FpML FX WG is looking for Valid WG advice on how to restrict the values of “pointsMultiplier” (below) to
10^x (1, 0.1, 0.01, 0.001, 0.0001, etc)
·
a fix factor for the forward points
(“/fpml-fx-5-0.xsd”):
-
Within ‘ExchangeRate’, refactored an existing element ‘forwardPoints’ with a new complex type ‘ForwardPoints’ that includes ‘points’
of type ‘xsd:decimal’ and an optionally ‘pointsMultiplier’ (as a scaling factor for those points) of type ‘PositiveDecimal’.
This would allow to express fwd points in adjusted/ non adjusted form.
-
If the ‘pointsMultiplier’ is 1, then the fwd points are non adjusted.
<forwardPoints>
<points>0.0045</points>
<pointsMultiplier>1</pointsMultiplier>
</forwardPoints>
-
If the ‘pointsMultiplier’ is a fractional number, then forward points are adjusted, according to the scaling factor/fwd tick size for the orientation of the
quoteBasis.
<forwardPoints>
<points>45</points>
<pointsMultiplier>0.0001</pointsMultiplier>
</forwardPoints>
Thank you,
Irina Yermakova
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