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OFRE000310 – Instrument Credit Quality Methodology
Applicable to bond funds. Methodology used for aggregating the rating of single bonds rated by various authorized rating agencies (lists are available in regulatory publications such as the mapping of ECAIs’ credit assessments under Article 136(1) and (3) of Regulation (EU) No 575/2013). Methodologies: Method 1: Solvency II - 2nd best rating Method 2: Average Rating Use of the average of various ratings. If the average does not correspond to one of the available categories (e.g. average between AA / AA- / A), the worse rating should be used (“adjust downward”). Method 3: Most Frequently Used Use of the most frequently used rating. If there are inconsistent ratings (e.g. AA / A+ / A), the worst rating should be used. Method 4: Worst Rating Use of the worst rating
Further details can be found in the white paper "Fund Ratios and Exposures" (https://www.openfunds.org/knowledge/whitepapers/fund-ratios-and-exposures).
| Property | Value |
|---|---|
| OF-ID | OFRE000310 |
| Name | Instrument Credit Quality Methodology |
| Area | Fund ratios and exposures |
| Level | Fund |
| Format | Integer |
| Tags | Ratios and Exposures |
| Introduced in | openfunds 1.26 |
Allowed values
Solvency II regulation, Average Rating, Most Frequently Used, Worst Rating, Proprietary, Other
Example
Solvency II regulation
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFRE000310 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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