Credit event: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Link with Event risk page.) |
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* [[Creditworthiness]] | * [[Creditworthiness]] | ||
* [[Default]] | * [[Default]] | ||
* [[Event risk]] | |||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 20:53, 12 February 2015
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.
