FpML Issues Tracker
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Schema
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apparry
Summary
The schema refers to "EquityBermudaExercise". This is incorrect. For example we have EquityAmericanExercise and not EquityAmericaExercise, and EquityAsianExercise and not EquityAsiaExercise.
The adjectival form of Bermuda is Bermudian or Bermudan. Bermudian is the self-designation and should be preferred.
Notes:
h_mcallister
08/15/07 2:03 pm
We have had this discussion before.
The term “Bermuda” is adopted in FpML for consistency with the ISDA definitions (e.g. see http://www.fpml.org/_wgmail/_coordmail/msg00623.html)
“Bermuda” is used here as a metaphor, rather than to identify nationality or location, therefore the “correct” form is irrelevant (with all due respect to self-designated Bermud[i]ans).
matthew
08/15/07 2:29 pm
Hi Harry – Andrew Parry and Karel Engelen made the same comments offline. Your point is fully accepted.
This arose from the VWG referring to Bermudan, which is incorrect. The schema should be Bermuda and the narrative Bermudian.
mgratacos
08/24/07 1:55 pm
Update the documentation to give background on why Bermuda was used.
mgratacos
08/25/07 5:09 pm
The documentation has been updated in the trunk and 4-3 branch.