Senior unsecured recovery 40% (ISDA convention)
| source | ISDA Master Agreement convention |
| derivation | published_source |
| quality | published |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-06-30 |
Used in CVA calculation; distinct from A-037 which is by-seniority for bond-side.