This is used as a qualifier to certain representations and undertakings as well as triggering the material adverse change Event of Default. This definition should be considered on ...

The minimum level of regulatory capital that insurance companies are required to maintain under Solvency II.

Refers to the trading of securities and derivatives by counterparties directly rather than through a recognised exchange.

The party borrowing money from a Lender. (CREFC, CRE Glossary of Terms, EU Version)

The percentage rate charged by a Lender which includes the reference rate (e.g. LIBOR / EURIBOR / SONIA) plus a margin.

The amount of Loan attributed to a particular portion of the underlying collateral, usually a single property within a portfolio of underlying assets.

The annualized rate of repayment, usually expressed in % terms, of a Loan's outstanding principal balance.

A form of risk management which entails managing assets and cash flows to satisfy liabilities.

The party that has created a loan asset or group of assets by extending credit to one or more creditors. 

The party that purchases an asset or group of assets from an asset originator. (Asset purchaser also refers to investors in mortgage-backed securities).