FpML Issues Tracker

698: eqd-3 is missing an else clause

May 14, 2008

closed

Minor

Always

Equity Derivatives

Admin

apparry

Summary

eqd-3 is missing an else clause. The problem is that this causes eqd-3 to sometimes fail to produce a result.

The rule today is: " Context: EquityAmericanExercise (complex type) eqd-3 (Mandatory) If latestExerciseTimeType is equal to SpecificTime then latestExerciseTime must be present. "

The proposed solution is to add the condition to the context: " Context: EquityAmericanExercise (complex type) [latestExerciseTimeType="SpecificTime"] eqd-3 (Mandatory) latestExerciseTime exists. "

Notes:

  • mgratacos

    05/16/08 1:38 pm

    EQDWG 2008-05-16: suggested approach by Matthew matches business logic.

  • matthewdr

    06/06/08 1:53 pm

    Discussed at EQDWG. VWG decisions has happened and this is waiting for implementation from ISDA.

  • mgratacos

    06/06/08 1:54 pm

    EQDWG: waiting for implementation.

  • lyteck

    07/10/08 4:12 pm

    implemented as proposed.

  • matthewdr

    08/12/08 5:25 pm

    Accepting resolution upon review.

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