element <businessDayConvention> (local)
Namespace:
Type:
Content:
simple
Defined:
locally witnin FxFixingDate complexType in fpml-ird-5-3.xsd; see XML source
Content Model Diagram
XML Representation Summary
<businessDayConvention>
   
Content: 
{ enumeration of xsd:token }
</businessDayConvention>
Simple Content Detail:
Enumeration:
"FOLLOWING"
 - 
The non-business date will be adjusted to the first following day that is a business day
"FRN"
 - 
Per 2000 ISDA Definitions, Section 4.11. FRN Convention; Eurodollar Convention.
"MODFOLLOWING"
 - 
The non-business date will be adjusted to the first following day that is a business day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a business day.
"PRECEDING"
 - 
The non-business day will be adjusted to the first preceding day that is a business day.
"MODPRECEDING"
 - 
The non-business date will be adjusted to the first preceding day that is a business day unless that day falls in the previous calendar month, in which case that date will be the first following day that us a business day.
"NEAREST"
 - 
The non-business date will be adjusted to the nearest day that is a business day - i.e. if the non-business day falls on any day other than a Sunday or a Monday, it will be the first preceding day that is a business day, and will be the first following business day if it falls on a Sunday or a Monday.
"NONE"
 - 
The date will not be adjusted if it falls on a day that is not a business day.
"NotApplicable"
 - 
The date adjustments conventions are defined elsewhere, so it is not required to specify them here.

Included in content model of elements (1):
fxFixingDate
Annotation
The convention for adjusting a date if it would otherwise fall on a day that is not a business day.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="businessDayConvention" type="BusinessDayConventionEnum"/>

XML schema documentation generated with DocFlex/XML 1.8.6b2 using DocFlex/XML XSDDoc 2.5.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.