Enum: CreditEventTypeEnum
Represents the enumerated values to specify a credit event type.
URI: common_domain_model:CreditEventTypeEnum
Permissible Values
| Value | Meaning | Description |
|---|---|---|
| Bankruptcy | http://www.fpml.org/coding-scheme/credit-event-type-1-0#Bankruptcy | The reference entity has been dissolved or has become insolvent |
| DistressedRatingsDowngrade | http://www.fpml.org/coding-scheme/credit-event-type-1-0#DistressedRatingsDowngrade | Results from the fact that the rating of the reference obligation is downgrad... |
| FailureToPay | http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPay | This credit event triggers, after the expiration of any applicable grace peri... |
| FailureToPayInterest | http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPayInterest | Corresponds to the failure by the Reference Entity to pay an expected interes... |
| FailureToPayPrincipal | http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPayPrincipal | Corresponds to the failure by the Reference Entity to pay an expected princip... |
| GovernmentalIntervention | http://www.fpml.org/coding-scheme/credit-event-type-1-0#GovernmentalIntervention | A governmental intervention is an event resulting from an action by a governm... |
| ImpliedWritedown | http://www.fpml.org/coding-scheme/credit-event-type-1-0#ImpliedWritedown | Results from the fact that losses occur to the underlying instruments that do... |
| MaturityExtension | http://www.fpml.org/coding-scheme/credit-event-type-1-0#MaturityExtension | Results from the fact that the underlier fails to make principal payments as ... |
| ObligationAcceleration | http://www.fpml.org/coding-scheme/credit-event-type-1-0#ObligationAcceleration | One or more of the obligations have been declared due and payable before they... |
| ObligationDefault | http://www.fpml.org/coding-scheme/credit-event-type-1-0#ObligationDefault | One or more of the obligations have become capable of being declared due and ... |
| RepudiationMoratorium | http://www.fpml.org/coding-scheme/credit-event-type-1-0#RepudiationMoratorium | The reference entity, or a governmental authority, either refuses to recognis... |
| Restructuring | http://www.fpml.org/coding-scheme/credit-event-type-1-0#Restructuring | A restructuring is an event that materially impacts the reference entity's ob... |
| Writedown | http://www.fpml.org/coding-scheme/credit-event-type-1-0#Writedown | Results from the fact that the underlier writes down its outstanding principa... |
Slots
| Name | Description |
|---|---|
| creditEventType | The type of credit event taking place |
Identifier and Mapping Information
Schema Source
- from schema: https://w3id.org/lmodel/common-domain-model
LinkML Source
name: CreditEventTypeEnum
description: Represents the enumerated values to specify a credit event type.
from_schema: https://w3id.org/lmodel/common-domain-model
exact_mappings:
- http://www.fpml.org/coding-scheme/credit-event-type
rank: 1000
permissible_values:
Bankruptcy:
text: Bankruptcy
description: 'The reference entity has been dissolved or has become insolvent.
It also covers events that may be a precursor to insolvency such as instigation
of bankruptcy or insolvency proceedings. Sovereign trades are not subject to
Bankruptcy as ''technically'' a Sovereign cannot become bankrupt. ISDA 2003
Term: Bankruptcy.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#Bankruptcy
DistressedRatingsDowngrade:
text: DistressedRatingsDowngrade
description: Results from the fact that the rating of the reference obligation
is downgraded to a distressed rating level. From a usage standpoint, this credit
event is typically not applicable in case of RMBS trades.
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#DistressedRatingsDowngrade
FailureToPay:
text: FailureToPay
description: 'This credit event triggers, after the expiration of any applicable
grace period, if the reference entity fails to make due payments in an aggregrate
amount of not less than the payment requirement on one or more obligations (e.g.
a missed coupon payment). ISDA 2003 Term: Failure to Pay.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPay
FailureToPayInterest:
text: FailureToPayInterest
description: 'Corresponds to the failure by the Reference Entity to pay an expected
interest amount or the payment of an actual interest amount that is less than
the expected interest amount. ISDA 2003 Term: Failure to Pay Interest.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPayInterest
FailureToPayPrincipal:
text: FailureToPayPrincipal
description: 'Corresponds to the failure by the Reference Entity to pay an expected
principal amount or the payment of an actual principal amount that is less than
the expected principal amount. ISDA 2003 Term: Failure to Pay Principal.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#FailureToPayPrincipal
GovernmentalIntervention:
text: GovernmentalIntervention
description: 'A governmental intervention is an event resulting from an action
by a governmental authority that materially impacts the reference entity''s
obligations, such as an interest rate reduction, principal reduction, deferral
of interest or principal, change in priority ranking, or change in currency
or composition of payment. ISDA 2014 Term: Governmental Intervention.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#GovernmentalIntervention
ImpliedWritedown:
text: ImpliedWritedown
description: Results from the fact that losses occur to the underlying instruments
that do not result in reductions of the outstanding principal of the reference
obligation.
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#ImpliedWritedown
MaturityExtension:
text: MaturityExtension
description: Results from the fact that the underlier fails to make principal
payments as expected.
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#MaturityExtension
ObligationAcceleration:
text: ObligationAcceleration
description: 'One or more of the obligations have been declared due and payable
before they would otherwise have been due and payable as a result of, or on
the basis of, the occurrence of a default, event of default or other similar
condition or event other than failure to pay (preferred by the market over Obligation
Default, because more definitive and encompasses the definition of Obligation
Default - this is more favorable to the Seller). Subject to the default requirement
amount. ISDA 2003 Term: Obligation Acceleration.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#ObligationAcceleration
ObligationDefault:
text: ObligationDefault
description: 'One or more of the obligations have become capable of being declared
due and payable before they would otherwise have been due and payable as a result
of, or on the basis of, the occurrence of a default, event of default or other
similar condition or event other than failure to pay. ISDA 2003 Term: Obligation
Default.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#ObligationDefault
RepudiationMoratorium:
text: RepudiationMoratorium
description: 'The reference entity, or a governmental authority, either refuses
to recognise or challenges the validity of one or more obligations of the reference
entity, or imposes a moratorium thereby postponing payments on one or more of
the obligations of the reference entity. Subject to the default requirement
amount. ISDA 2003 Term: Repudiation/Moratorium.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#RepudiationMoratorium
Restructuring:
text: Restructuring
description: 'A restructuring is an event that materially impacts the reference
entity''s obligations, such as an interest rate reduction, principal reduction,
deferral of interest or principal, change in priority ranking, or change in
currency or composition of payment. ISDA 2003 Term: Restructuring.'
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#Restructuring
Writedown:
text: Writedown
description: Results from the fact that the underlier writes down its outstanding
principal amount.
meaning: http://www.fpml.org/coding-scheme/credit-event-type-1-0#Writedown