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Delinquency Period - definition seems to have a mistake #32

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magick93 opened this issue Aug 7, 2022 · 0 comments

magick93 commented Aug 7, 2022 •

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https://github.com/actusfrf/actus-dictionary/blob/master/actus-dictionary-terms.json#L1044-L1055

"description": "If real payment happens after scheduled payment date plus DLP, then the counterparty is in technical default. This means that the creditor legally has the right to declare default of the debtor."

Should this be grace period, ie:

"If real payment happens after scheduled payment date plus GRP

Also, I've done a github search of the actusfrf organiation for "DLP" and there doesnt appear to be any definition.

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