Par value and Ratings trigger: Difference between pages
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Expand first definition and link with Acceleration page.) |
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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 will 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. | |||
== See also == | == See also == | ||
* [[ | * [[Acceleration]] | ||
* [[ | * [[Credit rating]] | ||
* [[ | * [[Pricing grid]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 13:50, 15 July 2015
- 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 will 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.
