insolvency_rank

The insolvency_rank attribute captures the priority of a claim or instrument in the applicable insolvency hierarchy and is a positive integer.

This is a legal ordering concept. Bank Recovery and Resolution Directive 2014/59/EU, Article 108 (Ranking in insolvency hierarchy) addresses creditor ranking in bank insolvency. FIRE stores the rank as understood under the applicable national legal framework; the numeric representation is a FIRE convention.

Read the EUR-Lex consolidated text (14 November 2024) or the corresponding EBA Single Rulebook entry.