Definition
−[Counterparty risk.Probability of Default] = 1 IF AND ONLY IF [([Counterparty default.Default status of the counterparty] IN { 'Default because both unlikely to pay', 'Default because more than 90/180 days past due', 'Default because both unlikely to pay and more than 90/180 days past due'}) OR ([Financial.Default status of the instrument] IN { 'Default because both unlikely to pay', 'Default because more than 90/180 days past due', 'Default because both unlikely to pay and more than 90/180 days past due'} for all instruments where [Counterparty-instrument.Counterparty role] = 'Debtor')] Note: The check is to be executed only when [Counterparty risk.Probability of Default] is reported and either [Counterparty default.Default status of the counterparty] or at least one [Financial.Default status of the instrument] is reported for a loan where the counterparty acts as a debtor.
+[Counterparty risk.Probability of default] = 1 IF AND ONLY IF [([Counterparty default.Default status of the counterparty] IN {“Default because unlikely to pay”, “Default because more than 90/180 days past due”, “Default because both unlikely to pay and more than 90/180 days past due”}) OR ([Financial.Default status of the instrument] IN {“Default because unlikely to pay”, “Default because more than 90/180 days past due”, “Default because both unlikely to pay and more than 90/180 days past due”} for all instruments where [Counterparty-instrument.Counterparty role] = “Debtor”)] Note: The check is to be executed only when [Counterparty risk.Probability of Default] is reported and either [Counterparty default.Default status of the counterparty] or at least one [Financial.Default status of the instrument] is reported for a loan where the counterparty acts as a debtor.