Credit risk profile definition

Credit risk profile means FNB’s assessment of your credit worthiness (i.e. whether you are able to make payments in terms of your obligations) during the term of the agreement. Credit worthiness entails the ability of the Bank to assess your risk profile using objective and independent criteria which includes behaviour on your accounts within the FirstRand Group and bureau information. In the event that you breach the Agreement, as provided for below, this will also influence your credit risk profile. Should a breach occur, this may influence your credit risk profile, which may lead to an adjustment in your interest rate.‌
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Credit risk profile means the Bank's assessment of your credit worthiness (i.e. whether you are able to make payments in terms of your obligations) during the term of the agreement. Credit worthiness entails the ability of the Bank to assess your risk profile using objective and independent criteria which includes behaviour on your accounts within the FirstRand Group and bureau information. In the event that you breach the Agreement, as provided for below, this will also influence your credit risk profile. Should a breach occur, this may influence your credit risk profile, which may lead to an adjustment in your interest rate.
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Related to Credit risk profile

  • Credit Risk means the risk of loss or of adverse change in the financial situation, resulting from fluctuations in the credit standing of issuers of securities, counterparties and any debtors to which insurance and reinsurance undertakings are exposed, in the form of counterparty default risk, or spread risk, or market risk concentrations;

  • Credit Risk Obligation Any Collateral Obligation that, in the judgment of the Collateral Manager (which may not be called into question due to subsequent events or investment determinations made by the Collateral Manager for its other clients or investment vehicles managed by the Collateral Manager), has a material risk of declining in credit quality or price; provided that during a Restricted Trading Period, a Collateral Obligation will qualify as a Credit Risk Obligation for purposes of sales of Collateral Obligations only if (i) such Collateral Obligation has been downgraded by S&P at least one rating sub-category (which rating may include a credit estimate) or has been placed and remains on a credit watch with negative implication by S&P since it was acquired by the Issuer, (ii) the Credit Risk Criteria are satisfied with respect to such Collateral Obligation or (iii) a Majority of the Controlling Class consents to treat such Collateral Obligation as a Credit Risk Obligation.