Class: CreditEvents

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.

URI: common_domain_model:CreditEvents

 classDiagram
    class CreditEvents
    click CreditEvents href "../CreditEvents/"
      CreditEvents : bankruptcy
        
      CreditEvents : creditEventNotice
        
          
    
        
        
        CreditEvents --> "0..1" CreditEventNotice : creditEventNotice
        click CreditEventNotice href "../CreditEventNotice/"
    

        
      CreditEvents : defaultRequirement
        
          
    
        
        
        CreditEvents --> "0..1" Money : defaultRequirement
        click Money href "../Money/"
    

        
      CreditEvents : distressedRatingsDowngrade
        
      CreditEvents : failureToPay
        
          
    
        
        
        CreditEvents --> "0..1" FailureToPay : failureToPay
        click FailureToPay href "../FailureToPay/"
    

        
      CreditEvents : failureToPayInterest
        
      CreditEvents : failureToPayPrincipal
        
      CreditEvents : governmentalIntervention
        
      CreditEvents : impliedWritedown
        
      CreditEvents : maturityExtension
        
      CreditEvents : obligationAcceleration
        
      CreditEvents : obligationDefault
        
      CreditEvents : repudiationMoratorium
        
      CreditEvents : restructuring
        
          
    
        
        
        CreditEvents --> "0..1" Restructuring : restructuring
        click Restructuring href "../Restructuring/"
    

        
      CreditEvents : writedown
        
      

Slots

Name	Cardinality and Range	Description	Inheritance
bankruptcy	0..1 Boolean	A credit event	direct
failureToPay	0..1 FailureToPay	A credit event	direct
failureToPayPrincipal	0..1 Boolean	A credit event	direct
failureToPayInterest	0..1 Boolean	A credit event	direct
obligationDefault	0..1 Boolean	A credit event	direct
obligationAcceleration	0..1 Boolean	A credit event	direct
repudiationMoratorium	0..1 Boolean	A credit event	direct
restructuring	0..1 Restructuring	A credit event	direct
governmentalIntervention	0..1 Boolean	A credit event	direct
distressedRatingsDowngrade	0..1 Boolean	A credit event	direct
maturityExtension	0..1 Boolean	A credit event	direct
writedown	0..1 Boolean	A credit event	direct
impliedWritedown	0..1 Boolean	A credit event	direct
defaultRequirement	0..1 Money	In relation to certain credit events, serves as a threshold for Obligation Ac…	direct
creditEventNotice	0..1 CreditEventNotice	A specified condition to settlement	direct

Usages

used by	used in	type	used
Trigger	creditEvents	range	CreditEvents
Trigger	creditEventsReference	range	CreditEvents
ProtectionTerms	creditEvents	range	CreditEvents

Identifier and Mapping Information

Annotations

property	value
rosetta_metadata	key

Schema Source

• from schema: https://w3id.org/lmodel/common-domain-model

Mappings

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

LinkML Source

Direct

name: CreditEvents
annotations:
  rosetta_metadata:
    tag: rosetta_metadata
    value: key
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.
from_schema: https://w3id.org/lmodel/common-domain-model
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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    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/cdm_observable_event
    rank: 1000
    domain_of:
    - CreditEvents
    range: CreditEventNotice

Induced

name: CreditEvents
annotations:
  rosetta_metadata:
    tag: rosetta_metadata
    value: key
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.
from_schema: https://w3id.org/lmodel/common-domain-model
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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    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/cdm_observable_event
    rank: 1000
    owner: CreditEvents
    domain_of:
    - CreditEvents
    range: CreditEventNotice