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What is the definition of a "classification trigger"? As it is used by banks or in...

What is the definition of a "classification trigger"? As it is used by banks or in the finance industry

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Classification trigger is defined as the number of days indicated as a quantitative trigger that needs to be added on top of the first 30 days past due. As for the quantitative criteria in banking, a loan is classified as “watch” as soon as it falls into arrears; however, the terms “overdue” or “past due” are reserved for loans in arrears for more than 30 days.

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