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.