FpML-IRD Swap Stub Question

["Valentino, Jeffrey C" <jeffrey.c.valentino@xxxxxxxxxxxxxxxxxx>]

Title: Swap Stub Question

Hi All,

I have a quick question related to whether a specific trade example should have firstRegularPeriodStartDate, firstPaymentDate, and/or other stub elements contained in the FpML representation.

Trade is as follows:

Effective date: 2/29/08 (leap year)

Maturity Date: 2/28/10

Roll: EOM

I am also curious as to whether the following trade FpML would contain the stub elements (basically any trade that would have 31 or EOM rolls but begins/matures in a month with less than 31 days).

Effective date: 6/30/08

Maturity Date: 6/30/10

Roll: EOM

Thanks and regards,

Jeff Valentino

Principal, Fixed Income Prime Brokerage

Banc of America Securities

T: 212.847-5349

C: 917.816.6438

F: 212.847.6409