Skip to content

Slot: defaultRequirement

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.

URI: common_domain_model:defaultRequirement

Applicable Classes

Name Description Modifies Slot
CreditEvents A class to specify the applicable Credit Events that would trigger a settleme... no

Properties

Type and Range

Property Value
Range Money
Domain Of CreditEvents

Cardinality and Requirements

Property Value

Identifier and Mapping Information

Schema Source

Mappings

Mapping Type Mapped Value
self common_domain_model:defaultRequirement
native common_domain_model:defaultRequirement

LinkML Source

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
domain_of:
- CreditEvents
range: Money