EBA NPL.Counterparty.Contingent Obligations
Definition of Counterparty / Contingent Obligations
Counterparty.Contingent Obligations: Indicator as to whether the Corporate Counterparty has contingent obligations which will be part of the sale, e.g. the Institution provided a guarantee to a real estate developer on their development
- EBA Field Index 3.069
- Documentation Entry 82
"Contingent Obligations" is the indicator as to whether the Corporate Counterparty has contingent obligations which will be part of the sale A contingent obligation relates to a guarantee given by the Institution in respect of development projects or similar such arrangements. Often observable in real estate development or infrastructure development.
The field type is Boolean.
The field's importance for the Loan Tape is Important.
The field belongs to the EBA NPL Counterparty Table.
The field applies to 4 of the 7 EBA NPL Asset Classes. It does not apply to Residential Real Estate Loans, Unsecured Loans, Auto Loans,
The field applies to borrower type: Corporate.
The field is Not Confidential
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- This information is provided as is. Refer to the EBA NPL Template for pointers to definitive instructions