Credit event: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Add link.) |
||
| Line 12: | Line 12: | ||
== See also == | == See also == | ||
* [[Credit]] | |||
* [[Credit derivative]] | * [[Credit derivative]] | ||
* [[Creditworthiness]] | * [[Creditworthiness]] | ||
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.
