FpML Issues Tracker

97: parValue

May 25, 2005

closed

Minor

Always

Modeling Task Force

Admin

mgratacos

Summary

parValue

xsd:decimal, should be Money

In general we have a mix of representing money amount

currency IS-A Currency value IS-A xsd:decimal

and

amount IS-A Money

Notes:

  • matthewdr

    04/09/08 10:27 am

    Assigned to MTF.

  • matthewdr

    04/09/08 10:28 am








    Specifies the nominal amount of a fixed income security or convertible bond.


  • mgratacos

    06/06/08 3:21 pm

    MTF: parValue currency is always going to take the currency of the security. Validation rule should be added to enforce that when parValue is present, currency must be present.

  • matthewdr

    06/06/08 5:02 pm

    The problem with the proposed solution from the MTF is that it contradicts the FpML Architecture – specifically the new section on Modelling Guidelines about using OO modelling.

    If we followed the FpML Architecture Modelling Guidelines then parValue would be of type Money. In addition the MTF’s proposed rule would also exist.

    Anyway – in summary, either the MTF must follow the Modelling Guidelines or the Modelling Guidelines must be changed.

  • mgratacos

    06/23/20 12:05 pm

    AWG 2020-06-18

    • This was already solved since in the underlying assets, if the par value is used, the currency element should be used.
    • There is a business validation rule enforcing this.
    • We discussed the overlap between par value and face amount. It would probably make sense to deprecate par value.
    • There was agreement to close this issue.

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