FpML has a set of business events such as novations, terminations, increases,...that I think are applicable to commodity transactions as well. In general, these events may affect somehow the notional amount of the trade. Within these events,
right now the way the notional is expressed is either as a monetary amount (FpML type Money) or as number of options (type decimal) for option products. I think that the way commodities express quantity/notional should be added in order to support commodity
trades within these events. I'd propose the inclusion of the following elements within the existing business events:
·
notionalQuantity (e.g. increaseInNotionalQuantity) of type CommodityNotional for financial trades
·
deliveryQuantity (e.g. increaseInDeliveryQuantity) of type CommodityPhysicalQuantity for physical trades
The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx> then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution.