FpML-CD FW: Proposal to create new version of credit seniority scheme

["Selma Laidoudi" <Selma.Laidoudi@xxxxxxxxxxxxxx>]

Ben/All,

 

Please find below a proposal for creating a new version of the credit seniority coding scheme.

 

Comments are most welcome.

 

Thanks,

 

Selma Laidoudi

+44 (0) 20 3367 0394

---

From: Owen King
Sent: 01 March 2010 13:02
To: Selma Laidoudi
Subject: Proposal to create new version of credit seniority scheme

 

Hi Selma,

 

In line with an open issue (http://www.fpml.org/issues/view.php?id=362) I'd like to propose to the FpML credit working group that a new version of the credit seniority coding scheme is created as follows in order to allow differentiation between secured and non-secured debt. This also has the effect of allowing a 1:1 mapping between FpML values and Markit RED Tier Codes to simplify integration work for implementers. 

 

Remove:   Senior

Add:         SeniorSec, SeniorUnSec

 

I've attached my proposed coding scheme to this email.

 

Many thanks,

 

Owen King

Vice President

Business Analysis

 

MarkitSERV

 

Cottons Centre, Level 3

Cottons Lane
London, SE1 2QL

+44 20 3367 0347    Office

+44 20 3367 0301    Fax

www.markitserv.com

Attachment: credit-seniority-2-0.xml
Description: credit-seniority-2-0.xml