EBA NPL.Counterparty.Cross Default for Counterparty
From Open Risk Manual
Contents
Definition of Counterparty / Cross Default for Counterparty
Counterparty.Cross Default for Counterparty: Indicator as to whether contractual breach of any loans held by the Counterparty would trigger the default event of any other loans
- EBA Field Index 3.062
- Documentation Entry 75
Description
"Cross Default for Counterparty" is the indicator as to whether the default of any loans held by the Counterparty would trigger the default event of the other loans held by the Counterparty.
Field Characteristics
The field type is Choice. The following choices are available:
- (a) Full
- (b) Partial
- (c) None
The field's importance for the Loan Tape is Important.
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
Disclaimer
- 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
