The probability to Default (PD) Term Structure

Oracle's LLFP application enables you or the customer to provide a series of Probability of Default (PD) values across multiple periods - a PD Term Structure either as a download or compute the same through the seeded model. This PD term structure is used in computations of Expected Cash flows and Expected Credit Loss. The PD values are generally outputs of models that are specific to a set of product portfolios wherein they generate a series of PD values for different Ratings or DPD bands.