Materiality for revolving exposures in Definition of Default

[User 855]

When counting dpd for revolving facilities, there is a question which arises – if I have an overdraft of £1,000 and have gone overdrawn by £100, is the amount for materiality assessment £100 or the full amount of the overdraft and amount over limit, i.e. £1,100

Keen for views from what we have seen at different banks / any challenges from regulators

Thanks