Stub 4 IR products

[amitm]

Hi, from what I know, Stub has 4 different types: -Short First Stub -Short Last Stub -Long First Stub -Long Last Stub and combination’s between them. I read that I need to use the node “stubCalculationPeriodAmount” My Question is If I need to use this node also for Long stubs or only for short stubs? 10x, Amit

[mgratacos]

Hi Amit, You need to use the node for both. In FpML the recipient of the message needs to calculate the duration of the stub and compare it against the duration of a regular period in order to know whether it’s short or long. There is a short/long field available, in CalculationPeriodDates/stubPeriodType (values of StubPeriodTypeEnum = {ShortInitial, ShortFinal, Longinitial, LongFinal}) but it doesn’t support initial and final stubs at the same time. Hope this helps. Marc

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