Trigger event: Difference between revisions
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imported>Doug Williamson (Link with Covenant page.) |
imported>Doug Williamson (Add 3rd definition - sources - linked pages.) |
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1. | 1. ''Borrowings documentation - credit risk.'' | ||
An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.<br> | An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.<br> | ||
| Line 5: | Line 5: | ||
2. | 2. ''Derivative documentation.'' | ||
Similar events defined in derivatives documentation, for example, credit default swaps. | Similar events defined in derivatives documentation, for example, credit default swaps. | ||
3. ''Documentation.'' | |||
More broadly, any event defined in documentation, which will result in another process being initiated. | |||
For example, implementing an amendment approach to LIBOR rate transition. | |||
== See also == | == See also == | ||
*[[Amendment approach]] | |||
*[[Covenant]] | *[[Covenant]] | ||
*[[Covenant trigger]] | *[[Covenant trigger]] | ||
*[[Credit default swap]] | *[[Credit default swap]] | ||
*[[Credit event]] | *[[Credit event]] | ||
*[[Derivative documentation]] | |||
*[[Documentation]] | |||
*[[Event risk]] | *[[Event risk]] | ||
*[[Ratings trigger]] | *[[Ratings trigger]] | ||
Revision as of 19:18, 17 July 2021
1. Borrowings documentation - credit risk.
An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.
For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.
2. Derivative documentation.
Similar events defined in derivatives documentation, for example, credit default swaps.
3. Documentation.
More broadly, any event defined in documentation, which will result in another process being initiated.
For example, implementing an amendment approach to LIBOR rate transition.
