EBA NPL.Loan.Chargeoff Date

From Open Risk Manual

Definition of Loan / Charge-off Date

Loan.Charge-off Date: Date when the Loan went into charge-off. A charge-off is the declaration by the Institution commonly on Unsecured Retail when the Borrower is severely delinquent, and the Institution starts the recovery process officially.

  • EBA Field Index 7.075
  • Documentation Entry 197

Description

"Charge-off Date" is the date when the loan went into charge-off Where a charge-off is the declaration by the Institution commonly on unsecured retail when the Borrower is severely delinquent, and the Institution starts the recovery process officially A Charge-off does not mean a write-off of the debt entirely.

Field Characteristics

The field type is a Date in the format dd/mm/yyyy.


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

The field belongs to the EBA NPL Loan 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