From:
Sent: 19 January 2010 18:01
To: Andrew P Parry; 'Irina
Yermakova'
Cc:
Subject: CSIA (Component Security
Index Annex)
Andrew, Irina,
Re MEIA2, Katherine (ISDA) has stated “It became the component
security index annex (csia)-published w eur index swap”.
1. This probably means the FpML
change we recently discussed and agreed is now redundant… is it too late
to revert it back?
2. The original FpML element for
MEIA states ‘Multiple Exchange’ in the element name, so the
structure agreed for MEIA2 may not be appropriate to include CSIA within. I
assume MEIA and CSIA are mutually exclusive. If the group agrees on these, the
enhancement shown in the diagram below would be the simplest alternative.
The annotation is tentatively left to be the same as MEIA – I’m not
sure this should state
3. As for the contents of the
CSIA, I cannot see anything that affects the FpML structure.
(If you are OK with the above factors, the below and the attached can
be distributed to the group as a proposal.)
Regards,
Takeo
==========
<xsd:group
name="EquityUnderlyerProvisions.model">
<xsd:annotation>
<xsd:documentation xml:lang="en">A group containing Equity
Underlyer provisions.</xsd:documentation>
</xsd:annotation>
<xsd:sequence>
<xsd:choice
minOccurs="0">
<xsd:element name="multipleExchangeIndexAnnexFallback"
type="xsd:boolean" minOccurs="0">
<xsd:annotation>
<xsd:documentation xml:lang="en">Used for specifying whether
additional annex terms for trades with underlyers that are listed on multiple
exchanges, as defined in the European Master Confirmation, will
apply.</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element
name="componentSecurityIndexAnnexFallback" type="xsd:boolean"
minOccurs="0">
<xsd:annotation>
<xsd:documentation xml:lang="en">Used for specifying whether
additional annex terms for trades with underlyers that are listed on multiple
exchanges, as defined in the European Master Confirmation, will
apply.</xsd:documentation>
</xsd:annotation>
</xsd:element>
</xsd:choice>
<xsd:element name="localJurisdiction" type="Country"
minOccurs="0">
<xsd:annotation>
<xsd:documentation xml:lang="en">Local Jurisdiction is a term
used in the AEJ Master Confirmation, which is used to determine local taxes,
which shall mean taxes, duties, and similar charges imposed by the taxing
authority of the Local Jurisdiction If this element is not present Local Jurisdiction
is Not Applicable.</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="relevantJurisdiction" type="Country"
minOccurs="0">
<xsd:annotation>
<xsd:documentation xml:lang="en">Relevent Jurisdiction is a
term used in the AEJ Master Confirmation, which is used to determine local
taxes, which shall mean taxes, duties and similar charges that would be imposed
by the taxing authority of the Country of Underlyer on a Hypothetical Broker
Dealer assuming the Applicable Hedge Positions are held by its office in the
Relevant Jurisdiction. If this element is not present Relevant Jurisdiction is
Not Applicable.</xsd:documentation>
</xsd:annotation>
</xsd:element>
</xsd:sequence>
</xsd:group>