CDS Periodic Payment Schedule

From Open Risk Manual


CDS Periodic Payment Schedule. The schedule of fixed amounts to be paid on specified payment dates.

The amount can be specified in terms of a known currency amount or as an amount calculated on a formula basis by reference to a per annum fixed rate. The applicable business day convention and business day for adjusting any fixed rate payer payment date if it would otherwise fall on a day that is not a business day are to be specified. Review notes: Note that both of the above possibilities refer to the amount, not the determination of dates. It is assumed that this is always a specification of how to determine the dates (a schedule specification) and not an explicit list of dates and amounts on each date. If the latter is applicable, a term for this needs to be added as a type of "Explicit Schedule".


This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

Contributors to this article

» Wiki admin