FpML Issues Tracker

1323: Influence of the paymentDaysOffset element on dates in the cashflows/principleExchange element

August 18, 2023

closed

Tweak

Have not tried

Schema

XAPWG

Liudmyla

None

Summary

Hello,

Could you please clarify if the presence of the <paymentDaysOffset> element in the cross-currency IRS has an impact on the dates <cashflows>/<principalExchange>/<unadjustedPrincipalExchangeDate> or <cashflows>/<principalExchange>/<adjustedPrincipalExchangeDate>? Or these dates are the Effective date for the initial exchange and the Termination date for the Final exchange and the <paymentDaysOffset> element (if it is present in a <swapStream>) doesn't have an impact on these dates?

Could you please provide us with the example for ross-currency IRS with <paymentDaysOffset> and <cashflows> elements?

 

Best regards,

Liudmyla

Notes:

  • JasonPolis

    08/31/23 10:30 am

    XAPWG 2023-08-31:

    The offset is not intended to apply to the exchange dates,

     

  • JasonPolis

    08/31/23 10:32 am

     

    Some people want the flexibility to change the exchange dates.

    In these cases the dates can be specified in:

    InterestRateStream/cashflows/principalExchange

     

  • jbaserba

    03/18/24 8:04 am

    Request for information solved. Marked as closed.

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