EBA NPL.External Collection.Principal Forgiveness

From Open Risk Manual

Definition of External Collection / Principal Forgiveness

External Collection.Principal Forgiveness: Amount of the principal that was forgiven by the external collection agent as part of recovery negotiations

  • EBA Field Index 9.012
  • Documentation Entry 254

Description

Principal Forgiveness is the amount of the Principal that was forgiven by the external Debt Collection Agency as part of Recovery negotiations where forgiveness (Forbearance is the process where there is a Debt and no return is required.

Field Characteristics

The field type is a Number.

The field's importance for the Loan Tape is Important.

The field belongs to the EBA NPL External Collection 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