http://www.fpml.org/spec/2003/wd-fpml-4-0-2003-04-04
http://www.fpml.org/spec/2003/wd-fpml-4-0-2003-04-04
n/a
http://www.fpml.org/spec/errata/wd-fpml-4-0-2003-04-04-errata.html
Copyright © 2002-2003. All rights reserved.
Financial Products Markup Language is subject to the FpML public license
A copy of this license is available at
http://www.fpml.org/documents/license
XSL Schema Processing Developed By:
Andrew Jacobs, Senior Consultant, IBM.
e-mail: andrew_jacobs@uk.ibm.com
XSL Schema Processing Also Supported By:
Brian Lynn, Founder and CTO, Gem Soup LLC.
e-mail: brian.lynn@gemsoup.com
A deliverable obligation characteristic. An obligation at time of default is due to mature and due to be repaid, or as a result of downgrade/bankruptcy is due to be repaid as a result of an acceleration clause. ISDA 2003 Term: Accelerated or Matured
Element acceleratedOrMatured is defined by the complex type DeliverableObligationCharac
<xsd:element name="acceleratedOrMatured" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation at time of
default is due to mature and due to be repaid, or as a result of
downgrade/bankruptcy is due to be repaid as a result of an
acceleration clause. ISDA 2003 Term: Accelerated or Matured
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Indicates whether accrued interest is included (true) or not (false). For cash settlement this specifies whether quotations should be obtained inclusive or not of accrued interest. For physical settlement this specifies whether the buyer should deliver the obligation with an outstanding principal balance that includes or excludes accrued interest. ISDA 2003 Term: Include/Exclude Accrued Interest
Element accruedInterest is defined by the simple type xsd:boolean
<xsd:element name="accruedInterest" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Indicates whether accrued interest is included (true) or not
(false). For cash settlement this specifies whether quotations
should be obtained inclusive or not of accrued interest. For
physical settlement this specifies whether the buyer should
deliver the obligation with an outstanding principal balance that
includes or excludes accrued interest. ISDA 2003 Term:
Include/Exclude Accrued Interest
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A fixed amount payment date that shall be subject to adjustment in accordance with the applicable business day convention if it would otherwise fall on a day that is not a business day. The applicable business day convention and business day are those specified in the dateAdjustments element within the generalTerms component. ISDA 2003 Term: Fixed Rate Payer Payment Date
Element adjustablePaymentDate is defined by the simple type xsd:date
<xsd:element name="adjustablePaymentDate" type="xsd:date">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A fixed amount payment date that shall be subject to adjustment
in accordance with the applicable business day convention if it
would otherwise fall on a day that is not a business day. The
applicable business day convention and business day are those
specified in the dateAdjustments element within the generalTerms
component. ISDA 2003 Term: Fixed Rate Payer Payment Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An optional cashflow-like structure allowing the equivalent representation of the periodic fixed payments in terms of a series of adjusted payment dates and amounts. This is intended to support application integration within an organisation and is not intended for use in inter-firm communication or confirmations. ISDA 2003 Term: Fixed Rate Payer Payment Date
Element adjustedPaymentDates is defined by the complex type AdjustedPaymentDates
<xsd:element name="adjustedPaymentDates" type="AdjustedPaymentDates">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An optional cashflow-like structure allowing the equivalent
representation of the periodic fixed payments in terms of a
series of adjusted payment dates and amounts. This is intended to
support application integration within an organisation and is not
intended for use in inter-firm communication or confirmations.
