> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Instrument_LGD

> Reference for the Instrument_LGD configuration file, which sets the Loss Given Default rate for each DRC non-securitization instrument type, including equity, junior debt, senior debt, covered bonds, and unlinked instruments.

export function renderConfigIntro(fileName, description, storeName = "") {
  const cleanDescription = (description ?? "").trim();
  const sentence = cleanDescription && !cleanDescription.endsWith(".") ? `${cleanDescription}.` : cleanDescription;
  const cleanStore = (storeName ?? "").trim();
  return <p>
      The <strong>{fileName}.csv</strong> file {sentence}
      {cleanStore ? <>
          {" "}
          It is loaded into the <strong>{cleanStore}</strong> store.
        </> : null}
    </p>;
}

{renderConfigIntro("Instrument_LGD", "provides the DRC non-Sec Loss Given Default (LGD).", "InstrumentToLGD")}

## File format

| Field name   | Description                                                       |
| ------------ | ----------------------------------------------------------------- |
| Instrument   | The instrument type                                               |
| LGD          | The LGD for the instrument type                                   |
| Date         | The start date that the parameter takes effect                    |
| ParameterSet | The parameter set to which the parameter belongs (default = BCBS) |

## File values

| Instrument   | LGD  | Date       | ParameterSet |
| ------------ | ---- | ---------- | ------------ |
| equity       | 1    | 2016-01-01 |              |
| junior debt  | 1    | 2016-01-01 |              |
| senior debt  | 0.75 | 2016-01-01 |              |
| covered bond | 0.25 | 2016-01-01 |              |
| unlinked     | 0    | 2016-01-01 |              |