Trigger event: Difference between revisions
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imported>Doug Williamson m (Spacing added) |
imported>Doug Williamson (Link with Covenant page.) |
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== See also == | == See also == | ||
*[[Covenant]] | |||
*[[Covenant trigger]] | |||
*[[Credit default swap]] | *[[Credit default swap]] | ||
*[[Credit event]] | *[[Credit event]] | ||
*[[Event risk]] | *[[Event risk]] | ||
*[[Ratings trigger]] | *[[Ratings trigger]] | ||
Revision as of 15:20, 21 November 2017
1.
An event defined in borrowings documentation, usually with severe adverse consequences for the borrower.
For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.
2.
Similar events defined in derivatives documentation, for example, credit default swaps.
