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RE: FpML-CD40 Two questions about indices



Mark:
 
1. on naming cdsIndex
We talked about this in the meeting on Wednesday briefly. Folks seemed to
be indicating they we're fine with cdsIndex. I'm actually currently
working on preparing the notes from the meeting and I'm referring to it as
cdsIndex. I see your point regarding the inconsistency - I agree with you.
However, unless other people on the email list voice the same concern, we
are going to stay with cdsIndex.
 
Yes, CDS is a very commonly used abbreviation for credit default swap.
 
2. on enumeration
There will be optional FpML schemes associated with both indexId and
indexName -- very much analogous to what we have for referenceEntity.
Check out the architecture document for examples. There will not be XML
Schema enumerations associated with either of these elements. The valid
values for indexId and indexName are too dynamic (and perhaps too large)
to represent in an enumeration.
 
Yes, Mark-It Partners say they will provide RED identifiers for the
indices. FpML will not require the use of RED identifiers. However, you
will definitely be able to use RED identifiers with FpML and many users
will probably do so.

Ben Lis 
Deputy CTO 
creditex, Inc. 
main: 212-633-7277 
direct: 917-661-5935 

-----Original Message-----
From: Marc Gratacos [mailto:MGratacos@xxxxxxxx]
Sent: Friday, January 23, 2004 10:44 AM
To: 'cd@xxxxxxxxxxxxxxxxxxxxx'
Subject: FpML-CD40 Two questions about indices



Hi all,

 

I have a couple of questions regarding indices.

 

cdsIndex vs. creditDefaultSwapIndex

The first one is regarding the name of "cdsIndex". I am probably too picky
but I was thinking about how we named the cdsIndex element. From a
technical point of view, the use of abbreviations in XML is a bad practice
(the only exception are identifiers, IDs). At the same time, it's probably
true that "cds" as a name is very common name in the derivatives
community. On the other hand, there is the element named
creditDefaultSwap. Looking at this element, I see a lack of consistency
for naming an element "creditDefaultSwap" and another element "cdsIndex".

 

To sum up:

-          The use of abbreviations is a bad practice in XML.

-          Lack of consistency for naming an element creditDefaultSwap and
another element cdsIndex

But,

-          cds is a  very common name in the derivatives community.

 

indexName

If I understand correctly, in our last meeting, besides the use of
"indexID" (9 digit identifier) we proposed to use an element named
indexName in order to identify the index too. I think we said that Mark-it
partners will provide the values for this element.

 

I am assuming this value will be defined as an enumeration scheme in our
schema. Is this assumption correct?

 

 

Have a nice weekend,

-Marc 

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