Controllership
What is the #1 risk finance rule when submitting an offer that meets the probable loss criteria?
Ensuring the offer has a time validity, beyond which it would expire
What is the country within EMEA with more than 5 CSAs with the lowest average CM%?
Turkey - 33%
In P5DC, why does waiting longer to sign a renegotiation usually make the outcome more punitive
Because CTD% increases with time, making CC more sensitive
How frequently are CMRs performed?
Annually
How much DB writeoff was booked as a result of Calon's bankruptcy in 2020? +/- 10M
$94M
How is an amendment changing GEV's legal entity and address defined in controllership jargon?
Perfunctory amendment
Which country in EMEA has most active CSAs as of 2Q25?
Italy (19)
How much range % do we have around stated FMVs for carveouts to consider the explicit price as FMV?
+/-25% from the stated FMV
Yes, CRB and pricing/P5 DoA would need to be obtained in parallel when offers include concessionary terms.
0
What's the name of the quarterly controllership review where top exposures are reviewed & discussed?
High Risk Review
What's the latest backlog for EMEA CSAs (2Q25)
14B (8B MENA, 5B EU, 0.3B SSA)
Do tariff adders impact DB Impairment calcs?
No
What happens when CTG/BTG is changed by more than 5% during a reneg?
Reset accounting is triggered
1999
Is "Probably Loss" an accounting term?
Of course NOT!
What is the average Portfolio CM% across EMEA's CSAs? Has to be +-5pts to the correct figure
53%
What is the maximum CC hit in P5DC relative to the DB exposure?
The DB exposure itself
What is the FMV of HE upgrades for 2025? (Full carveout)
FMV does not exist on HE
Which technology contributes the single largest share of backlog value in the EMEA fleet?
9F with ~35%
What type of contract is booked when the CM% turns negative, requiring recognition of expected future losses?
A loss contract
What is the latest estimate for 2025 MYA (CSA + MMPs) for EMEA? For full points, needs to be within 100M range
2.7B
What is upgrade financing?
It's the amount missing to reach the lower boundary of FMVs when carving out upgrades. This amount is removed from the CSA price & discounted to day 0.
What are the three criteria that must be met for something to qualify as a concession?
Provision of value, related to perceived GE fault, arising from past obligations.
Approx 7% - $3.5B out of 52B assets