Status: You are viewing the version of the handbook as on 2016-04-06.

counterparty credit risk

      1. 156
        1. (1) (in accordance with Part 1 of Annex III of the Banking Consolidation Directive (Definitions) and for the purposes of BIPRU) the risk that the counterparty to a transaction could default before the final settlement of the transaction's cash flows.
        1. (2) (other than in (1)) has the meaning as used in the EU CRR.