Ratings trigger: Difference between revisions
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imported>Doug Williamson (Align with qualifications material.) |
imported>Doug Williamson (Align item 1. with course material to tighten scope) |
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#A clause in loan documentation | #A clause in loan documentation to protect the lender against deterioration in the credit rating of the borrower. For example if the credit rating falls below a specified level, this would trigger immediate repayment of the borrowing. | ||
#A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower. | #A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower. | ||
Revision as of 08:33, 15 July 2015
- A clause in loan documentation to protect the lender against deterioration in the credit rating of the borrower. For example if the credit rating falls below a specified level, this would trigger immediate repayment of the borrowing.
- A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower.
