element <weatherLeg> (local)

Namespace:	http://www.fpml.org/FpML-5/reporting
Type:	WeatherLeg
Content:	complex, 1 attribute, 11 elements
Defined:	locally witnin CommoditySwapDetails.model group in fpml-com-5-5.xsd; see XML source

Content Model Diagram

XML Representation Summary

<weatherLeg

xsd:ID

Content:

payerPartyReference?, payerAccountReference?, receiverPartyReference?, receiverAccountReference?, weatherIndexLevel?, (weatherCalculationPeriods | weatherCalculationPeriodsReference), weatherNotionalAmount?, calculation?, paymentDates?, weatherIndexData?

</weatherLeg>

Content model elements (11):

calculation (in weatherLeg),

payerAccountReference,

payerPartyReference (defined in PayerReceiver.model group),

paymentDates (in weatherLeg),

receiverAccountReference,

receiverPartyReference (defined in PayerReceiver.model group),

weatherCalculationPeriods,

weatherCalculationPeriodsReference,

weatherIndexData (in weatherLeg),

weatherIndexLevel,

weatherNotionalAmount (in weatherLeg)

Included in content model of elements (2):

commoditySwap,

commoditySwap (in commoditySwaption)

Annotation

Weather Leg defines Weather Index Swap transactions. Weather Index Swap transactions are OTC derivative transactions which settle financially based on an index calculated from observations of temperature and precipitation at weather stations throughout the world. Sub-Annex C of the 2005 ISDA Commodity Definitions provides definitions and terms for a number of types of weather indices. These indices include: HDD (heating degree days), CDD (cooling degree days), CPD (critical precipitation days). Weather Index Swap transactions result in a cash flow to one of the two counterparties each Calculation Period depending on the relationship between the Settlement Level and the Weather Index Level.

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="2" minOccurs="0" name="weatherLeg" type="WeatherLeg"/>

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.