There must be at least three parties --an issuer, an obligor
, and a debt holder or trustee--to the transaction.
This loss protection is primarily provided by surplus annual obligor
repayments and reserves.
, and this remission might be "included in a transaction or
Q: What is the effect if the negligence or fault of obligor
coincided with the occurrence of the fortuitous event?
Where the primary obligor
has defaulted on its obligations and the guarantor notifies (or warns) the lender that such a default has occurred, the lender has six months from the date of notification to commence enforcement proceedings.
Key Words: Portfolio diversification, idiosyncratic default risk, obligor
concentration, Vasicek single common factor model of credit risk, credit value at risk, Basel bank capital requirements
When municipal obligors
become stressed it is difficult for most investors to learn in a timely manner, potentially putting their portfolio at a greater risk.
Hussain al-Qemzi, GCEO, Noor Investment Group, and CEO Noor Bank, said, "Islamic financing is asset-backed, which delivers greater security to the obligor
Adverse economic conditions and changing circumstances, however, are more likely to lead to a weakened capacity of the obligor
to meet its financial commitment on the obligation.
[Y.sub.i: default indicator for ith obligor
; if ith obligor
defaults, [Y.sub.i] = 1, otherwise 0;
The previous guidelines failed to incorporate in a substantive way the obligee's income in determining the amount to be paid by the obligor
Called Moody's CreditView US Public Finance, the solution provides insight into an issuer, obligor
or sale with a new, easy-to-navigate interface, Moody's said.