complexType "RepoFarLeg"
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Content: |
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Defined: |
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Includes: |
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Used: |
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XML Representation Summary |
<... |
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> |
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Content: |
buyerPartyReference, buyerAccountReference?, sellerPartyReference, sellerAccountReference?, settlementDate, ( settlementAmount | settlementCurrency), fxRate?, ( deliveryMethod?, deliveryDate?, collateral*)?, repoInterest? |
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</...> |
Content Model Elements (12):
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All Direct / Indirect Based Elements (1):
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Annotation
A transaction leg for a repo is equivalent to a single cash transaction. It is augmented here to carry some values that are of interest for the repo. Also, note that the BuyerSeller model in this transaction must be the exact opposite of the one found in the near leg.
Type Derivation Tree
RepoFarLeg
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XML Source (w/o annotations (7); see within schema source)
<xsd:complexContent>
<xsd:extension base="RepoLegBase">
<xsd:sequence>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
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Content Element Detail (all declarations; defined within this component only; 5/12)
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Collateral element is used to carry the quantity and price details that are required to ensure that a repo contract is executed at fair value, with the value of the collateral matching the cash amount of the repo. Collateral is declared as optional here, with multiple cardinalities, since there can be a repo "Multi", with multiple instruments specified, or a "Cash Borrow/Loan" and “TriPartyRepo” with no collateral. In general cases, however it should be specified. This element can be omitted in farLeg.
XML Source (w/o annotations (1); see within schema source)
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Delivery Date for the transaction. Delivery Date can be populated when it is not equal to the Settlement Date.
XML Source (w/o annotations (1); see within schema source)
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Specifies a delivery method for the security transaction.
Simple Content
maxLength: |
255
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minLength: |
0
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XML Source (w/o annotations (1); see within schema source)
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Indicates the rate of a currency conversion that is used to compute settlement amount for cross-currency transactions.
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:decimal, predefined, simple content |
The repo interest is basically the difference between the settlement amounts at spot and forward date. It is a fully figured amount, but it does not have to be specified in the message. It is not a 'Money' amount as it is implicitly expressed in the settlement currency.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="repoInterest" type="xsd:decimal"/>
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