ISDA 2003 Term: Fixed Rate Payer Payment Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Indicates whether an obligation of the Reference Entity, guaranteed by the Reference Entity on behalf of a non-Affiliate, is to be considered an Obligation for the purpose of the transaction. It will be considered an obligation if allGuarantees is applicable (true) and not if allGuarantees is inapplicable (false). ISDA 2003 Term: All Guarantees
Element allGuarantees is defined by the simple type xsd:boolean
<xsd:element name="allGuarantees" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Indicates whether an obligation of the Reference Entity,
guaranteed by the Reference Entity on behalf of a non-Affiliate,
is to be considered an Obligation for the purpose of the
transaction. It will be considered an obligation if allGuarantees
is applicable (true) and not if allGuarantees is inapplicable
(false). ISDA 2003 Term: All Guarantees
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. A loan that is freely assignable to a bank or financial institution without the consent of the Reference Entity or the guarantor, if any, of the loan (or the consent of the applicable borrower if a Reference Entity is guaranteeing the loan) or any agent. ISDA 2003 Term: Assignable Loan
Element assignableLoan is defined by the complex type PCDeliverableObligationCharac
<xsd:element name="assignableLoan" type="PCDeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan that is freely
assignable to a bank or financial institution without the consent
of the Reference Entity or the guarantor, if any, of the loan (or
the consent of the applicable borrower if a Reference Entity is
guaranteeing the loan) or any agent. ISDA 2003 Term: Assignable
Loan
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. The reference entity has been dissolved or has become insolvent. It also covers events that may be a precursor to insolvency such as instigation of bankruptcy or insolvency proceedings. Sovereign trades are not subject to Bankruptcy as "technically" a Sovereign cannot become bankrupt. ISDA 2003 Term: Bankruptcy
Element bankruptcy is defined by the complex type CreditEvent
<xsd:element name="bankruptcy" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. The reference entity has been dissolved or has
become insolvent. It also covers events that may be a precursor
to insolvency such as instigation of bankruptcy or insolvency
proceedings. Sovereign trades are not subject to Bankruptcy as
"technically" a Sovereign cannot become bankrupt. ISDA 2003 Term:
Bankruptcy
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A number of business days. Its precise meaning is dependant on the context in which this element is used. ISDA 2003 Term: Business Day
Element businessDays is defined by the simple type xsd:integer
<xsd:element name="businessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A number of business days. Its precise meaning is dependant on
the context in which this element is used. ISDA 2003 Term:
Business Day
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An explicit indication that a number of business days are not specified and therefore ISDA fallback provisions should apply.
Element businessDaysNotSpecified is defined by the complex type BusinessDaysNotSpecified
<xsd:element name="businessDaysNotSpecified" type="BusinessDaysNotSpecified">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An explicit indication that a number of business days are not
specified and therefore ISDA fallback provisions should apply.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The number of business days between successive valuation dates when multiple valuation dates are applicable for cash settlement. ISDA 2003 Term: Business Days thereafter
Element businessDaysThereafter is defined by the simple type xsd:integer
<xsd:element name="businessDaysThereafter" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days between successive valuation dates
when multiple valuation dates are applicable for cash settlement.
ISDA 2003 Term: Business Days thereafter
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The notional amount of protection coverage (the fixed rate payer calculation amount or the floating rate payer calculation amount as the case may be). ISDA 2003 Term: Fixed/Floating Rate Payer Calculation Amount
Element calculationAmount is defined by the complex type Money
<xsd:element name="calculationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The notional amount of protection coverage (the fixed rate payer
calculation amount or the floating rate payer calculation amount
as the case may be). ISDA 2003 Term: Fixed/Floating Rate Payer
Calculation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The amount paid by the seller to the buyer for cash settlement on the cash settlement date. If not otherwise specified, would typically be calculated as 100 (or the Reference Price) minus the price of the Reference Obligation (all expressed as a percentage) times Floating Rate Payer Calculation Amount. ISDA 2003 Term: Cash Settlement Amount
Element cashSettlementAmount is defined by the complex type Money
<xsd:element name="cashSettlementAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The amount paid by the seller to the buyer for cash settlement on
the cash settlement date. If not otherwise specified, would
typically be calculated as 100 (or the Reference Price) minus the
price of the Reference Obligation (all expressed as a percentage)
times Floating Rate Payer Calculation Amount. ISDA 2003 Term:
Cash Settlement Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The number of business days used in the determination of the cash settlement payment date. If a cash settlement amount is specified, the cash settlement payment date will be this number of business days following the calculation of the final price. If a cash settlement amount is not specified, the cash settlement payment date will be this number of business days after all conditions to settlement are satisfied. ISDA 2003 Term: Cash Settlement Date
Element cashSettlementBusinessDays is defined by the simple type xsd:integer
<xsd:element name="cashSettlementBusinessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days used in the determination of the cash
