src.cdm.base.staticdata.asset.common.DebtSeniorityEnum.py Maven / Gradle / Ivy

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# pylint: disable=missing-module-docstring, invalid-name, line-too-long
from enum import Enum

__all__ = ['DebtSeniorityEnum']

class DebtSeniorityEnum(Enum):
    """
    Specifies the order of repayment in the event of a sale or bankruptcy of the issuer or a related party (eg guarantor).
    """
    SECURED = "Secured"
    """
    Denotes debt which is secured over assets of the issuer or a related party (eg guarantor).
    """
    SENIOR = "Senior"
    """
    Denotes debt  which ranks pari passu with all other unsecured creditors of the issuer.
    """
    SUBORDINATED = "Subordinated"
    """
    Denotes debt  owed to an unsecured creditor that in the event of a liquidation can only be paid after the claims of secured and senior creditors have been met.
    """