Dear VWG –
cd-26 does not handle the effectiveDate being optional.
cd-26 today is:
"
Context: CreditDefaultSwap (complex type)
[exists(feeLeg/singlePayment/adjustablePaymentDate)]
feeLeg/singlePayment/adjustablePaymentDate gt
generalTerms/effectiveDate/unadjustedDate
"
There is a guard on paymentDate, there should also be a guard on
effectiveDate. I propose the new rule be:
"
Context: CreditDefaultSwap (complex type)
[exists(feeLeg/singlePayment/adjustablePaymentDate)][exists(generalTerms/effectiveDate)]
feeLeg/singlePayment/adjustablePaymentDate gt
generalTerms/effectiveDate/unadjustedDate
"
I do not know the scenarios under which generalTerms/effectiveDate may
be optional. The schema fails to document what it means when the field
is not present. We should also get the schema documentation fixed up
to state what it means when the element is not present.
This is logged as issue: http://www.fpml.org/issues/view.php?id=926
Matthew +44 7917 596 827
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