The value property gives the monetary value of the collateral as determined by the institution. It should be noted that this is not the market value or of the collateral.

While in some cases the market value will be equivalent to the value, for less liquid assets, such as property, the value will be the primary number used for calculation of risk ratios such as loan-to-value.

For reverse mortgages, value is the appraised value, used to derive LTV. Reference OSFI Chapter 4, P115.

For mortgages, value used to derive current LTV. Reference OSFI Chapter 4, P91-92.

See also notional_amount