FpML Issues Tracker

Summary

eqd-25 is: " Context: BrokerEquityOption (complex type) eqd-25 (Mandatory) Preconditions: SameCurrency If numberOfOptions, equityPremium/paymentAmount and equityPremium/pricePerOption are present then: equityPremium/pricePerOption/amount * numberOfOptions = equityPremium/paymentAmount/amount. Comment: This is equivalent to eqd-20, but for brokerEquityOption, where there is no optionEntitlement. "

The precondition "SameCurrency" is too strong. The only items that must be the same currency are the pricePerOption and the paymentAmount. We shouldn't be checking the other items.

Writing out the rule correctly in XQuery gives: " (for $brokerEquityOption in //element(*, BrokerEquityOption)[fn:exists(numberOfOptions)][exists(equityPremium/paymentAmount)][exists(equityPremium/pricePerOption)][val:same-currency((equityPremium/paymentAmount,equityPremium/pricePerOption))] return ) "

With the precondition becoming a global function: " declare function val:same-currency($money as element()*) as xs:boolean (: Are all instances of a currency within these money elements are the same currency. In Saxon-SA the signature would be declare function val:same-currency($money as fpml:Money()*) as xs:boolean :) { (count(distinct-values($money/currency)) le 1) and (count(distinct-values($money/currency/@currencyScheme)) le 1) }; "

Following the FpML conventions this should be written out as: " Context: BrokerEquityOption (complex type)[fn:exists(numberOfOptions)][exists(equityPremium/paymentAmount)][exists(equityPremium/pricePerOption)][val:same-currency((equityPremium/paymentAmount,equityPremium/pricePerOption))] eqd-25 (Mandatory) equityPremium/pricePerOption/amount * numberOfOptions eq equityPremium/paymentAmount/amount. Comment: This is equivalent to eqd-20, but for brokerEquityOption, where there is no optionEntitlement. "