Workout LGD

The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Definition

Workout LGD mean an estimate of the Loss Given Default during the Workout Process of non-performing loans or other credits. The term is used primarily to distinguish from concepts such as Market LGD derived from traded prices and Realised LGD. Closely related to valuation of non-performing loans