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Summary

Good afternoon FpML experts.

I have a question about validation rule "ref-34 (Mandatory)".

Link where it is stored: REF rules - FpML 5.3 Validation Rules - 2012-07-20

Description of the rule: Context: ScheduleReference (complex type) The @href attribute is equal to the @id attribute of an element of type Schedule

I have the following input:

PART1

<exerciseFeeSchedule> <payerPartyReference href="Coca-Colla"/> <receiverPartyReference href="Pepsi"/> <notionalReference href="REF1"/> <feeRateSchedule> <initialValue>10000</initialValue> </feeRateSchedule> <feePaymentDate> <periodMultiplier>1</periodMultiplier> <period>D</period> <dayType>Business</dayType> <businessDayConvention>NONE</businessDayConvention> <dateRelativeTo href="expirationDate_American"/> </feePaymentDate> </exerciseFeeSchedule>

PART2

<calculationPeriodAmount> <calculation> <notionalSchedule> <notionalStepSchedule id = "REF1"> <initialValue>10000000</initialValue> <currency>EUR</currency> </notionalStepSchedule> </notionalSchedule> <fixedRateSchedule> <initialValue>0.07</initialValue> </fixedRateSchedule> <dayCountFraction>30/360</dayCountFraction> </calculation> </calculationPeriodAmount>

and after the validation I received the following error:

Rule:

ref-34 Context:

/dataDocument/trade/swaption/bermudaExercise/exerciseFeeSchedule/notionalReference Description:

The @href attribute of a 'ScheduleReference' element should match with an @id attribute on a 'Schedule' element.

Could you please help to understand where the element 'Schedule' is located and why I received this error ?

Hope for cooperation as usual.

Thanks in advance,

regards,

Maksym