settlement payment date. If a cash settlement amount is
specified, the cash settlement payment date will be this number
of business days following the calculation of the final price. If
a cash settlement amount is not specified, the cash settlement
payment date will be this number of business days after all
conditions to settlement are satisfied. ISDA 2003 Term: Cash
Settlement Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Used in both obligations and deliverable obligations to represent a class or type of securities which apply. ISDA 2003 Term: Obligation Category/Deliverable Obligation Category
Element category is defined by the simple type ObligationCategory
<xsd:element name="category" type="ObligationCategory">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Used in both obligations and deliverable obligations to represent
a class or type of securities which apply. ISDA 2003 Term:
Obligation Category/Deliverable Obligation Category
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the. ISDA terms relevant to cash settlement for when cash settlement is applicable. ISDA 2003 Term:
Element cdsCashSettlementTerms is defined by the complex type CashSettlementTerms
<xsd:element name="cdsCashSettlementTerms" type="CashSettlementTerms" substitutionGroup="settlementTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to cash
settlement for when cash settlement is applicable. ISDA 2003
Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The number of business days after conditions to settlement have been satisfied when the calculation agent obtains a price quotation on the Reference Obligation for purposes of cash settlement. There may be one or more valuation dates. This is typically specified if the cash settlement amount is not a fixed amount. ISDA 2003 Term: Valuation Date
Element cdsValuationDate is defined by the complex type ValuationDate
<xsd:element name="cdsValuationDate" type="ValuationDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days after conditions to settlement have
been satisfied when the calculation agent obtains a price
quotation on the Reference Obligation for purposes of cash
settlement. There may be one or more valuation dates. This is
typically specified if the cash settlement amount is not a fixed
amount. ISDA 2003 Term: Valuation Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The time of day in the specified business center when the calculation agent seeks quotations for an amount of the reference obligation for purposes of cash settlement. ISDA 2003 Term: Valuation Time
Element cdsValuationTime is defined by the complex type BusinessCenterTime
<xsd:element name="cdsValuationTime" type="BusinessCenterTime">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The time of day in the specified business center when the
calculation agent seeks quotations for an amount of the reference
obligation for purposes of cash settlement. ISDA 2003 Term:
Valuation Time
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. A loan that is capable of being assigned with the consent of the Reference Entity or the guarantor, if any, of the loan or any agent. ISDA 2003 Term: Consent Required Loan
Element consentRequiredLoan is defined by the complex type PCDeliverableObligationCharac
<xsd:element name="consentRequiredLoan" type="PCDeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan that is capable
of being assigned with the consent of the Reference Entity or the
guarantor, if any, of the loan or any agent. ISDA 2003 Term:
Consent Required Loan
</xsd:documentation>
</xsd:annotation>
</xsd:element>
In a credit default swap one party (the protection seller) agrees to compensate another party (the protection buyer) if a specified company or Sovereign (the reference entity) experiences a credit event, indicating it is or may be unable to service its debts. The protection seller is typically paid a fee and/or premium, expressed as an annualized percent of the notional in basis points, regularly over the life of the transaction or otherwise as agreed by the parties.
Element creditDefaultSwap is defined by the complex type CreditDefaultSwap
<xsd:element name="creditDefaultSwap" type="CreditDefaultSwap" substitutionGroup="product">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In a credit default swap one party (the protection seller) agrees
to compensate another party (the protection buyer) if a specified
company or Sovereign (the reference entity) experiences a credit
event, indicating it is or may be unable to service its debts.
The protection seller is typically paid a fee and/or premium,
expressed as an annualized percent of the notional in basis
points, regularly over the life of the transaction or otherwise
as agreed by the parties.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
All credit event elements belong to the creditEvent substitution group.
Element creditEvent is defined by the complex type CreditEvent
<xsd:element name="creditEvent" type="CreditEvent" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All credit event elements belong to the creditEvent substitution
group.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A specified condition to settlement. An irrevocable written or verbal notice that describes a credit event that has occurred. The notice is sent from the notifying party (either the buyer or the seller) to the counterparty. It provides information relevant to determining that a credit event has occurred. This is typically accompanied by Publicly Available Information. ISDA 2003 Term: Credit Event Notice
Element creditEventNotice is defined by the complex type CreditEventNotice
<xsd:element name="creditEventNotice" type="CreditEventNotice">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A specified condition to settlement. An irrevocable written or
verbal notice that describes a credit event that has occurred.
The notice is sent from the notifying party (either the buyer or
the seller) to the counterparty. It provides information relevant
to determining that a credit event has occurred. This is
typically accompanied by Publicly Available Information. ISDA
2003 Term: Credit Event Notice
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the. ISDA terms relating to credit events.
