EBU Single Rulebook Q&A 7 March 2019 2019_4599 Calculation of the number of obligors

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European Union · · · 11-02-2022

In EBA/GL/2017/16 paragraph 73 it is explained that in the calculation of the one-year default rates the number of obligors is used. Is it always mandatory to count one legal entity as one obligor, or can a group of legal entities for which there is no difference in risk due to an appropriate guarantee (i.e. those will default together) be counted as one obligor?

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