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FpML-CD Proposals: STS Calc Agent Hardcoding / IOS and PrimeX STS values

Ben/All,

Through discussions with legal and the industry, there is a trend in recently drafted documents moving towards hardcoding the Calculation Agent into Standard Terms Supplements rather than having it as a confirmable field.  Firms would provide this on their FpML submissions similarly to "AsSpecifiedInMasterAgreement" for MCA's.  This was most recently seen on the TRX template, and based on the feedback I've received from clients, will also be present on the upcoming "IOS" and "PrimeX" Standard Term Supplements as well.

In preparation for this I'd like to propose that a new value for Calculation Agent be added to the enumeration list for the <calculationAgentParty> element: 

AsSpecifiedInStandardTermsSupplement' 
The Calculation Agent is determined by reference to the relevant standard terms supplement.



For the two new Supplements coming in January, I'd also like to propose adding two new values to the http://www.fpml.org/coding-scheme/contractual-supplement <http://www.fpml.org/coding-scheme/contractual-supplement>  (contractual supplement scheme) of:

IOS
Standard Terms Supplement for IOS transactions

PrimeX 
Standard Terms Supplement for PrimeX transactions

As noted above, these two supplements would likely need the 'AsSpecifiedInStandardTermsSupplement' value in order to confirm properly in FpML.  I'd appreciate it we could discuss both items at the next CDWG.

 
 
Regards,
 
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 <mailto:henri.pegeron@xxxxxxxxxxxxxx>  
www.markitserv.com <http://www.markitserv.com/> 
 

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