FpML Issues Tracker

623: cd-4 does not state what to do with multiple contractuals supplements

March 1, 2008

closed

Minor

Always

Validation Rules

Admin

None

Summary

The rule today is: " cd-4 (Mandatory) Preconditions: ISDA2003 documentation/contractualSupplement must not begin with the substring ISDA1999Credit. "

There are many possible interpretations. Here are two possibilities: 1. Every documentation/contractualSupplement must not begin with the substring ISDA1999Creditor. 2. At least one documentation/contractualSupplement must not begin with the substring ISDA1999Credit.

If the intent was the first possibility, then we should change the text to match that.

Notes:

  • matthewdr

    03/01/08 11:35 pm

    cd-9 has the same problem and will need to adopt the same solution.

  • matthewdr

    04/08/08 12:08 pm

    Also, as previously discussed elsewhere, please note substring is an operator and not a datatype. The datatype is string.

  • mgratacos

    04/22/08 9:04 am

    The intent was the first possibility.

    All substring terms have been replaced by string.

    I proposed the first solution suggested by Matthew:

    cd-4 (Mandatory)
    Preconditions: ISDA2003
    Every documentation/contractualSupplement must not begin with the string ISDA1999Credit.

  • mgratacos

    04/22/08 10:58 am

    This proposed solution has been committed to the trunk (revision 3657) and 5.0 branch (revision 3656)

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