Skip to content
common-domain-model

Enum: CreditEventTypeEnum

Represents the enumerated values to specify a credit event type.

URI: common_domain_model:CreditEventTypeEnum

Permissible Values

Section titled “Permissible Values”
Value Meaning Description
Bankruptcy None The reference entity has been dissolved or has become insolvent
DistressedRatingsDowngrade None Results from the fact that the rating of the reference obligation is downgrad…
FailureToPay None This credit event triggers, after the expiration of any applicable grace peri…
FailureToPayInterest None Corresponds to the failure by the Reference Entity to pay an expected interes…
FailureToPayPrincipal None Corresponds to the failure by the Reference Entity to pay an expected princip…
GovernmentalIntervention None A governmental intervention is an event resulting from an action by a governm…
ImpliedWritedown None Results from the fact that losses occur to the underlying instruments that do…
MaturityExtension None Results from the fact that the underlier fails to make principal payments as …
ObligationAcceleration None One or more of the obligations have been declared due and payable before they…
ObligationDefault None One or more of the obligations have become capable of being declared due and …
RepudiationMoratorium None The reference entity, or a governmental authority, either refuses to recognis…
Restructuring None A restructuring is an event that materially impacts the reference entity’s ob…
Writedown None Results from the fact that the underlier writes down its outstanding principa…

Slots

Section titled “Slots”
Name Description
creditEventType The type of credit event taking place

See Also

Section titled “See Also”

Identifier and Mapping Information

Section titled “Identifier and Mapping Information”

Annotations

Section titled “Annotations”
property value
doc_reference ISDA FpML_Coding_Scheme schemeLocation http://www.fpml.org/coding-scheme/credit-event-type

Schema Source

Section titled “Schema Source”

LinkML Source

Section titled “LinkML Source”
name: CreditEventTypeEnum
annotations:
  doc_reference:
    tag: doc_reference
    value: ISDA FpML_Coding_Scheme schemeLocation http://www.fpml.org/coding-scheme/credit-event-type
description: Represents the enumerated values to specify a credit event type.
from_schema: https://w3id.org/lmodel/common-domain-model
see_also:
- 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.'
  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.
  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.'
  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.'
  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.'
  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.'
  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.
  MaturityExtension:
    text: MaturityExtension
    description: Results from the fact that the underlier fails to make principal
      payments as expected.
  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.'
  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.'
  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.'
  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.'
  Writedown:
    text: Writedown
    description: Results from the fact that the underlier writes down its outstanding
      principal amount.