EBA NPL.Loan.Loan Purpose
From Open Risk Manual
Definition of Loan / Loan Purpose
Loan.Loan Purpose: Ultimate financing purpose of the Loan
- EBA Field Index 7.008
- Documentation Entry 130
Description
"Loan Purpose" is the purpose for which the loan can be provided, e.g. Residential real estate purchase for own use, Residential real estate purchase for investment, Commercial real estate purchase, Margin lending, Debt financing, Imports/Exports, Construction investment, and Working capital facility..
Field Characteristics
The field type will be a Choice field. The following choices are available:
- (a) Residential real estate – owner occupied
- (b) Residential real estate investment
- (c) Commercial Real Estate (CRE)
- (d) Margin lending where the Counterparty borrows money to invest in shares or managed funds
- (e) Debt financing
- (f) Commercial development
- (g) Residential development
- (h) Working capital facility
- (i) Credit card
- (j) Consumer lending
- (k) Asset finance
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
