FpML Issues Tracker
closed
Minor
Always
Equity Derivatives
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apparry
Summary
The definition of Interval contains a period element of type "PeriodEnum". One value of PeriodEnum is "T", which represents Term. The term that is being referred to is dependent upon the context in which it is referred to. For this WG the task is to define the term for those parts of the schema owned by this WG.
The definition of Term should state clearly which date field is the start of the term and which date field is the end of the term. That way the term will always be known when the value "T" is used.
The contexts for IRD are: 1. ReturnSwapLeg 2. ForecastRateIndex 3. FloatingRateIndex.model
Also, Offset is a sub-type of Interval and requires the definition for: 4. DividendPaymentDate 5. GracePeriodExtension
Again, the same occurs with ResetFrequency: 6. InterestLegResetDates
In each case the schema should contain a reference to both the initial and final date of the Term.
Notes:
iyermakova
03/04/09 2:44 pm
Fri 13 Feb 2009 – Eqd. WG reviewed the issue and was in favorer of having distinction between Interval-as-Duration (describes offset, excludes “T”) and Interval-as-Frequency (describes a recurring time interval, includes “T”).
The nub of the issue is that “Term” is undefined in parts of EQD products. A.P. will go over the Eqd’s specific parts of the schema to define the “Term”, so that “Term” will always be known when the value “T” is used.