19:20:06Z

Classify page.

← Older revision		Revision as of 19:20, 17 July 2021
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	*[[Credit default swap]]		*[[Credit default swap]]
	*[[Credit event]]		*[[Credit event]]
	*[[Derivative ~~documentation~~]]		*[[Derivative]]
	*[[Documentation]]		*[[Documentation]]
	*[[Event risk]]		*[[Event risk]]
	*[[Ratings trigger]]		*[[Ratings trigger]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]
			[[Category:Corporate_finance]]
			[[Category:Investment]]
			[[Category:Long_term_funding]]
			[[Category:Identify_and_assess_risks]]
			[[Category:Manage_risks]]
			[[Category:Risk_frameworks]]
			[[Category:Risk_reporting]]

imported>Doug Williamson: Add 3rd definition - sources - linked pages.

2021-07-17T19:18:13Z

Add 3rd definition - sources - linked pages.

← Older revision		Revision as of 19:18, 17 July 2021
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	1.		1. ''Borrowings documentation - credit risk.''

	An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.<br>		An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.<br>
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	2.		2. ''Derivative documentation.''

	Similar events defined in derivatives documentation, for example, credit default swaps.		Similar events defined in derivatives documentation, for example, credit default swaps.


			3. ''Documentation.''

			More broadly, any event defined in documentation, which will result in another process being initiated.

			For example, implementing an amendment approach to LIBOR rate transition.


	== See also ==		== See also ==
			*[[Amendment approach]]
	*[[Covenant]]		*[[Covenant]]
	*[[Covenant trigger]]		*[[Covenant trigger]]
	*[[Credit default swap]]		*[[Credit default swap]]
	*[[Credit event]]		*[[Credit event]]
			*[[Derivative documentation]]
			*[[Documentation]]
	*[[Event risk]]		*[[Event risk]]
	*[[Ratings trigger]]		*[[Ratings trigger]]

imported>Doug Williamson: Link with Covenant page.

2017-11-21T15:20:26Z

Link with Covenant page.

← Older revision		Revision as of 15:20, 21 November 2017
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	== See also ==		== See also ==
			*[[Covenant]]
			*[[Covenant trigger]]
	*[[Credit default swap]]		*[[Credit default swap]]
	*[[Credit event]]		*[[Credit event]]
	*[[Event risk]]		*[[Event risk]]
	*[[Ratings trigger]]		*[[Ratings trigger]]

imported>Doug Williamson: Spacing added

2015-05-30T11:59:52Z

Spacing added

← Older revision		Revision as of 11:59, 30 May 2015
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	1.		1.
	An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.
			An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.<br>
	For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.		For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.


	2.		2.

	Similar events defined in derivatives documentation, for example, credit default swaps.		Similar events defined in derivatives documentation, for example, credit default swaps.


	== See also ==		== See also ==

imported>Doug Williamson: Created page with "1. An event defined in borrowings documentation, usually with severe adverse consequences for the borrower. For example, a deterioration in the borrower's credit rating, entit..."

2015-05-30T11:21:35Z

Created page with "1. An event defined in borrowings documentation, usually with severe adverse consequences for the borrower. For example, a deterioration in the borrower's credit rating, entit..."

New page

1.
An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.
For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.

2.
Similar events defined in derivatives documentation, for example, credit default swaps.

== See also ==
*[[Credit default swap]]
*[[Credit event]]
*[[Event risk]]
*[[Ratings trigger]]