Covenant trigger and Proof of concept: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''Documentation risk''.
''Product and software development''.


A covenant trigger is an event defined in borrowings documentation, which results in a breach of covenant.
(POC).


Also known as a 'covenant trigger event'.
Proof of concept is the stage in product or software development in which it is established that the solution will function as intended.




== See also ==
<span style="color:#4B0082">'''''Banks well advanced in DLT applications'''''</span>
*[[Breach of covenant]]
*[[Covenant]]
*[[Credit event]]
*[[Documentation risk]]
*[[Event risk]]
*[[Ratings trigger]]
*[[Trigger event]]


[[Category:Long_term_funding]]
:"Mark Williamson, global COO of FX cash trading and risk management at HSBC, said that 90% of banks are now at proof-of-concept stage for distributed ledger technology (DLT) applications, with HSBC having settled billions of dollars of internal FX transactions on a DLT solution since February 2018."
 
:''The Treasurer magazine, December 2018 / January 2019, p12''
 
 
==See also==
*[[COO]]
*[[Distributed ledger]]
*[[Ideation]]
 
[[Category:The_business_context]]
[[Category:Technology]]

Revision as of 13:15, 2 April 2019

Product and software development.

(POC).

Proof of concept is the stage in product or software development in which it is established that the solution will function as intended.


Banks well advanced in DLT applications

"Mark Williamson, global COO of FX cash trading and risk management at HSBC, said that 90% of banks are now at proof-of-concept stage for distributed ledger technology (DLT) applications, with HSBC having settled billions of dollars of internal FX transactions on a DLT solution since February 2018."
The Treasurer magazine, December 2018 / January 2019, p12


See also