Element creditEvents is defined by the complex type CreditEvents
<xsd:element name="creditEvents" type="CreditEvents">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relating to credit
events.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A dealer from whom quotations are obtained by the calculation agent on the reference obligation for purposes of cash settlement. ISDA 2003 Term: Dealer
Element dealer is defined by the simple type xsd:string
<xsd:element name="dealer" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A dealer from whom quotations are obtained by the calculation
agent on the reference obligation for purposes of cash
settlement. ISDA 2003 Term: Dealer
</xsd:documentation>
</xsd:annotation>
</xsd:element>
In relation to certain credit events, serves as a threshold for Obligation Acceleration, Obligation Default, Repudiation/Moratorium and Restructuring. Market standard is USD 10,000,000 (JPY 1,000,000,000 for all Japanese Yen trades). This is applied on an aggregate or total basis across all Obligations of the Reference Entity. Used to prevent technical/operational errors from triggering credit events. ISDA 2003 Term: Default Requirement
Element defaultRequirement is defined by the complex type Money
<xsd:element name="defaultRequirement" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In relation to certain credit events, serves as a threshold for
Obligation Acceleration, Obligation Default,
Repudiation/Moratorium and Restructuring. Market standard is USD
10,000,000 (JPY 1,000,000,000 for all Japanese Yen trades). This
is applied on an aggregate or total basis across all Obligations
of the Reference Entity. Used to prevent technical/operational
errors from triggering credit events. ISDA 2003 Term: Default
Requirement
</xsd:documentation>
</xsd:annotation>
</xsd:element>
All elements used to represent deliverable obligation characteristics that are not also obligation characteristics belong to the substitution group deliverableObligationCharac Elements that represent both obligation characteristics and deliverable obligation characteristics belong to the obligationCharacteristic substitution group. ISDA 2003 Term: Deliverable Obligation Characteristics
Element deliverableObligationCharac is defined by the complex type DeliverableObligationCharac
<xsd:element name="deliverableObligationCharac" type="DeliverableObligationCharac" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All elements used to represent deliverable obligation
characteristics that are not also obligation characteristics
belong to the substitution group deliverableObligationCharac
Elements that represent both obligation characteristics and
deliverable obligation characteristics belong to the
obligationCharacteristic substitution group. ISDA 2003 Term:
Deliverable Obligation Characteristics
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the. ISDA terms relevant to defining the deliverable obligations.
Element deliverableObligations is defined by the complex type DeliverableObligations
<xsd:element name="deliverableObligations" type="DeliverableObligations">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to defining
the deliverable obligations.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. A loan with a participation agreement whereby the buyer is capable of creating, or procuring the creation of, a contractual right in favour of the seller that provides the seller with recourse to the participation seller for a specified share in any payments due under the relevant loan which are received by the participation seller. ISDA 2003 Term: Direct Loan Participation
Element directLoanParticipation is defined by the complex type DirectLoanParticipation
<xsd:element name="directLoanParticipation" type="DirectLoanParticipation" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan with a
participation agreement whereby the buyer is capable of creating,
or procuring the creation of, a contractual right in favour of
the seller that provides the seller with recourse to the
participation seller for a specified share in any payments due
under the relevant loan which are received by the participation
seller. ISDA 2003 Term: Direct Loan Participation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
If this element is specified, indicates that physical settlement must take place through the use of an escrow agent. (For Canadian counterparties this is always "Not Applicable. ISDA 2003 Term: Escrow
Element escrow is defined by the simple type xsd:boolean
<xsd:element name="escrow" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates that physical settlement
must take place through the use of an escrow agent. (For Canadian
counterparties this is always "Not Applicable. ISDA 2003 Term:
Escrow
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A free format string to specify any excluded obligations or deliverable obligations, as the case may be, of the reference entity or excluded types of obligations or deliverable obligations. ISDA 2003 Term: Excluded Obligations/Excluded Deliverable Obligations
Element excluded is defined by the simple type xsd:string
<xsd:element name="excluded" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A free format string to specify any excluded obligations or
deliverable obligations, as the case may be, of the reference
entity or excluded types of obligations or deliverable
obligations. ISDA 2003 Term: Excluded Obligations/Excluded
Deliverable Obligations
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. This credit event triggers, after the expiration of any applicable grace period, if the reference entity fails to make due payments in an aggregrate amount of not less than the payment requirement on one or more obligations (e.g. a missed coupon payment). ISDA 2003 Term: Failure to Pay
Element failureToPay is defined by the complex type FailureToPay
<xsd:element name="failureToPay" type="FailureToPay" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. This credit event triggers, after the expiration
of any applicable grace period, if the reference entity fails to
make due payments in an aggregrate amount of not less than the
payment requirement on one or more obligations (e.g. a missed
coupon payment). ISDA 2003 Term: Failure to Pay
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the terms relevant to defining the fixed amounts/payments per the applicable. ISDA definitions.
