Difference between revisions of "Workout LGD"
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Latest revision as of 22:02, 7 November 2019
Definition
Workout LGD mean an estimate of the Loss Given Default during the Workout Process of non-performing loans or other credits. The term is used primarily to distinguish from concepts such as Market LGD derived from traded prices and Realised LGD. Closely related to valuation of non-performing loans