NSD’s trade repository messages specifications

Current specification

FailureToPay

A type defining failure to pay credit event.

FieldTypeDescriptionPrint form titleFFSM titlePropertiesConditions
applicablexsd:booleanIndicates whether the failure to pay provision is applicable.Applicable.0-1, mre, mfr
gracePeriodExt​ensionGracePeriodExt​ensionIf this element is specified, indicates whether or not a grace period extension is applicable. ISDA 2003 Term: Grace Period Extension Applicable. Grace period extension.0-1, ncfAt the first stage this element is not used in the repository messages.
paymentRequire​mentMoneySpecifies a threshold for the failure to pay credit event. Market standard is USD 1,000,000 (JPY 100,000,000 for Japanese Yen trades) or its equivalent in the relevant obligation currency. This is applied on an aggregate basis across all Obligations of the Reference Entity. Intended to prevent technical/operational errors from triggering credit events. ISDA 2003 Term: Payment Requirement. Payment requirement.0-1, ncf
FailureToPay