FpML Issues Tracker

641: Consistency – short form and long form

March 6, 2008

closed

Minor

Always

Modeling Task Force

Admin

BrianLynn

Summary

The Short Form versus the Long Form of a contract should be standardized across the instrument classes. At the moment each instrument class does this differently.

# EQD - has separate complex types for Short Form and Long Form. # CDS - has one type and lots of constraints (validation rules) on a ShortForm precondition # IRD - not clear to me how it happens.

The CDS approach has the downside of a lot of rules to reproduce what could be done in the schema. This contradicts the AWG principle of expressing in schema in preference to validation rules where there is a choice.

Notes:

  • lyteck

    09/05/08 8:52 pm

    The EQDWG decided not modify the way short/long forms are modeled.

    The MTF (2008-09-05) accepts the decision and agrees not to pursue the standardization further.

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