element <businessDayConvention> (local)
Namespace:
http://www.fpml.org/FpML-5/confirmation
Type:
BusinessDayConventionEnum
Content:
simple
Defined:
locally within Days.model group in fpml-com-5-8.xsd; see XML source
Content Model Diagram
XML Representation Summary
<businessDayConvention>
   
Content: 
{ enumeration of xsd:token }
</businessDayConvention>
Simple Content Detail:
Enumeration:
"FOLLOWING"
 - 
The non-business date will be adjusted to the first following day that is a business day
"FRN"
 - 
Per 2000 ISDA Definitions, Section 4.11. FRN Convention; Eurodollar Convention.
"MODFOLLOWING"
 - 
The non-business date will be adjusted to the first following day that is a business day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a business day.
"PRECEDING"
 - 
The non-business day will be adjusted to the first preceding day that is a business day.
"MODPRECEDING"
 - 
The non-business date will be adjusted to the first preceding day that is a business day unless that day falls in the previous calendar month, in which case that date will be the first following day that us a business day.
"NEAREST"
 - 
The non-business date will be adjusted to the nearest day that is a business day - i.e. if the non-business day falls on any day other than a Sunday or a Monday, it will be the first preceding day that is a business day, and will be the first following business day if it falls on a Sunday or a Monday.
"NONE"
 - 
The date will not be adjusted if it falls on a day that is not a business day.
"NotApplicable"
 - 
The date adjustments conventions are defined elsewhere, so it is not required to specify them here.
MinLength:
0
Included in content model of elements (10):
fx (defined in CommodityExercise complexType),
fx (defined in FloatingLegCalculation complexType),
fx (in underlying in notionalQuantityBasket),
pricingDates (defined in CommodityAsian.model group),
pricingDates (defined in CommodityBasketUnderlyingBase complexType),
pricingDates (defined in FloatingLegCalculation complexType),
pricingDates (in commodityReturnCalculation),
pricingDates (in varianceCalculation),
valuationDates (in commodityReturnCalculation),
valuationDates (in varianceCalculation)
Annotation
The convention for adjusting a date if it would otherwise fall on a day that is not a business day.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="businessDayConvention" type="BusinessDayConventionEnum"/>
XML schema documentation generated with DocFlex/XML 1.9.0 using DocFlex/XML XSDDoc 2.8.0 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.