RE: FpML-IRD expand annotation of Term duration

The ISDA 2000/2006 Defs (Sect 3.1) define the word Term. It means the period commencing on the Effective Date of a Swap Transaction and ending on the Termination Date of the Swap Transaction.

So in more general terms a description such as “Term. The period commencing on the effective date and ending on the termination date.” should suffice.

Guy

From: irdwg@xxxxxxxx [mailto:irdwg@xxxxxxxx] On Behalf Of Marc Gratacos
Sent: Friday, February 29, 2008 11:43 AM
To: irdwg@xxxxxxxx
Subject: FpML-IRD expand annotation of Term duration

Hi,

An issue has been raised to expand the ‘Term’ annotation http://www.fpml.org/issues/view.php?id=610

I think ‘Term’ refers to the term of trade so it’s the duration between the effective date and the termination date. Any suggestions?

Thanks,

-Marc

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