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Credit Event (CREV)

Credit Event (CREV)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N


An occurrence of credit derivative for which the issuer of one or several underlying securities is unable to fulfillfulfil his financial obligations (as defined in terms and conditions).

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-11)


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