Ratings trigger and Substitute product: Difference between pages

Revision as of 12:04, 2 July 2022

Economics.

A product which may be used instead of another product.

For example tea in place of coffee.

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-#A clause in loan documentation to protect the lender against deterioration in the credit rating of the borrower. For example, a ratings trigger might stipulate that if the credit rating falls below a specified level, this event might trigger immediate repayment of the borrowing.
+''Economics''.
-#A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower.
+A product which may be used instead of another product.
+For example tea in place of coffee.
 == See also ==
-* [[Acceleration]]
+* [[Complementary product]]
-* [[Credit rating]]
+* [[Demand]]
-* [[Pricing grid]]
-[[Category:Treasury_operations_infrastructure]]
+[[Category:The_business_context]]