Skip to main content

Collateral (CEC)

Description​

Collateral creates a relationship between a collateral an obligee and a debtor, covering the exposure from the debtor with the collateral.

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

Mortgages include a collateral contract. Any coverage with financial or physical collateral.

Required Terms​

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

Conditional Groups​

Group 7​

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

Standalone Optional Terms​

  • businessDayConvention
  • calendar
  • coverageOfCreditEnhancement
  • creditEventTypeCovered
  • endOfMonthConvention
  • settlementPeriod

Notes​

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