FpML-IRD forwarding question: resetRelativeTo in relation to Averaging trades

[Marc Gratacos <MGratacos@xxxxxxxx>]

See question from Pauline Mullan (Markit) regarding Averaging trades. I added her email address to the distribution list.


Subject: resetRelativeTo in relation to Averaging trades.
Date: Wed, 1 Apr 2009 09:43:24 +0100
From: "Pauline Mullan" <pauline.mullan@xxxxxxxxxx>
To: irdwg@xxxxxxxx


Hi all,

I have a question regarding the use of the resetRelativeTo element in =
averaging trades.

If we have a trade with weekly or monthly averaging, does it make sense =
to include the resetRelativeTo element in FpML as I am not sure that it =
makes sense in that context?

So you have a calculationPeriodFrequency of 3m and a resetFrequency of =
1m, does it make sense to have the resetRelative to the the =
calculationPeriodStartDate?

Many Thanks,

Pauline

Pauline Mullan
Vice President
Trade Processing

Markit



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