Credit event: Difference between revisions
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1. An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract. | 1. | ||
An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract. | |||
2. | |||
Any event evidencing a weakening of creditworthiness. | |||
For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement. | For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement. | ||
== See also == | == See also == | ||
* [[Credit]] | |||
* [[Credit derivative]] | * [[Credit derivative]] | ||
* [[Creditworthiness]] | * [[Creditworthiness]] | ||
* [[Default]] | * [[Default]] | ||
* [[Event risk]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 12:00, 6 July 2022
1.
An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract.
2.
Any event evidencing a weakening of creditworthiness.
For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement.
