Loans can be suspended in different ways. The suspensions can relate to different cash flow types. Firstly however, the focus will be on suspending loan repayments. Since this applies to repayments, interest, annuities as well as charges etc., suspensions basically affect all claims. Payouts and credit notes are not affected.
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A deferral is a postponement of an expected open due payment. Deferrals always refer to receivables that have already passed their due dates and have not yet been settled. The aim of a deferral is to overcome short-term liquidity bottlenecks of a borrower and to offset a late payment or possible default. A deferral always involves an adjustment of the contract. |