Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 319

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 319
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 credit risk management, the Group considers an
event of default occurs when information developed internally or obtained from external sources indicates that the debtor is unlikely
to pay its creditors, including the Group, in full (without taking into account any collaterals held by the Group).

Irrespective of the above, the Group considers that default
has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to
demonstrate that a more lagging default criterion is more appropriate.

Credit-impaired financial assets

A financial asset is credit-impaired when one or more events
that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset
is credit-impaired includes observable data about the following events:

| a) | significant financial difficulty of the issuer or the borrower; |

| b) | a breach of contract, such as a default or past due event; |

| c) | the lender(s) of the borrower, for economic or contractual                                                                       
 reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would 
 not otherwise consider; or                                                                                                       |

| d) | it is becoming probable that the borrower will enter bankruptcy 
 or other financial reorganization.                              |

Write-off policy

The Group writes off a financial asset when there is information
indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the
counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject
to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. A write-off
constitutes a derecognition event. Any subsequent recoveries are recognized in profit or loss.

Measurement and recognition of ECL

The measurement of ECL is a function of the probability of
default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the
probability of default and loss given default is based on historical data and forward-looking information. Estimation of ECL reflects
an unbiased and probability-weighted amount that is determined with the respective risks of default occurring as the weights.

Generally, the ECL is the difference between all contractual
cash flows that are due to the Group in accordance with the contract and the cash flows that the Group expects to receive, discounted
at