FpML-CD 'T' (Term) applicable?

As discussed in the last meeting, we are trying to figure out whether the value T (Term) is applicable to some of the periods used across the schema, in this case, in the credit derivatives schema. Term is defined as the period between the effective date and the termination date of a trade (e.g. zero coupon swaps).

We think that from a business perspective, Term is not applicable to the following credit elements: maximumMaturity (inside DeliverableObligations), paymentFrequency (inside PeriodicPayment) or relativeDate (inside ScheduledTerminationDate):

DeliverableObligations	fpml-cd.xsd	maximumMaturity
PeriodicPayment	fpml-cd.xsd	paymentFrequency
ScheduledTerminationDate	fpml-cd.xsd	relativeDate

Let me know if you have any objection to this before June 17.

Thanks in advance,

Marc

From: cdwg@xxxxxxxx [cdwg@xxxxxxxx] On Behalf Of Marc Gratacos [MGratacos@xxxxxxxx]
Sent: Wednesday, June 10, 2009 2:59 PM
To: cdwg@xxxxxxxx
Subject: FpML-CD PeriodEnum

I'd like to review the attached spreadsheet (only the Credit related fields) at today's call.

Thanks,

Marc

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