What is Juniper’s equivalent feature to Cisco IOS IP Service Level Agreements?

What is Juniper’s equivalent feature to Cisco IOS IP Service Level Agreements (IP SLA)?

Juniper uses the RPM (Real-Time Performance Monitoring) Feature. See http://www.juniper.net/techpubs/en_US/junos12.2/topics/usage-guidelines/services-configuring-real-time-performance-monitoring.html

Here is a sample configuration to do an ICMP ping out to an Internet site:

lab@R1> show configuration services rpm
probe CNN-SOC {
test ping-test {
probe-type icmp-ping;
target address 10.0.250.130;
probe-count 4;
test-interval 60;
traps [ test-failure test-completion ];