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Post# of 796580
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Wise Man

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Wise Man

Re: Donotunderstand post# 595884

Wednesday, 03/04/2020 2:24:49 PM

Wednesday, March 04, 2020 2:24:49 PM

Post# of 796580
Current Expected Credit Losses in their portfolios. The new accounting standard that took effect on January 1st, substituting the Incurred Loss accounting (individually impaired loans).
They expect to lose very little because the collateral covers the loans. Weighted Average LTV 57%.

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