FpML Issues Tracker

549: FXLeg is not a kind of product

January 23, 2008

closed

Minor

Always

Modeling Task Force

Admin

iyermakova

Summary

The FpML schema states that FxLeg is a kind of Product.

A type that represents a single exchange of one currency for another. This is used for representing FX spot, forward, and swap transactions.

This is not correct. A FxSwap is a kind of Product. An FxSwap has two or more Legs.

Why is this modelled this way? If it is a bug, please fix it.

Notes:

  • mgratacos

    03/17/08 12:26 pm

    This is not a bug. It’s the way FX Spots and FX Forwards are modelled in FpML.

  • mgratacos

    05/05/10 7:55 am

    This is currently being discussed on the FXWG. A proposal on the table removes the fact that an fx leg is a kind of product.

  • iyermakova

    11/02/10 1:25 pm

  • iyermakova

    11/02/10 1:26 pm

    This issue is fixed in the new FX redesigned model that will be published with FpML-5-1-2-WD-2

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