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Chapter 6 — Purchased Credit-Deteriorated Assets

6.2 Scope of the PCD Model

6.2 Scope of the PCD Model

The ASC master glossary defines PCD assets as follows:
Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer’s assessment.

Footnotes