NoteConversionMechanism

Conversion Mechanism - Note#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_mechanisms/NoteConversionMechanism.schema.json

Sets forth inputs and conversion mechanism of a convertible note

Data Type: OCF TYPE

Properties:

Property	Type	Description	Required
type	Constant: `CONVERTIBLE_NOTE_CONVERSION`	Scalar Constant	`REQUIRED`
interest_rates	[ schema/types/InterestRate ]	Interest rate(s) of the convertible (if applicable)	`REQUIRED`
day_count_convention	`Enum - Day Count Type` Description: Enumeration of how the number of days are determined per period ONE OF: • ACTUAL_365 • 30_360	How many days are there is a given period for calculation purposes?	`REQUIRED`
interest_payout	`Enum - Interest Payout Type` Description: Enumeration of interest payout types (e.g. deferred or cash payment) ONE OF: • DEFERRED • CASH	How is interest paid out (if at applicable)	`REQUIRED`
interest_accrual_period	`Enum - Accrual Period Type` Description: Enumeration of interest accrual period types ONE OF: • DAILY • MONTHLY • QUARTERLY • SEMI_ANNUAL • ANNUAL	What is the period over which interest is calculated?	`REQUIRED`
compounding_type	`Enum - Compounding Type` Description: Enumeration of interest compounding types ONE OF: • COMPOUNDING • SIMPLE	What type of interest compounding?	`REQUIRED`
conversion_discount	schema/types/Percentage	What is the percentage discount available upon conversion, if applicable? (decimal representation - e.g. 0.125 for 12.5%)	-
conversion_valuation_cap	schema/types/Monetary	What is the valuation cap (if applicable)?	-
capitalization_definition	`STRING`	How is company capitalization defined for purposes of conversion? If possible, include the legal language from the instrument.	-
capitalization_definition_rules	schema/types/CapitalizationDefinitionRules	The rules for which types of securities would be included in the capitalization definition.	-
exit_multiple	schema/types/Ratio	For cash proceeds calculation during a liquidity event.	-
conversion_mfn	`BOOLEAN`	Is this an MFN (Most Favored Nations) flavored Convertible Note?	-

Source Code: schema/types/conversion_mechanisms/NoteConversionMechanism