Credit Model definition

Credit Model means the models, algorithms, formulae and others aspects of the automated credit scoring system used to approve or deny an application for credit under a Program and adopted by Bank, as further described in documentation for the Loan risk model provided by Company to Bank from time to time. For avoidance of doubt, the Underwriting Guidelines shall not be considered part of the Credit Model.
Credit Model. – means the CreditModelTM Financial Institutions statistical model1 developed by S&P Global Market Intelligence, a division of S&P Global Inc.
Credit Model means a Licence Package based on the number of permitted Transactions that may be carried out by the Client using the Service, drawn down from Credit.

Examples of Credit Model in a sentence

  • The Retail Credit Model is geared towards high volume, small transaction sized businesses wherein credit appraisals of fresh exposures are guided by statistical models and are managed on the basis of aggregate product portfolios.

  • Partially Observed Mixtures of IRT Models: An Extension of the Generalized Partial Credit Model.

  • There are two different credit management models within which the credit process operates - the Retail Credit Model and the Wholesale Credit Model.

  • Both new and existing models, as well as changes to the existing models, are subject to independent validation by Group Model Validation (GMV) and are reviewed and approved by Group Credit Model Assessment Committee (CMAC) and Group Model Risk Committee (MRC) based on materiality.

  • The parties acknowledge and agree that (i) the term Confidential Information excludes Customer Information, and (ii) all Credit Model Validation Documentation is and shall remain UNI’s Confidential Information.

  • The items in the item bank are calibrated based on the Generalized Partial Credit Model (GPCM) (Muraki, 1992) (see Equation 6‑1).

  • The Wholesale Credit Model on the other hand, is relevant to lower volume, larger transaction size, customised products and relies on a judgmental process for the origination, approval and maintenance of credit exposures.

  • In other words, measurement is test-free in the sense that the results are dependent only upon the ability of the student and are independent of item difficulties.The Rasch model (Rasch, 1980) for dichotomous items and the Partial Credit Model (PCM; Masters, 1982) for polytomous items were used to develop, calibrate, equate, and scale WLPT-II.

  • UNI shall provide Bank with reasonable access to the Model Documentation and Credit Model Validation Documentation, including the credit and business models underlying the Credit Model Validation Services and all pricing, credit, and underwriting assumptions thereto, provided that, in each instance, the requirements of Section 10.4(e) of this Agreement have been met.

  • Bank shall have the right to test and validate the Technical Information and the Credit Model Policy, including any underlying data, for the sole purpose of validating consistency with FIL 22 and the Program Guidelines.


More Definitions of Credit Model

Credit Model. 5 means the tools developed statistically by a member to indicate the probability of a member’s client repayment.
Credit Model means the technological function issued by Elixium and described as such on the Elixium Website; “ Data Distribution Agreement” means the agreement (if any) described as such and entered into between
Credit Model. – means the CreditModelTM Financial Institutions statistical model1