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FpML-CD AEJ and Japan Standard CDS in FpML STS/MCA schemes

Ben/All,

Another round of Standard Credit Templates is being introduced to the market and set to be traded in December. To support the new templates, we're proposing to add the following values to the applicable schemes in FpML:
Additions to
http://www.fpml.org/coding-scheme/master-confirmation-type
http://www.fpml.org/coding-scheme/broker-confirmation-type:

StandardAsiaCorporate
Matrix Transaction Type of STANDARD ASIA CORPORATE.

StandardAsiaSovereign
Matrix Transaction Type of ASIA SOVEREIGN.

StandardSingaporeCorporate
Matrix Transaction Type of SINGAPORE CORPORATE.

StandardSingaporeSovereign
Matrix Transaction Type of SINGAPORE SOVEREIGN.

StandardJapanCorporate
Matrix Transaction Type of JAPAN CORPORATE.

StandardJapanSovereign
Matrix Transaction Type of JAPAN SOVEREIGN.

Additions to
http://www.fpml.org/coding-scheme/matrix-type <http://www.fpml.org/coding-scheme/matrix-type> 
<http://www.fpml.org/coding-scheme/broker-confirmation-type> http://www.fpml.org/coding-scheme/broker-confirmation-type <http://www.fpml.org/coding-scheme/broker-confirmation-type:> :

ISDA2003StandardCreditAsia
Dummy MCA value mirroring the matrix term values StandardAsiaCorporate

ISDA2004StandardCreditSovereignAsia
Dummy MCA value mirroring the matrix term values StandardAsiaSovereign

ISDA2003StandardCreditSingapore
Dummy MCA value mirroring the matrix term values StandardSingaporeCorporate/Sovereign

ISDA2003StandardCreditJapan
Dummy MCA value mirroring the matrix term values StandardJapanCorporate

ISDA2004StandardCreditSovereignJapan
Dummy MCA value mirroring the matrix term values StandardJapanSovereign


The definition for each of these values is based on the correlated Novation rules for moving from MCA to Matrix or visa versa. Given the December go-live, we would like to have these values added/finalized by the CDWG as soon as possible.

Thanks,

Henri Pegeron 
Vice President 
Business Analysis and Platform Integration

MarkitSERV
 
55 Water Street, 22nd Floor 
NY, NY 10041
+1 212 855 1682  Office 
+1 212 855 1020  Fax 
henri.pegeron@xxxxxxxxxxxxxx 
www.markitserv.com <http://www.markitserv.com/> 
 

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