Difference between revisions of "Failure To Pay Interest"

From Open Risk Manual
(Initial Entry)
 
 
Line 1: Line 1:
 
== Definition ==
 
== Definition ==
'''Failure To Pay Interest'''. 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. Further notes: A credit event. ISDA 2003 Term: Failure to Pay Interest. FpML full definition: '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.'
+
'''Failure To Pay Interest'''. 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. A [[Credit Event]]
  
  

Latest revision as of 11:09, 31 March 2021

Definition

Failure To Pay Interest. 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. 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.