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Credit Event Type Covered

Credit Event Type Covered​

Acronym: CETC
Identifier: creditEventTypeCovered
Group: Counterparty
Type: Enum[]
Default: DF

Description​

The type of credit events covered e.g. in credit enhancement or credit default swap contracts. Only the defined credit event types may trigger the protection.

Allowed Values​

  • Delayed (DL) (delayed / 0): Delay of the underlying represents a credit event.
  • Delinquent (DQ) (delinquent / 1): Delinquency of the underlying represents a credit event.
  • Default (DF) (default / 2): Default of the underlying represents a credit event.