Documentation for Financial products Markup Language (FpML®)
Definition Type: ComplexType
Name: FailureToPay
Namespace: http://www.fpml.org/2007/FpML-4-4
Containing Schema: fpml-option-shared-4-4.xsd
Abstract
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_xsdXSD Diagram of FailureToPay in schema fpml-option-shared-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:complexType name="FailureToPay">
    <xsd:sequence>
        <xsd:element name="gracePeriodExtension" type="GracePeriodExtension" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">If this element is specified, indicates whether or not a grace period extension is applicable. ISDA 2003 Term: Grace Period Extension Applicable</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="paymentRequirement" type="Money" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Specifies 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</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
    </xsd:sequence>
</xsd:complexType>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
gracePeriodExtension fpml:gracePeriodExtension 0 (1)
paymentRequirement fpml:paymentRequirement 0 (1)
Collapse Derivation Tree:
Collapse References:
fpml:failureToPay
Documentation for Financial products Markup Language (FpML®)

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