EBA NPL.Counterparty.Additional Stage Reached in InsolvencyorRestructuring procedure
Definition of Counterparty / Additional Stage Reached in Insolvency/Restructuring procedure
Counterparty.Additional Stage Reached in Insolvency/Restructuring procedure: Additional indication of how advanced the relevant procedure has become as a result of various legal steps in the legal procedure having been completeted
- EBA Field Index 3.081
- Documentation Entry 94
"Additional stage reached in insolvency/restructuring procedure" is an indication of how advanced the relevant additional procedure has become as a result of various legal steps in the additional legal procedure having been completed. The generic, standardised legal actions across countries are listed under the data field "Stage reached in insolvency/restructuring procedure". This is not an exhaustive list of legal actions and therefore the Institution should make a value judgement as to whether they should add any additional legal actions to the generic standardised legal actions..
The field type is Text, which allows for multiple selections of stages to be entered if applicable.
The field's importance for the Loan Tape is Critical.
The field belongs to the EBA NPL Counterparty Table.
The field applies to all of the 7 EBA NPL Asset Classes.
The field is applicable to all borrower types.
The field is Not Confidential
- This text is generated automatically. Do not edit manually!
- This information is provided as is. Refer to the EBA NPL Template for pointers to definitive instructions