Contract Type
Contract Type
Acronym: CT
Identifier: contractType
Group: Contract identification
Type: Enum
Default: ``
Description
The ContractType is the most important information. It defines the cash flow generating pattern of a contract. The ContractType information in combination with a given state of the risk factors will produce a deterministic sequence of cash flows which are the basis of any financial analysis.
Allowed Values
- Principal at Maturity (
PAM
) (principalAtMaturity
/0
): Lending agreements with full amortization at maturity. - Annuity (
ANN
) (annuity
/1
): Lending agreements with fixed periodic payments consisting of an interest and principal portion. The periodic payments are adjusted for variable rate instruments such that maturity remains fixed. - Negative Amortizer (
NAM
) (negativeAmortizer
/2
): Lending agreements with fixed periodic payments consisting of an interest and principal portion. Maturity changes for variable rate instruments. - Linear Amortizer (
LAM
) (linearAmortizer
/3
): Lending agreements with fixed principal repayment amounts and variable interest payments. - Exotic Linear Amortizer (
LAX
) (exoticLinearAmortizer
/4
): Lending agreements with exotic repayment schedules. - Call Money (
CLM
) (callMoney
/5
): Lonas that are rolled over as long as they are not called. Once called it has to be paid back after the stipulated notice period. - Undefined Maturity Profile (
UMP
) (undefinedMaturityProfile
/6
): Interest paying cash accounts (current / savings / etc.). - Cash (
CSH
) (cash
/7
): Represents cash holdings. - Stock (
STK
) (stock
/8
): Represents stocks/shares/equity. - Commodity (
COM
) (commodity
/9
): Represents commodities. - Swap (
SWAPS
) (swap
/10
): An agreement of swapping two legs such as fixed against variable or currency 1 against currency 2 etc. - Plain Vanilla Swap (
SWPPV
) (plainVanillaSwap
/11
): Plain vanilla interest rate swaps. - Foreign Exchange Outright (
FXOUT
) (foreignExchangeOutright
/12
): An agreement of swapping two cash flows in different currencies at a future point in time. - Cap and Floor (
CAPFL
) (capFloor
/13
): An agreement of paying the differential (cap or floor) of a reference rate versus a fixed rate. - Future (
FUTUR
) (future
/14
): An agreement of exchanging an underlying instrument against a fixed price in the future. - Option (
OPTNS
) (option
/15
): Different types of options on buying an underlying instrument at a fixed price in the future. - Credit Enhancement Guarantee (
CEG
) (creditEnhancementGuarantee
/16
): A guarantee / letter of credit by a third party on the scheduled payment obligations of an underlying instrument - Credit Enhancement Collateral (
CEC
) (creditEnhancementCollateral
/17
): A collateral securing the scheduled payment obligations of an underlying instrument