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Credit Event (CREV)

Credit Event (CREV)

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

Description

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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