FpML Issues Tracker

Summary

At FpML 4-5 (and subsequent versions), validation rule ird-7 was "formalised" with a natural language description as follows:

English Description: Context: InterestRateStream (complex type) The existence of compoundingMethod is required when the frequencies differ, and prohibited when they are the same

The problem is that the description does not state *which* frequencies differ. I propose that the description should be rewritten as follows:

"The existence of compoundingMethod is required when the calculation-period and payment frequencies differ, and prohibited when they are the same"