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FpML-VALU40 PRWG Actions



I looked into my actions:

1) On the action, "ensure that you can reference the asset quotes from a
sensitivity definition", I verified that each of the following has an ID
attribute:
- assetQuote, e.g. part of QuotedAssetSet (used by yield curve inputs,
etc.)
- underlyingAsset, part of instrumentSet
- PricingStructurePoint, used in vol matrices, etc.
- TermPoint, used in TermCurves (e.g. discount factor curve).  You can't
separately reference the bid vs mid vs ask, but I think this can be
handled
in the quotation characteristics.

So I think that this is OK.

2) On the action, "look at [valuation]request to decide at the amount of
detail in the response", I propose the following:
Replace the boolean flag "marketEnvironmentIncluded" in ValuationSet with
a
scheme or enumeration, called e.g. "detailLevel" that lists various levels
of detail that should be provided.  Suggested levels include:
- Minimum  - provide only values, with no market data or descriptions
- Moderate - provide descriptions of sensitivities
- Full - provide market data and full risk definitions.

3) On the action "review sensitivity calculation procedure, look at
options
for simplifying.", I haven't made any progress yet.


Brian Lynn, CTO
Global Electronic Markets, http://global-emarkets.com
High-speed FpML matching, reconciliation, and validation:
 http://fpml-mediator.com
 



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