Performing Receivable
From Open Risk Manual
Definition
A Performing Receivable in a securitisation context is a Transferred Receivable that has not experienced any pre-defined Credit Event and thus is not a Delinquent Receivable or a Defaulted Receivable
Details
In the normal course of business, Performing Receivables form the bulk of the securitisation asset portfolio and their associated cashflows conform to their Contractual Cash Flows
Variations
None
Issues and Challenges
None
See Also
None
Disclaimer
- This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
- Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced
