ECL definition

ECL means expected credit losses;

ECL means that certain Equity Commitment Letter, dated as of the date hereof, by and between Shareholder, Washington Investments, LLC (solely with respect to the Guaranty contained therein) and Parent.

ECL has the meaning set forth in the Recitals.

Examples of ECL in a sentence

• For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL).

• Note 38 provides information about inputs, assumptions and estimation techniques used in measuring ECL, including an explanation of how the Bank incorporates forward-looking information in the ECL models.

• Financial assets in Stage 1 have their ECL measured at an amount equal to the portion of lifetime ECL that results from default events possible within the next 12 months or until contractual maturity, if shorter (“12 Months ECL”).

• For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).

• Life-long ECL represents expected credit losses resulting from all potential cases of default during the expected lifetime of the financial instrument.

More Definitions of ECL

ECL means expected credit loss;

ECL means chapter 43-B of the Consolidated Laws of the State of New York, entitled the Environmental Conservation Law.

ECL means the Environmental Conservation Law;

ECL means the New York Environmental Conservation Law;

ECL means the New York State Environmental Conservation Law.

ECL means the ONE ECL, the Washington Family Holdings ECL and/or the DS ECL;

ECL means the New York Environmental Conservation Law.