element <distressedRatingsDowngrade> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	xsd:boolean
Content:	simple
Defined:	locally within CreditEvents complexType in fpml-option-shared-5-8.xsd; see XML source

Content Model Diagram

XML Representation Summary
<distressedRatingsDowngrade>
	Content:	{ xsd:boolean }
</distressedRatingsDowngrade>

Included in content model of elements (3):

creditEvents (in creditCurve),

creditEvents (in protectionTerms),

creditEvents (in trigger defined in TriggerEvent complexType)

Annotation

A credit event. Results from the fact that the rating of the reference obligation is downgraded to a distressed rating level. From a usage standpoint, this credit event is typically not applicable in case of RMBS trades.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="distressedRatingsDowngrade" type="xsd:boolean"/>

XML schema documentation generated with DocFlex/XML 1.9.0 using DocFlex/XML XSDDoc 2.8.0 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.