Credit Model definition

Credit Model. – means the CreditModelTM Financial Institutions statistical model1 developed by S&P Global Market Intelligence, a division of S&P Global Inc.

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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 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

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.
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.
Platform Agent shall be the owner of the results of such review and shall share the results and any other requested information related to the Credit Model Policy, Program Guidelines and Applicable Laws with Bank promptly upon the completion of such review or audit.
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.
Platform Agent shall at all times comply with the Credit Model Policy and shall provide Bank with periodic access to the Technical Information underlying the Credit Model Policy, including all pricing, credit and underwriting assumptions related thereto and the applicable Credit Model Documentation for the sole purpose of validating consistency with FIL 22 and the Program Guidelines.
Furthermore, EDS shall provide FB with reasonable access to its Technical Information, credit and business models underlying the Credit Model Policy, including all pricing, credit, and underwriting assumptions thereto and the Credit Model Documentation.
FB may change the terms and conditions applicable to the Loans, fees charged to Borrowers, maximum amount of credit lines, the Program Guidelines, the Credit Policy, the Credit Model Policies and the Underwriting Criteria.
Company shall operate, on behalf of Bank, technology that uses the Credit Model and applies the Underwriting Guidelines as set forth in the Program Guidelines to each completed Loan Application and, in addition to Company’s fraud processing, shall either pass, fail or refer such Loan Application on an automated, nondiscretionary basis.
EDS shall promptly provide FB with written notice of any change to its Credit Model Policy or Technical Information, including a full-context summary of the assumptions underlying such changes as well as the anticipated effects thereof.
In addition, Enova agrees to conduct annual discrimination testing of the Credit Model which testing is designed to ensure that the Credit Model is not violative of any applicable law or regulation and that there is no pattern or practice of discrimination against applicants seeking consumer credit resulting from factors used in the Credit Model.

More Definitions of Credit Model

Credit Model. – means the CreditModelTM Financial Institutions statistical model1

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