Performing Receivable

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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