Element feeLeg is defined by the complex type FeeLeg
<xsd:element name="feeLeg" type="FeeLeg">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
fixed amounts/payments per the applicable. ISDA definitions.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A fixed payment amount. ISDA 2003 Term: Fixed Amount
Element fixedAmount is defined by the complex type Money
<xsd:element name="fixedAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A fixed payment amount. ISDA 2003 Term: Fixed Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the terms relevant to calculating a fixed amount where the fixed amount is calculated by reference to a per annum fixed rate. ISDA 2003 Term:
Element fixedAmountCalculation is defined by the complex type FixedAmountCalculation
<xsd:element name="fixedAmountCalculation" type="FixedAmountCalculation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to calculating a
fixed amount where the fixed amount is calculated by reference to
a per annum fixed rate. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the the data that appears in the section entitled "1. General Terms" in the 2003. ISDA Credit Derivatives Confirmation.
Element generalTerms is defined by the complex type GeneralTerms
<xsd:element name="generalTerms" type="GeneralTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the the data that appears in the
section entitled "1. General Terms" in the 2003. ISDA Credit
Derivatives Confirmation.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The number of calendar or business days after any due date that the reference entity has to fulfil its obligations before a failure to pay credit event is deemed to have occurred. ISDA 2003 Term: Grace Period
Element gracePeriod is defined by the complex type Offset
<xsd:element name="gracePeriod" type="Offset">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of calendar or business days after any due date that
the reference entity has to fulfil its obligations before a
failure to pay credit event is deemed to have occurred. ISDA 2003
Term: Grace Period
</xsd:documentation>
</xsd:annotation>
</xsd:element>
If this element is specified, indicates whether or not a grace period extension is applicable. ISDA 2003 Term: Grace Period Extension Applicable
Element gracePeriodExtension is defined by the complex type GracePeriodExtension
<xsd:element name="gracePeriodExtension" type="GracePeriodExtension">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates whether or not a grace
period extension is applicable. ISDA 2003 Term: Grace Period
Extension Applicable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The party that guarantees by way of a contractual arrangement to pay the debts of an obligor if the obligor is unable to make the required payments itself. ISDA 2003 Term: Guarantor
Element guarantor is defined by the simple type xsd:string
<xsd:element name="guarantor" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The party that guarantees by way of a contractual arrangement to
pay the debts of an obligor if the obligor is unable to make the
required payments itself. ISDA 2003 Term: Guarantor
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A pointer style reference to a reference entity defined elsewhere in the document. Used when the reference entity is the guarantor.
<xsd:element name="guarantorReference">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A pointer style reference to a reference entity defined elsewhere
in the document. Used when the reference entity is the guarantor.
</xsd:documentation>
</xsd:annotation>
<xsd:complexType>
<xsd:attribute name="href" use="required" type="xsd:IDREF"/>
</xsd:complexType>
</xsd:element>
An obligation and deliverable obligation characteristic. Indicates whether or not the obligation is quoted, listed or ordinarily purchased and sold on an exchange. ISDA 2003 Term: Listed
Element listed is defined by the complex type ObligationCharacteristic
<xsd:element name="listed" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic.
Indicates whether or not the obligation is quoted, listed or
ordinarily purchased and sold on an exchange. ISDA 2003 Term:
Listed
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A maximum number of business days. Its precise meaning is dependant on the context in which this element is used. Intended to be used to limit a particular. ISDA fallback provision. ISDA 2003 Term:
Element maximumBusinessDays is defined by the simple type xsd:integer
<xsd:element name="maximumBusinessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A maximum number of business days. Its precise meaning is
dependant on the context in which this element is used. Intended
to be used to limit a particular. ISDA fallback provision. ISDA
2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. An obligation that has a remaining maturity from the Physical Settlement Date of not greater than the period specified. ISDA 2003 Term: Maximum Maturity
Element maximumMaturity is defined by the complex type MaximumMaturity
<xsd:element name="maximumMaturity" type="MaximumMaturity" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation that has a
remaining maturity from the Physical Settlement Date of not
greater than the period specified. ISDA 2003 Term: Maximum
Maturity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
In the determination of a cash settlement amount, if weighted average quotations are to be obtained, the minimum quotation amount specifies a minimum intended threshold amount of outstanding principal balance of the reference obligation for which the quote should be obtained. If not specified, the. ISDA definitions provide for a fallback amount of the lower of either USD 1,000,000 (or its equivalent in the relevant obligation currency) or the quotation amount. ISDA 2003 Term: Minimum Quotation Amount
Element minimumQuotationAmount is defined by the complex type Money
