Difference between revisions of "Delinquent Receivable"
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=== Indicative Criteria for Delinquent Receivables === | === Indicative Criteria for Delinquent Receivables === | ||
| − | * the unpaid outstanding amount recorded in the relevant [[Delinquencies Ledger]] is more than | + | * the unpaid outstanding amount recorded in the relevant [[Delinquencies Ledger]] is more than a Permitted Threshold |
| − | a Permitted Threshold | ||
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[[Category:Securitisation Assets]] | [[Category:Securitisation Assets]] | ||
| + | [[Category:NPL]] | ||
{{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | {{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Latest revision as of 15:17, 5 October 2021
Contents
Definition
A Delinquent Receivable in a securitisation context is a Transferred Receivable that has experienced any of pre-defined Credit Event types indicative of Delinquency but is not yet a Defaulted Receivable
Details
The classification of a receivable as delinquent has implications as to
- how further cashflows associated with the receivable will be processed
Indicative Criteria for Delinquent Receivables
- the unpaid outstanding amount recorded in the relevant Delinquencies Ledger is more than a Permitted Threshold
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
