> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# JTD exposure

The **JTD Exposure** captures the jump-to-default risk that may not be captured by credit spread shocks under the SBM.
The DRC calculations start with the **Gross JTD** which can be provided directly or calculated using the **Market Value**, **Notional**, and LGD.

| Field               | Key | Description                                                                        |
| ------------------- | --- | ---------------------------------------------------------------------------------- |
| As-of Date          | Y   | Timestamp (at close of business) for the data (T-1)                                |
| Trade ID            | Y   | A unique identifier for the trade (or position)                                    |
| Risk Factor Name    | Y   | A unique identifier for the risk-factor                                            |
| Risk Class          | Y   | “DRC non-Sec”                                                                      |
| Risk Measure        | Y   | “DRC”                                                                              |
| Instrument LGD Type |     | Instrument type for LGD: “equity”, “junior debt”, “senior debt”, or “covered bond” |
| Direction           |     | Is the exposure “long” or “short”                                                  |
| Market Value        |     | The bond-equivalent market value of the exposure                                   |
| Notional            |     | The bond-equivalent notional of the exposure                                       |
| Gross JTD           |     | The pre-calculated Gross JTD of the exposure                                       |
| Adjustment          |     | An adjustment that may be added to the Gross JTD                                   |