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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>Various features associated with a given facility.</doc:definition>
<doc:publicationDate>2019-10-31</doc:publicationDate>
</Description>
</Annotation>
<Identification>
<ShortName>facilityFeatureScheme</ShortName>
<Version>1-1</Version>
<CanonicalUri>http://www.fpml.org/coding-scheme/facility-feature</CanonicalUri>
<CanonicalVersionUri>http://www.fpml.org/coding-scheme/facility-feature-1-1</CanonicalVersionUri>
<LocationUri>http://www.fpml.org/coding-scheme/facility-feature-1-1.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>ABL</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Asset -Based Loan (ABL): a loan that is secured by specific assets
(typically receivables or inventory) an made on the basis of a borrowing formula
(borrowing base) that reflects a percentage of the value of such
assets.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Acquisition</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A specific type of loan that typically cannot be reborrowed. Funds can be
drawn down from the line of credit only for a specific period of time and only
to purchase specified assets.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Add-On</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>An increase to an existing facility.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Advance</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>An individual borrowing under a credit facility.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>BankersAcceptance</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A promised future payment, or time draft, which is accepted and
guaranteed by a bank and drawn on a deposit at the bank. The banker's acceptance
specifies the amount of money, the date, and the person to which the payment is
due. After acceptance, the draft becomes an unconditional liability of the bank.
But the holder of the draft can sell (exchange) it for cash at a discount to a
buyer who is willing to wait until the maturity date for the funds in the
deposit.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Bridge</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A Credit Facility pursuant to which Lenders make Bridge Loans which are
short-term loans (generally maturing in one year) that typically (although not
always) are not intended to be funded. The purpose of the Bridge Loan is to
provide a bidder with a committed financing in the context of an action for a
business in case the Notes offering contemplated as part of the acquisition
financing cannot be consummated prior to the consumption of the acquisition
(i.e., to "bridge" the gap in financing). Traditionally, Bridge Loans are used
by Financial Buyers (Sponsors) in auction situations, but corporate buyers also
sometimes use Bridge Loans to finance acquisitions. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Capex</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A facility whose loans are used to fund capital expenditures which are
defined as any expenditure in respect of a capital asset of the borrower, i.e.,
an expenditure that does not flow through the borrower's income
statement.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>DIP</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Debtor-In-Possession (DIP Loan Facility: A credit agreement entered into
by a borrower during the course of its Chapter 11 bankruptcy case, which is
secured and has priority over existing debt and other claims. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Exit</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Financing that takes place when a debtor is ready to confirm a plan and
exit Bankruptcy. It is through Exit Financing that the debtor is able to fund
its plan of reorganization. In most, if not all, plans of reorganization, Exit
Financing is required to be available before a debtor can reach the effective
date for its plan. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Extended</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Credit Facility that is extended beyond its original maturity date. When
all or a portion of the initial facilitiy remains and is not extended, the
extended portion becomes a new facility. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Guarantee</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A Guarantor's agreement to purchase or otherwise become contingently
liable for the debts or other obligations of another entity. With respect to a
group of companies guarantees can be "upstream" (a subsidiary guaranteeing debt
of its parent), "cross-stream" (a subsidiary guaranteeing debt of a "sister"
company, where both are ultimately owned by the same parent) and "downstream" (a
parent guaranteeing debt of a subsidiary).</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Incremental</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A post-Closing addition to an existing Credit Facility on substantially
the same terms as the existing Credit Facility, typically used to finance
acquisitions, investments or even dividends. The existing Lenders do not
precommit to provide the Incremental Facility, but do pre-approve the
incremental leverage. At the time the Borrower desires to add on to the existing
Credit Facility, it must seek new commitments from existing or new Lenders.
Incremental Facility debt is additional Secured Debt that shares Collateral with
the pre-existing First or Second Lien Debt. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Mezzanine</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>An unsecured debt instrument with certain equity-like characteristics.
The Mezzanine component of a capital structure is subordinate in right of
payment to Senior Debt and carries a coupon similar to high yield bonds.
Mezzanine debt is often issued at the holdco level. Mezzanine debt often has
equity features, frequently referred to as equity kickers, which may take the
form of warrants that permit the holder to purchase equity at a preset price, or
conversion features upon certain events (such as change of control). The
combination of the debt coupon and the equity kicker gives Mezzanine investors a
higher return than high yield bonds. </SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Non-Extended</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Credit Facility that is not extended beyond its original maturity
date.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>PIK</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>"Payment in Kind" interest is a form of payment where the interest owed
by the borrower is added to the principal amount owed to a lender. A separate
PIK facility is comprised of this interest.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>PIKToggle</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>An interest rate feature that gives the Borrower the option to pay all,
half or none of the interest for any period (generally during a non-call period)
in kind. Typically, an interest rate step up will apply to any portion of
interest that is paid in kind. PIK Toggles are attractive to Borrowers because
of the ability to "toggle" out of cash interest payments in times of a liquidity
crunch - meaning if the Borrower is short on cash, it can stop making cash
interest payments and just let the interest PIK.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Synthetic</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Typically refers to letters of credit.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Unitranche</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>A hybrid loan facility structure that combines senior debt and
subordinated debt into one facility bearing a blended interest rate. This type
of financing is mainly aimed at middle market companies and used by private
equity in leveraged buyouts.</SimpleValue>
</Value>
</Row>
</SimpleCodeList>
</gcl:CodeList>