Loss Given Default Application (LGD)
- Risk Management
Prescio Loss Given Default (LGD) application was designed and developed to calculate the Loss in percentage terms vis-a-vis the Outstanding Loan Amount at the time of default plus any advances given after default-Repayments.
Historical or old LGD Data may be used to predict future losses (losses made in future by these loans when they actually become defaulting) of potential defaulting loans (loans which are not defaulting today but are likely to default in future).
Prescio LGD is a Windows based multi-user application, developed in Visual Basic that supports MS Office 2003/2007 as input files.