Class: CreditEvents

name: CreditEvents
annotations:
  metadata_key:
    tag: metadata_key
    value: true
description: A class to specify the applicable Credit Events that would trigger a
  settlement, as specified in the related Confirmation and defined in the ISDA 2014
  Credit Definition article IV section 4.1.
in_subset:
- cdm_observable_event
from_schema: https://w3id.org/lmodel/common-domain-model
slots:
- bankruptcy
- failureToPay
- failureToPayPrincipal
- failureToPayInterest
- obligationDefault
- obligationAcceleration
- repudiationMoratorium
- restructuring
- governmentalIntervention
- distressedRatingsDowngrade
- maturityExtension
- writedown
- impliedWritedown
- defaultRequirement
- creditEventNotice
slot_usage:
  failureToPay:
    name: failureToPay
    description: 'A credit event. This credit event triggers, after the expiration
      of any applicable grace period, if the reference entity fails to make due payments
      in an aggregate 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.'
    range: FailureToPay

name: CreditEvents
annotations:
  metadata_key:
    tag: metadata_key
    value: true
description: A class to specify the applicable Credit Events that would trigger a
  settlement, as specified in the related Confirmation and defined in the ISDA 2014
  Credit Definition article IV section 4.1.
in_subset:
- cdm_observable_event
from_schema: https://w3id.org/lmodel/common-domain-model
slot_usage:
  failureToPay:
    name: failureToPay
    description: 'A credit event. This credit event triggers, after the expiration
      of any applicable grace period, if the reference entity fails to make due payments
      in an aggregate 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.'
    range: FailureToPay
attributes:
  bankruptcy:
    name: bankruptcy
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  failureToPay:
    name: failureToPay
    description: 'A credit event. This credit event triggers, after the expiration
      of any applicable grace period, if the reference entity fails to make due payments
      in an aggregate 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - EnforcementEvent
    - CreditEvents
    range: FailureToPay
  failureToPayPrincipal:
    name: failureToPayPrincipal
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    - FloatingAmountEvents
    range: boolean
  failureToPayInterest:
    name: failureToPayInterest
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  obligationDefault:
    name: obligationDefault
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  obligationAcceleration:
    name: obligationAcceleration
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  repudiationMoratorium:
    name: repudiationMoratorium
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  restructuring:
    name: restructuring
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: Restructuring
  governmentalIntervention:
    name: governmentalIntervention
    description: 'A credit event. 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.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  distressedRatingsDowngrade:
    name: distressedRatingsDowngrade
    description: A credit event. Results from the fact that the rating of the reference
      obligation is down-graded to a distressed rating level. From a usage standpoint,
      this credit event is typically not applicable in case of RMBS trades.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  maturityExtension:
    name: maturityExtension
    description: A credit event. Results from the fact that the underlier fails to
      make principal payments as expected.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: boolean
  writedown:
    name: writedown
    description: A credit event. Results from the fact that the underlier writes down
      its outstanding principal amount.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    - FloatingAmountEvents
    range: boolean
  impliedWritedown:
    name: impliedWritedown
    description: A credit event. 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.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    - FloatingAmountEvents
    range: boolean
  defaultRequirement:
    name: defaultRequirement
    description: 'In relation to certain credit events, serves as a threshold for
      Obligation Acceleration, Obligation Default, Repudiation/Moratorium and Restructuring.
      Market standard is USD 10,000,000 (JPY 1,000,000,000 for all Japanese Yen trades).
      This is applied on an aggregate or total basis across all Obligations of the
      Reference Entity. Used to prevent technical/operational errors from triggering
      credit events. ISDA 2003 Term: Default Requirement.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: Money
  creditEventNotice:
    name: creditEventNotice
    description: 'A specified condition to settlement. An irrevocable written or verbal
      notice that describes a credit event that has occurred. The notice is sent from
      the notifying party (either the buyer or the seller) to the counterparty. It
      provides information relevant to determining that a credit event has occurred.
      This is typically accompanied by Publicly Available Information. ISDA 2003 Term:
      Credit Event Notice.'
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: CreditEventNotice