+2. Reduced payments Decrease in the amount of See ‘1. Interest only’. repayment instalments over a …

2. Reduced payments Decrease in the amount of See ‘1. Interest only’. repayment instalments over a …

Reduced paymentsDecrease in the amount of repayment instalments over a defined short-term period in order to accommodate the borrower’s affected cash flow situation, before continuing with the repayments on the basis of projected repayment ability. The interest remains to be paid in full.See ‘1. Interest only’. If the amount of the payment reduction is moderate and all other conditions mentioned above are met, this measure could be applied for a period longer than 24 months.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/