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Credit event - Financial definition

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Translations:      FR  événement de crédit (n.m.)     ES  evento de credito (n.m.)     DE  Kreditereignis (n.n.) 

Concise definition of the term credit event

A credit events occurs, when the debtor can no longer meet the creditor‘s claims arising from a loan granted.

Comprehensive definition of the term credit event

The following events can constitute a credit event either in isolation or in combination: bankruptcy, obligation default, potential obligation acceleration, obligation acceleration, obligation repudiation/moratorium and restructuring according to the International Swaps and Derivatives Association.
Credit derivative documentation will refer to specific credit events which, should they occur, will set off contingent payments.

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