EBA NPL.Loan.Loan Covenants
From Open Risk Manual
Definition of Loan / Loan Covenants
Loan.Loan Covenants: List of the covenants as agreed in the current Loan Agreement as at the NPL Portfolio Cut-Off Date (LTV, ICR, DSCR etc.), each in a separate column
- EBA Field Index 7.083
- Documentation Entry 205
Description
"Loan Covenants" is a list of the covenants as agreed in the current Loan Agreement as at the NPL Portfolio Cut-Off Date, where each covenant is represented in a separate column.
Field Characteristics
The field type is a Choice field. The following choices are available:
- (a) Loan to Value (LTV) is the ratio of a loan to the value of the collateral purchased
- (b) Interest Coverage Ratio (ICR) is the ratio of earnings before interest and tax to the interest expense in the same period
- (c) Debt Service Coverage Ratio (DSCR) is the ratio of annual net operating income to debt obligations owed in the last 12m
- (d) Other
The field's importance for the Loan Tape is Important.
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
