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- Issue Name (961)
- Sweep Date (1197): credit event will processed when corporate actions are triggered for this date
- Effective Date: date the notional reduction will take effect
- Event Determination Date: date to which accruals will be rebated
- Pay Date: date that cash is due to settle
- Business Offset Days: number of business days to offset value submitted for Effective Date to prevent cancelation of prior day's variation margin
- V2015V15: field is hidden and null
- V2017V17: field is shown and defaults to 1 for workflows where credit events are processed on
Effective Date+ 1
- Corporate Action Status (54) =
Released - Corporate Action Sub Priority: priority with which credit events will be processed (use default of 1 unless there are two or more concurrent credit events)
- Mandatory/Voluntary Indicator (1734) =
Mandatory - Price (1692): recovery amount set at auction (this will be subtracted from 100 to determine the amount due based on the % of notional reduction)
- Factor Rate (1696): new factor, between 0.99999 and 0.00001 (Rate of Reduction used to process the close will be calculated from this factor)
- Corporate Action Type (1728) =
CREDIT EVENT
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