Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  1. Point in time
    2007-03-22

probability of default

43(in accordance with Article 4(25) of the Banking Consolidation Directive (Definitions)) the probability of default of a counterparty over a one year period; for the purposes of the IRB approach, default has the meaning in the definition of default.