Status: You are viewing the version of the handbook as on 2019-12-18.

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      1. (1) (in relation to the IRB approach and for the purposes of BIPRU) has the meaning in BIPRU 4.3 (The IRB approach: Provisions common to different exposure classes).94
      1. (2) (in MIPRU) for any credit obligation a borrower has with a firm, an event where:94
        1. (a) the borrower is past the contractual payment due date by more than 90 days; and
        1. (b) the firm reasonably considers that the borrower is unlikely to pay or otherwise fulfil its credit obligations to the firm.
      1. (3) (in relation to an operator of an electronic system in relation to lending) an event where:124
        1. (a) in respect of a P2P agreement that is not secured on property, the borrower is past the contractual payment due date by more than 90 days; or124
        1. (b) in respect of a P2P agreement that is secured on property, the borrower is past the contractual payment due date by more than 180 days.124