SecurityCreditStatuses
type: Ontology
abstract: This ontology extends the credit status ontology to define credit status concepts that are specific to issued securities. These include cashflow status and the basic credit statuses of being OK or in default. Note that in application data models these concepts would be represented as one or more selectable code lists or enumerations.
license: https://opensource.org/licenses/MIT
imports: FinancialInstruments
imports: Lifecycles
imports: Relations
imports: AnnotationVocabulary
imports: ContextualDesignators
has maturity level: Provisional
copyright: Copyright (c) 2013-2023 EDM Council, Inc.

credit o k
type: Class
subclass of: security credit status
definition: Not defaulted.

in default
type: Class
subclass of: security credit status
definition: The issuer has failed to pay somthing that they are contractually obliged to pay.
editorial note: (review 7 Oct 09) Does this exist as a term? This is a characteristic of the instrument not the rating. Because it's in default you can expect the rating to drop. Applies to instrument not to debtor. So a company may have 3 bond issues and may be defualt on only one. 14 Oct: Degrees of defaults e.g. tranche not paying interest due to losses on the underlying portrfolio; tranches being used to pay down more senior tranches.

security cashflow status
type: Class
subclass of: LifecycleStatus
disjoint with: security credit status
definition: The status of the cashflow due to the holder from the security.
editorial note: Specialize this for preferred stocks, debt tranches and so on.

security credit status
type: Class
subclass of: LifecycleStatus
subclass of: Restriction
  on property: appliesTo
  some values from: Security

accelerated principal payments expected
type: DatatypeProperty
domain: security cashflow status
range: boolean

interest payments expected
type: DatatypeProperty
domain: security cashflow status
range: boolean

principal payments expected
type: DatatypeProperty
domain: security cashflow status
range: boolean