An IB Loan, in the context defined here, refers to a loan substantially effected through the CFB IB Operation. It also encompasses other loan types or categories and amounts agreed upon by relevant parties, along with accrued interest, servicing rights, and associated records.
In more detail, an IB loan includes the following components:
- Loans Effected Through CFB IB Operation: This is the primary defining characteristic. The loan needs to be significantly processed or originated through the CFB IB Operation.
- Agreed-Upon Loan Types: Extends beyond just CFB IB Operation originated loans to include other kinds of loans the involved parties specifically agree to categorize as IB Loans. The agreement will define which categories and amounts qualify.
- Accrued Interest Receivable: The total accumulated interest that is due to be paid on the loan.
- Related Servicing Rights: The rights to manage and administer the loan, including collecting payments and managing any potential defaults.
- Associated Records: All documentation pertaining to the loan, including the application, approval, and payment history.
Essentially, an IB loan is a loan that fits within a specific framework, often involving a particular operation or set of agreements that define its characteristics and administration. Without context to a specific CFB IB Operation or other agreed-upon definition, this term would be generally ambiguous.
