TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

A first loss facility would be considered significant if it meets the following conditions: - there is a documented and reliable credit history of at least a full business cycle for the specific type of assets in each underlying pool; - the financial institution's credit process properly assesses the credit and other risks in accordance with its standard credit policy for arm's-length counterparties; and - the facility adequately covers the expected losses in any foreseeable situation. [Office of the Superintendent of Financial Institutions].  1, record 1, English, - standard%20credit%20policy

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

Une protection de premier niveau sera considérée comme importante si elle répond aux conditions suivantes : - il existe un dossier de crédit étayé et fiable couvrant au moins un cycle économique complet pour le type particulier d'actifs du bloc sous-jacent; - l'institution financière évalue convenablement les risques de crédit et autres, conformément à sa politique normale de crédit à des contreparties indépendantes; - la protection couvre les pertes attendues dans toute situation prévisible. [Bureau du surintendant des institutions financières].  1, record 1, French, - politique%20normale%20de%20cr%C3%A9dit

Record 1,  Textual support,  Spanish