A type of underlying debt that can set off a pay-out in a credit derivative. Reference obligation is issued by the reference entity. It is a key component of credit default swap, highlighting the necessary characters that an obligation must possess to produce a credit event.
Related information about reference obligation:
- Reference Obligation Definition | Investopedia
The specific underlying debt upon which a credit derivative is based. A reference obligation is issued by the reference entity. It does not represent all the forms of ...
- Reference obligation
A bond, loan or other obligation that is eligible to trigger a payout in a credit derivative. The reference obligation...
- Reference obligation characteristics
A key section of a credit default swap confirmation, the reference obligation characteristics list the features that an obligation must...
- Credit default swap - Wikipedia, the free encyclopedia
... and a reference obligation, usually an unsubordinated corporate bond or government bond. The period over which default protection extends is defined by the ...
- Markit LPN Reference Obligation List
Reference Obligations related to Reference Entities that issue debt via Loan Participation Note (LPN) programmes. They are additional Deliverable Obligations ...
- Sukuk Reference Obligation List
Reference Obligations related to those Reference Entities that issue debt via Sukuk issuance. These Reference Obligations are additional Deliverable ...
- PLC - Reference Obligation
Also known as a covered obligation or reference asset, and commonly referred to as the "ref ob." A debt instrument issued by the reference entity ...
- What is reference obligation? definition and meaning
Definition of reference obligation: A type of underlying debt that can set off a pay- out in a credit derivative. Reference obligation is issued by the reference entity.