[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
RE: FpML-IRD expand annotation of Term duration
Is it worth adding a statement to the effect that:
(i) the "T" period always appears in association with periodMultiplier = 1,
and
(ii) the notation is intended for use in contexts where the interval thus
qualified (e.g. accrual period, payment period, reset period, ...) spans
the entire term of the trade ...?
Best regards,
Harry McAllister
Fixed Income Architecture
BNP Paribas
|---------------------------------------->
| Internet |
| guy.gurden@xxxxxxxxxxxxx |
| |
| |
| Sent by: irdwg@xxxxxxxx |
| |
| 29/02/2008 17:14 |
| |
| |
| Please respond to |
| irdwg@xxxxxxxx |
| |
|---------------------------------------->
>---------------------------------------------------------------------------------------------------------------|
| |
| |
| To|
| irdwg |
| cc|
| |
| Subject|
| 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
**************************************************************************************************************************
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 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.
**************************************************************************************************************************
|------------------------------------------------------------------------------|
| |
| |
| www.swapswire.com |
| |
|------------------------------------------------------------------------------|
This is a commercial communication sent by SwapsWire Limited. This message
contains confidential information and is intended only for the individual
named. If you are not the named addressee you should not disseminate,
distribute or copy this e-mail. Please notify the sender immediately by
e-mail if you have received this e-mail by mistake and delete this e-mail
from your system. E-mail transmission cannot be guaranteed to be secure or
error-free as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses. The sender therefore does
not accept liability for any errors or omissions in the contents of this
message which arise as a result of e-mail transmission. If verification is
required please request a hard-copy version.
SwapsWire Limited is regulated by the Financial Services Authority and is
entered in the FSA's Register (FSA Reference Number 207294). SwapsWire
Limited is subject to Value Added Tax (VAT Registration No 761 4444 34).
SwapsWire Limited is registered in England at Companies House, no: 4027741.
Registered Office: One Silk Street, London, EC2Y 8HQ
If you have any questions in relation to this policy please contact us at:
Fountain House
130 Fenchurch Street
London EC3M 5DJ
Attn: Rachel Cunningham-Day, General Counsel
Email: Rachel.cunningham-day@xxxxxxxxxxxxx
If you currently receive marketing information from us which you would
prefer not to receive in the future please email us at info@xxxxxxxxxxxxxx
All email messages sent to and from info@xxxxxxxxxxxxx may be monitored to
ensure compliance with internal policies and to protect our business
This communication is confidential, may be privileged and is meant only for the intended recipient. If you are
not the intended recipient, please notify the sender by reply and delete this message from your system. Any
unauthorised dissemination, distribution or copying hereof is prohibited.
BNP Paribas Fund Services UK Limited, BNP Paribas Trust Corporation UK Limited, BNP Paribas UK Limited,
BNP Paribas Commodity Futures Ltd and Investment Fund Services Limited are authorised and regulated by
the Financial Services Authority.
BNP Paribas, BNP Paribas Securities Services and BNP Paribas Private Bank are authorised by the CECEI
and AMF. BNP Paribas London Branch, BNP Paribas Securities Services London Branch and BNP Paribas
Private Bank London Branch are regulated by the Financial Services Authority for the conduct of their UK
business. BNP Paribas Securities Services London Branch is also a member of the London Stock Exchange.
-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe irdwg youremail@address
To view archives: http://www.fpml.org/_wgmail/_irdwgmail/threads.html