Credit event: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Event risk page.) |
imported>Doug Williamson (Layout.) |
||
| Line 1: | Line 1: | ||
1. | 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. | 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. | 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. | 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. | |||
Revision as of 14:28, 6 November 2016
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.
