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Term Definition Legal instruments

credit risk


means the risk of loss, or of adverse change, in the financial situation, resulting from fluctuations in the credit standing of issuers of securities, counterparties and any debtors to which a Solvency II undertaking is exposed, in the form of counterparty default risk, or spread risk, or market risk concentrations.

Additional Notes

[Note: Art. 13(32) of the Solvency II Directive]