Stress Case definition
Stress Case means the estimated credit losses for all Organic Loans held by the Company as determined by the application of a stress factor to the expected loss frequency and an adjusted expected auction recovery rate on expected repossessed assets against the Base Case, consistent with the Company’s methodology and application of these factors at July 31, 2011. At July 31, 2011 the Stress Case applied a stress factor of 135% on the base case loss frequency and a 35% auction recovery rate on expected repossessed assets.
Examples of Stress Case in a sentence
The Stress Case Price Discount and the Market Value set forth in Exhibit I has been determined on the date hereof in accordance with Sections 3.01(c) and 3.02, respectively, of the Administration Agreement.