First Loss Default Guarantee (FLDG)
Mitigating Risks, Empowering Growth
First Loss Default Guarantee (FLDG) is a risk mitigation mechanism used in financial transactions, particularly in lending and investment scenarios. It involves a third party, often a guarantor or insurer, agreeing to cover a predetermined portion of losses incurred by the lender or investor in the event of borrower default.
Key Features of FLDG:
- Risk Mitigation: FLDG provides a safety net for lenders and investors by limiting their exposure to potential losses.
- Third-Party Involvement: A guarantor or insurer assumes responsibility for covering losses up to a specified limit.
- Defined Coverage: The guarantee typically covers a predetermined percentage of the total loan or investment amount.
- Encourages Lending: FLDG can encourage lenders to provide loans to higher-risk borrowers by reducing their perceived risk.