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LCLN

A credit linked note (CLN) whose redemption and coupon payments are linked to a single default event and also depend…

EOD

It stands for event of default; an occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to...

Event of Default

An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...

Default Event

An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...

Lifetime ECL

It stands for lifetime expected credit losses; the expected credit losses (ECL) that would result from all possible default events...

Lifetime Expected Credit Losses

The expected credit losses that would result from all possible default events to occur over the entire expected life of...

ECL

It stands for expected credit losses; by definition, it denotes credit losses that are expected to result from default events...

Expected Credit Losses

Credit losses that are expected to result from default events associated with financial instruments, financing commitments and financial guarantee contracts,...