Delinquent Receivable

Definition

A Delinquent Receivable in a securitisation context is a Transferred Receivable that has experienced any of pre-defined Credit Event types indicative of Delinquency but is not yet a Defaulted Receivable

Details

The classification of a receivable as delinquent has implications as to

• how further cashflows associated with the receivable will be processed

Indicative Criteria for Delinquent Receivables

• the unpaid outstanding amount recorded in the relevant Delinquencies Ledger is more than a Permitted Threshold

Variations

None

Issues and Challenges

None

See Also

None

Disclaimer

• This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
• Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced