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Rune Testing is a java library that is utilised by Rosetta Code Generators and models expressed in the Rosetta DSL.
<?xml version="1.0" encoding="UTF-8"?>
<gcl:CodeList xmlns:gcl="http://xml.genericode.org/2004/ns/CodeList/0.2/" xmlns:doc="http://www.fpml.org/coding-scheme/documentation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://xml.genericode.org/2004/ns/CodeList/0.2/ CodeList.xsd">
<Annotation>
<Description>
<doc:definition>Defines a scheme of values for specifying the type of credit
event.</doc:definition>
<doc:publicationDate>2022-11-18</doc:publicationDate>
</Description>
</Annotation>
<Identification>
<ShortName>creditEventTypeScheme</ShortName>
<Version>1.0</Version>
<CanonicalUri>http://www.fpml.org/coding-scheme/credit-event-type</CanonicalUri>
<CanonicalVersionUri>http://www.fpml.org/coding-scheme/credit-event-type-1-0</CanonicalVersionUri>
<LocationUri>http://www.fpml.org/coding-scheme/credit-event-type-1-0.xml</LocationUri>
</Identification>
<ColumnSet>
<Column Id="Code" Use="required">
<ShortName>Code</ShortName>
<Data Type="token">
<Parameter ShortName="maxLength">63</Parameter>
</Data>
</Column>
<Column Id="Source" Use="optional">
<ShortName>Source</ShortName>
<Data Type="string"/>
</Column>
<Column Id="Description" Use="optional">
<ShortName>Description</ShortName>
<Data Type="string"/>
</Column>
<Key Id="PrimaryKey">
<ShortName>key</ShortName>
<ColumnRef Ref="Code"/>
</Key>
</ColumnSet>
<SimpleCodeList>
<Row>
<Value>
<SimpleValue>Bankruptcy</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>The reference entity has been dissolved or has become insolvent. It also
covers events that may be a precursor to insolvency such as instigation of
bankruptcy or insolvency proceedings. Sovereign trades are not subject to
Bankruptcy as "technically" a Sovereign cannot become bankrupt. ISDA 2003 Term:
Bankruptcy.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>DistressedRatingsDowngrade</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>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.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>FailureToPay</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>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.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>FailureToPayInterest</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corresponds to the failure by the Reference Entity to pay an expected
interest amount or the payment of an actual interest amount that is less than
the expected interest amount. ISDA 2003 Term: Failure to Pay
Interest.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>FailureToPayPrincipal</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corresponds to the failure by the Reference Entity to pay an expected
principal amount or the payment of an actual principal amount that is less than
the expected principal amount. ISDA 2003 Term: Failure to Pay
Principal.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>GovernmentalIntervention</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A governmental intervention is an event resulting from an action by a
governmental authority that materially impacts the reference entity's
obligations, such as an interest rate reduction, principal reduction, deferral
of interest or principal, change in priority ranking, or change in currency or
composition of payment. ISDA 2014 Term: Governmental Intervention.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>ImpliedWritedown</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Results from the fact that losses occur to the underlying instruments
that do not result in reductions of the outstanding principal of the reference
obligation.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>MaturityExtension</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Results from the fact that the underlier fails to make principal payments
as expected.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>ObligationAcceleration</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>One or more of the obligations have been declared due and payable before
they would otherwise have been due and payable as a result of, or on the basis
of, the occurrence of a default, event of default or other similar condition or
event other than failure to pay (preferred by the market over Obligation
Default, because more definitive and encompasses the definition of Obligation
Default - this is more favorable to the Seller). Subject to the default
requirement amount. ISDA 2003 Term: Obligation Acceleration.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>ObligationDefault</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>One or more of the obligations have become capable of being declared due
and payable before they would otherwise have been due and payable as a result
of, or on the basis of, the occurrence of a default, event of default or other
similar condition or event other than failure to pay. ISDA 2003 Term: Obligation
Default.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>RepudiationMoratorium</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>The reference entity, or a governmental authority, either refuses to
recognise or challenges the validity of one or more obligations of the reference
entity, or imposes a moratorium thereby postponing payments on one or more of
the obligations of the reference entity. Subject to the default requirement
amount. ISDA 2003 Term: Repudiation/Moratorium.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Restructuring</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A restructuring is an event that materially impacts the reference
entity's obligations, such as an interest rate reduction, principal reduction,
deferral of interest or principal, change in priority ranking, or change in
currency or composition of payment. ISDA 2003 Term: Restructuring.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Writedown</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Results from the fact that the underlier writes down its outstanding
principal amount.</SimpleValue>
</Value>
</Row>
</SimpleCodeList>
</gcl:CodeList>