1.4.2 Event types
The following table describes a standardised nomenclature of relevant events (investment milestones; credit, technical, acquisition, or regulatory events) that can be reported for these firms. These events are reported dynamically: they can be known today or are expected to happen in the future. These include the firm name, production capacity or the firm's business model, and the type of regulation. These classifications follow the TICCS® standard.
Data Code | Event Category | Data Field Name | Description | Format |
ICFE01 | Milestone Event | Incorporation date | Official incorporation date | YYYY-MM-DD |
ICFE02 | Milestone Event | Initial investment date | Date of financial close, acquisition or privatisation | YYYY-MM-DD |
ICFE03 | Milestone Event | Greenfield construction start | Breaking ground in greenfield projects | YYYY-MM-DD |
ICFE04 | Milestone Event | Greenfield construction completion | Completed greenfield construction | YYYY-MM-DD |
ICFE05 | Milestone Event | Partial operations start | Start of the first phase of operations | YYYY-MM-DD |
ICFE06 | Milestone Event | Full operations begin | Project is fully operational | YYYY-MM-DD |
ICFE07 | Milestone Event | Brownfield construction start | New construction phase in brownfield investment | YYYY-MM-DD |
ICFE08 | Milestone Event | Brownfield construction completion | Completion of new construction phase in brownfield investment | YYYY-MM-DD |
ICFE09 | Milestone Event | Investment end date | Divestment or end of the contract (concession) | YYYY-MM-DD |
ICFE10 | Regulatory Event | Regulatory review | Next regulatory review or determination | YYYY-MM-DD |
ICFE11 | Regulatory Event | Renegotiation | Renegotiation of the original contract | YYYY-MM-DD |
ICFE12 | Regulatory Event | Termination | Termination of the original contract | YYYY-MM-DD |
ICFE13 | Regulatory Event | Arbitration | Dispute resolution through arbitration | YYYY-MM-DD |
ICFE14 | Regulatory Event | Renewal | Renewal of the original contract | YYYY-MM-DD |
ICFE20 | Credit Event | Lockup | Shareholders are not allowed to distribute dividends | YYYY-MM-DD |
ICFE21 | Credit Event | Soft Default | The firm can still pay its debt but creditors can exercise step-in rights | YYYY-MM-DD |
ICFE22 | Credit Event | Hard Default | The firm cannot pay its debt and creditors can claim the control of the firm | YYYY-MM-DD |
ICFE23 | Credit Event | Administration | The firm is bankrupt | YYYY-MM-DD |
ICFE24 | Credit Event | Liquidation | The firm is liquidated/sold | YYYY-MM-DD |
ICFE25 | Credit Event | Emergence From Default | End of default period | YYYY-MM-DD |
ICFE26 | Credit Event | Emergence From Lockup | End of lockup period | YYYY-MM-DD |
ICFE31 | Technical Event | Construction Delays | Delays in construction completion | YYYY-MM-DD |
ICFE32 | Technical Event | System Failure | Technical failure causing material technical disruption | YYYY-MM-DD |
ICFE33 | Technical Event | Accident | Large accident (e.g., fire) causing material technical disruption | YYYY-MM-DD |
ICFE27 | Credit Event | Refinancing | New debt facility replaces previous one | YYYY-MM-DD |
ICFE28 | Credit Event | Prepayment | Early repayment of all senior debt | YYYY-MM-DD |
ICFE34 | Technical Event | Construction Faults Discovered | Faults that significantly impact on the cash flows to the project are discovered | YYYY-MM-DD |
ICFE35 | Technical Event | Construction Warranty Called | In order to mitigate faults discovered, the project calls the warranty protection provided by the EPC | YYYY-MM-DD |
ICFE36 | Technical Event | Delayed Acceptance of Facilities | The independent verifier refuses to agree that the facilities are completed | YYYY-MM-DD |
ICFE37 | Technical Event | Environmental Approvals Delayed | The project is delayed due to a failure to obtain environmental approvals or the approvals are withdrawn | YYYY-MM-DD |
ICFE38 | Technical Event | Facilities Suffer a Catastrophic Failure | The facilities were shut down due to a major breakdown in the facilities either as a result of fire, etc., or construction problems | YYYY-MM-DD |
ICFE39 | Technical Event | Force Majeure | Force majeure is called in the contract | YYYY-MM-DD |
ICFE40 | Technical Event | Insurance Claim for Construction Faults | To cover construction faults, insurance policies are called | YYYY-MM-DD |
ICFE41 | Technical Event | Liquidated Damages | Construction delays have resulted in liquidated damages being enforced | YYYY-MM-DD |
ICFE45 | Legal Event | Litigation Against Construction Company | As a result of the construction company failures, the SPV has commenced legal action | YYYY-MM-DD |
ICFE46 | Legal Event | Litigation Against Government | As a result of the government changes or non-compliance, the SPV has commenced legal action | YYYY-MM-DD |
ICFE47 | Legal Event | Litigation Against Off-Taker | As a result of the off-taker's non-compliance, the SPV has commenced legal action | YYYY-MM-DD |
ICFE48 | Legal Event | Litigation Against Suppliers | As a result of the supplier's non-compliance, the SPV has commenced legal action | YYYY-MM-DD |
ICFE15 | Regulatory Event | New Off-take Contract Signed | The SPV has signed a new off-take agreement | YYYY-MM-DD |
ICFE16 | Regulatory Event | Option Exercised to Terminate the Project Early | Government has decided to terminate the project early | YYYY-MM-DD |
ICFE17 | Regulatory Event | Penalties Incurred | The SPV has deducted penalties as a result of failure to meet agreed standards | YYYY-MM-DD |
ICFE18 | Regulatory Event | Off-take Contract Expires | The off-take contract has expired | YYYY-MM-DD |
ICFE19 | Regulatory Event | Regulatory Intervention | The economic regulator has intervened into the market | YYYY-MM-DD |
ICFE29 | Credit Event | Supplier Terminates Contract | A key supplier to the project either terminates the contract or enters administration, impacting the viability of the project | YYYY-MM-DD |
ICFE30 | Credit Event | Swap Counter Party Default | The swap counterparty defaults, impacting the debt service of the project | YYYY-MM-DD |
ICFE42 | Technical Event | Cost Over Runs | The cost to construct the project is significantly over the expected cost at financial close | YYYY-MM-DD |
ICFE43 | Technical Event | Asset Mothballed | The owners have decided to stop operating the asset but will keep the assets in case the market improves | YYYY-MM-DD |
ICFE44 | Technical Event | Impairment | The date a material impairment of the infrastructure company is recognised | YYYY-MM-DD |
ICFE50 | Acquisition | Debt Stake Sale | Part or all of the firm's debt is divested | YYYY-MM-DD |
ICFE49 | Acquisition | Equity Stake Sale | Part or all of the firm's equity is divested | YYYY-MM-DD |