Atlas / Glossary / Exposure at default (EAD)Exposure at default (EAD) How much is expected to be outstanding at the moment a borrower defaults — not the current balance, because undrawn facilities tend to be drawn on the way down.
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Where Exposure at default is explained in depth The definition above is the short version. These pages put it to work, in the order they use it most:
Calculators that compute it Terms this definition uses The whole glossary
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