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CDSBench
Federal Republic of Aurelia · Sovereign · Restructuring · 2027-07-01

Federal Republic of Aurelia 2027 (B)

publishedvalidation split10 verified of 10 questions · 2 documents · 1 instruments

Federal Republic of Aurelia experienced a restructuring credit event in 2027. The record contains the terms of the JPY 2050 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2024-07-01Notes issued.
  2. 2027-07-01Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
JPY 2050 NotesFederal Republic of AureliaISIN XS1000142542JPY2050-07-01Senior10
Key question · #184 · 2 of 4 models missed
Is the instrument transferable without the consent of the Issuer?
Claude GPT Gemini Mastermind
Key question · #187 · 2 of 4 models missed
Which section of the record establishes the seniority (ranking) of the instrument? Answer with the section identifier (e…
Claude GPT Gemini Mastermind
Key question · #179 · 1 of 4 models missed
What is the maturity date of the instrument? Answer as YYYY-MM-DD.
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
179What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2050-07-01deterministically verified✓✓✕✓
180In which currency is the instrument denominated? Answer with the ISO currency code.Fact extractionJPYdeterministically verified✓✓✓✓
181Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
182Is the instrument denominated in a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD)?Rule applicationYesdeterministically verified✓✓✓✓
183Is the instrument subordinated?Rule applicationNodeterministically verified✓✓✓✓
184Is the instrument transferable without the consent of the Issuer?Document interpretationNodeterministically verified△✓✓△
185Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …DeliverabilityIneligibledeterministically verified✓✓✓✓
186Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…Rule applicationYesdeterministically verified✓✓✓✓
187Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
188Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyYesdeterministically verified✓✓✓✓
Public documents

The record

  • DOC-1 JPY 2050 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — Federal Republic of Aurelia
Related cases

Precedents by structure, not by keyword

  • Republic of Norland 2027 (C)Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • United Provinces of Kestrel 2027Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Republic of Norland 2024Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Republic of Marovia 2024Review
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.