Type of protection valuation; method used to determine the protection value.
Variables defined on the domain
|1||Counterparty estimation||Valuation method whereby the valuation is carried out by the provider of the protection.|
|2||Creditor valuation||Valuation method whereby the valuation is carried out by the creditor: valuation undertaken by an external or staff appraiser who possesses the necessary qualifications, ability and experience to execute a valuation and who is not independent from the credit decision process.|
|3||Mark-to-market||Valuation method whereby the protection value is based on unadjusted quoted prices for identical assets and liabilities in an active market.|
|4||Other type of valuation||Other type of valuation not included in any other valuation categories.|
|5||Third-party valuation||Valuation method in which the valuation is provided by an appraiser who is independent from the credit decision process.|