Tranche Non Payment

From Open Risk Manual

Definition

Tranche Non Payment. Failure of a tranche of a tranched security to pay out. This may or may not be interpreted as a credit event.


Disclaimer

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.