EventsOfDefaultElection
Type CDM 7.2.0The specific party elections for events of default.
Extends —
Extended by —
Attributes 8
Namespace cdm.legaldocumentation.master.isla
Attributes
All 8 declared on EventsOfDefaultElection. Cardinality in amber is required.
| Name | Type | Card. | Description |
|---|---|---|---|
| party | CounterpartyRoleEnum | 1..1 | The specified party. |
| automaticEarlyTerminationApplies | ApplicabilityOfElectionEnum | 1..1 | Does automatic early termination apply to the specified party? |
| existingLoans | ApplicabilityOfElectionEnum | 0..1 | Are existing loans covered in the event of default (Only relevant to 2010 GMSLAs)? |
| automation | ApplicabilityOfElectionEnum | 0..1 | Are third party vendors allowed to automate the processing of loans in the event of default (Only relevant to 2010 GMSLAs)? |
| automaticEarlyTerminationSpecifiedSeparatelyForEachPrinciple | boolean | 1..1 | In the case where party is acting as an agent, is automatic early termination specified on a per principle basis? |
| automaticEarlyTerminationRequiredDueToSystemOfLaw | boolean | 1..1 | Automatic early termination only applies if required due to system of law, otherwise it is not applicable. |
| automaticEarlyTerminationInModifiedForm | boolean | 1..1 | Automatic early termination applies in a modified form only. |
| automaticEarlyTerminationOther | string | 0..1 | Optional string to capture any further information regarding the automatic early termination even of default. |
Conditions
Validation rules the model enforces on this type, in Rune. An instance that breaks one of these is invalid CDM, whatever produced it.
AutomaticEarlyTerminationMustBeApplicable Condition
A validation rule to ensure that if aet applies in a modified form or separately for each principle that the applicability is set to be 'applicable'.
if automaticEarlyTerminationInModifiedForm or automaticEarlyTerminationSpecifiedSeparatelyForEachPrinciple
then automaticEarlyTerminationApplies = ApplicableReferenced by
1 type holds an EventsOfDefaultElection as an attribute.
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