EBU Single Rulebook Q&A 21 July 2020 2020_5380 Obligor level

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European Union · · · 30-07-2021

When applying the default at obligor level for retail, should a credit institution always consider a specific set of individual obligors that have a joint obligation towards an institution as a different obligor (the unit of default takes into consideration the JCO)?

Or is this to be applied only for the materiality threshold?

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