FpML Issues Tracker

263: Add “IDR.ABS/IDR01” code to settlement-rate-option

November 13, 2006

closed

Minor

Always

Coding Scheme

ggurden

mgratacos

Summary

Per this amendment to Annex A of the 1998 FX and Currency Option Definitions (see http://www.isda.org/cgi-bin/_isdadocsdownload/download.asp?DownloadID=139)we request the addition of the code "IDR.ABS/IDR01" to the settlement rate option scheme. The code description would be:

The Spot Rate for a Rate Calculation Date will be the Indonesian Rupiah/U.S. Dollar spot rate at 11:00 a.m., Singapore time, expressed as the amount of Indonesian Rupiah per one U.S. Dollar, for settlement in two Business Days, reported by the Association of Banks in Singapore which appears on the Telerate Page 50157 to the right of the caption "Spot" under the column "IDR" at approximately 11:30 a.m., Singapore time, on that Rate Calculation Date.

Notes:

  • mgratacos

    11/13/06 4:59 pm

    The code has been added to the scheme. It will be published in the next release of version 4.2.

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