Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: failureToPay
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:FailureToPay
Containing Schema: fpml-option-shared-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
A credit event. 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
Collapse XSD Schema Diagram:
Drilldown into paymentRequirement in schema fpml-option-shared-4-4_xsd Drilldown into gracePeriodExtension in schema fpml-option-shared-4-4_xsd Drilldown into FailureToPay in schema fpml-option-shared-4-4_xsdXSD Diagram of failureToPay in schema fpml-option-shared-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="failureToPay" type="FailureToPay" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A credit event. 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</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
gracePeriodExtension fpml:gracePeriodExtension 0 (1)
paymentRequirement fpml:paymentRequirement 0 (1)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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