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Pre-Cessation Trigger

A contractual fallback that was set out in the LIBOR wording for the purpose of triggering a switch to the...

Cessation Trigger

A contractual fallback that was set out in the LIBOR wording for the purpose of triggering a switch to the...

Fallback Trigger Event

In fallback documentation, it is an event that would activate the fallback provision (incorporated into a contract or arrangement in...

Fallback Trigger

In fallback documentation, a trigger is an event that would activate the fallback provision (incorporated into a contract or arrangement...

Loss Absorption Mechanism Trigger

A feature that is embedded in a contingent convertible bond (CoCo bond) whereby it would would convert to equity or...

LAM Trigger

It stands for loss-absorption mechanism trigger; a feature that is embedded in a contingent convertible bond (CoCo bond) whereby it...

Accounting Trigger

A trigger point that occurs when the capital ratio of a bank (issuer of CoCo bonds) falls below a specific...

CET1 Trigger

A trigger that marks the situation when and where the common equity tier 1 ratio (CET1) of a bank or...

CoCo Trigger

It stands for contingent convertible trigger, a trigger in a contingent convertible (CoCo) the breach of which forces a CoCo...

PONV Trigger

An event that triggers a regulated institution's seizure or resolution by a regulatory body. This follows a situation where an...