probability of default
as defined in CRR, Article 4(1), point (54) (Definitions)
the probability of default of a counterparty over a one year period
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Also defined in
- Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and… 32006L0048, Article 4, point (25)
the probability of default of a counterparty over a one year period;