element <failureToPay> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | FailureToPay
Content: | complex, 3 elements
Defined: | locally witnin CreditEvents complexType in fpml-option-shared-5-3.xsd; see XML source

Content Model Diagram

XML Representation Summary
<failureToPay>
Content: | applicable, gracePeriodExtension?, paymentRequirement?
</failureToPay>

Content model elements (3):

  applicable (in failureToPay), gracePeriodExtension, | paymentRequirement

Included in content model of elements (3):

  creditEvents (defined in ProtectionTerms complexType),
  creditEvents (in creditCurve),
  creditEvents (in trigger defined in TriggerEvent complexType)

Annotation
A credit event. This credit event triggers, after the expiration of any applicable grace period, if the reference entity fails to make due payments in an aggregrate amount of not less than the payment requirement on one or more obligations (e.g. a missed coupon payment). ISDA 2003 Term: Failure to Pay.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="failureToPay" type="FailureToPay"/>

XML schema documentation generated with DocFlex/XML 1.8.6b2 using DocFlex/XML XSDDoc 2.5.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.