Ausfallereignis

German

Etymology

Ausfall (“default/failure”) +‎ Ereignis (“event”)

Pronunciation

  • IPA(key): [ˈaʊ̯sfalʔɛɐ̯ˌʔaɪ̯ɡnɪs]
  • Hyphenation: Aus‧fall‧er‧eig‧nis

Noun

Ausfallereignis n (strong, genitive Ausfallereignisses, plural Ausfallereignisse)

  1. (finance, insurance) credit event, default event (a specific occurrence that triggers a payment under a credit derivative or insurance contract)
    Die Nichtzahlung von Zinsen durch den Referenzschuldner wurde offiziell als Ausfallereignis eingestuft.
    The non-payment of interest by the reference entity was officially classified as a credit event.

Declension

Declension of Ausfallereignis [neuter, strong]
singular plural
indef. def. noun def. noun
nominative ein das Ausfallereignis die Ausfallereignisse
genitive eines des Ausfallereignisses der Ausfallereignisse
dative einem dem Ausfallereignis, Ausfallereignisse1 den Ausfallereignissen
accusative ein das Ausfallereignis die Ausfallereignisse

1Now rare, see notes.

Synonyms

Antonyms

  • Zahlungserfüllung (fulfillment of payment obligations)
  • Vertragstreue (adherence to contract terms)

Hypernyms

  • Rechtstatsache (legal fact)
  • Trigger (trigger event)

Coordinate terms

  • Basiswert (the underlying financial instrument or debt on which a derivative is based)
  • Emittent (the entity, such as a corporation or government, that issues and sells securities)
  • Gläubiger (the party to whom a debt is owed by the debtor)
  • Kreditausfallswap (a financial derivative used to hedge credit risk or speculate on default)
  • Referenzschuldner (the legal entity whose credit risk is transferred in a credit derivative contract)
  • Sicherungsgeber (the party providing credit protection in a swap agreement; the seller)
  • Sicherungsnehmer (the party buying credit protection in a swap agreement; the buyer)
  • ausfallen (to fail/default)
  • Ereignisprotokoll (event log)
  • Trigger-Klausel (contractual provision defining the credit event)

References

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