Skip to main content

Guarantee (CEG)

Description​

Guarantee creates a relationship between a guarantor, an obligee and a debtor, moving the exposure from the debtor to the guarantor.

Real-world Instrument Examples (but not limited to)​

Personal guarantee. Government guarantee. Underlyings of CDO´s.

Required Terms​

  • contractDealDate
  • contractID
  • contractRole
  • contractStructure
  • contractType
  • counterpartyID
  • creatorID
  • currency
  • guaranteedExposure
  • statusDate

Conditional Groups​

Group 1​

  • Drivers: feeRate
  • Required if triggered: feeBasis
  • Optional: cycleAnchorDateOfFee, cycleOfFee, feeAccrued

Group 5​

  • Drivers: purchaseDate
  • Required if triggered: priceAtPurchaseDate
  • Optional: None

Group 6​

  • Drivers: terminationDate
  • Required if triggered: priceAtTerminationDate
  • Optional: None

Group 7​

  • Drivers: exerciseDate
  • Required if triggered: exerciseAmount
  • Optional: None

Standalone Optional Terms​

  • businessDayConvention
  • calendar
  • contractPerformance
  • coverageOfCreditEnhancement
  • creditEventTypeCovered
  • delinquencyPeriod
  • delinquencyRate
  • endOfMonthConvention
  • gracePeriod
  • maturityDate
  • nonPerformingDate
  • notionalPrincipal
  • settlementCurrency
  • settlementPeriod

Notes​

  • contractType is automatically set to "CEG" when using the class.