<xsd:element name="minimumQuotationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In the determination of a cash settlement amount, if weighted
average quotations are to be obtained, the minimum quotation
amount specifies a minimum intended threshold amount of
outstanding principal balance of the reference obligation for
which the quote should be obtained. If not specified, the. ISDA
definitions provide for a fallback amount of the lower of either
USD 1,000,000 (or its equivalent in the relevant obligation
currency) or the quotation amount. ISDA 2003 Term: Minimum
Quotation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
In relation to a restructuring credit event, unless multiple holder obligation is not specified restructurings are limited to multiple holder obligations. A multiple holder obligation means an obligation that is held by more than three holders that are not affiliates of each other and where at least two thirds of the holders must agree to the event that constitutes the restructuring credit event. ISDA 2003 Term: Multiple Holder Obligation
Element multipleHolderObligation is defined by the complex type MultipleHolderObligation
<xsd:element name="multipleHolderObligation" type="MultipleHolderObligation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In relation to a restructuring credit event, unless multiple
holder obligation is not specified restructurings are limited to
multiple holder obligations. A multiple holder obligation means
an obligation that is held by more than three holders that are
not affiliates of each other and where at least two thirds of the
holders must agree to the event that constitutes the
restructuring credit event. ISDA 2003 Term: Multiple Holder
Obligation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Where multiple valuation dates are specified as being applicable for cash settlement, this element specifies (a) the number of applicable valuation dates, and (b) the number of business days after satisfaction of all conditions to settlement when the first such valuation date occurs, and (c) the number of business days thereafter of each successive valuation date. ISDA 2003 Term: Multiple Valuation Dates
Element multipleValuationDates is defined by the complex type MultipleValuationDates
<xsd:element name="multipleValuationDates" type="MultipleValuationDates">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where multiple valuation dates are specified as being applicable
for cash settlement, this element specifies (a) the number of
applicable valuation dates, and (b) the number of business days
after satisfaction of all conditions to settlement when the first
such valuation date occurs, and (c) the number of business days
thereafter of each successive valuation date. ISDA 2003 Term:
Multiple Valuation Dates
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. Any obligation that is not a bearer instrument. This applies to Bonds only and is meant to avoid tax, fraud and security/delivery provisions that can potentially be associated with Bearer Bonds. ISDA 2003 Term: Not Bearer
Element notBearer is defined by the complex type DeliverableObligationCharac
<xsd:element name="notBearer" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. Any obligation that is
not a bearer instrument. This applies to Bonds only and is meant
to avoid tax, fraud and security/delivery provisions that can
potentially be associated with Bearer Bonds. ISDA 2003 Term: Not
Bearer
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. In essense Not Contingent means the repayment of principal cannot be dependant on a formula/index, i.e. to prevent the risk of being delivered an instrument that may never pay any element of principal, and to ensure that the obligation is interest bearing (on a regular schedule). ISDA 2003 Term: Not Contingent
Element notContingent is defined by the complex type DeliverableObligationCharac
<xsd:element name="notContingent" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. In essense Not
Contingent means the repayment of principal cannot be dependant
on a formula/index, i.e. to prevent the risk of being delivered
an instrument that may never pay any element of principal, and to
ensure that the obligation is interest bearing (on a regular
schedule). ISDA 2003 Term: Not Contingent
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. Any obligation that is payable in any currency other than the domestic currency. Domestic currency is either the currency so specified or, if no currency is specified, the currency of (a) the reference entity, if the reference entity is a sovereign, or (b) the jurisdiction in which the relevant reference entity is organised, if the reference entity is not a sovereign. ISDA 2003 Term: Not Domestic Currency
Element notDomesticCurrency is defined by the complex type CurrencyObligationCharac
<xsd:element name="notDomesticCurrency" type="CurrencyObligationCharac" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation that is payable in any currency other than the
domestic currency. Domestic currency is either the currency so
specified or, if no currency is specified, the currency of (a)
the reference entity, if the reference entity is a sovereign, or
(b) the jurisdiction in which the relevant reference entity is
organised, if the reference entity is not a sovereign. ISDA 2003
Term: Not Domestic Currency
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. Any obligation other than an obligation that was intended to be offered for sale primarily in the domestic market of the relevant Reference Entity. This specifies that the obligation must be an internationally recognized bond. ISDA 2003 Term: Not Domestic Issuance
Element notDomesticIssuance is defined by the complex type ObligationCharacteristic
<xsd:element name="notDomesticIssuance" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation other than an obligation that was intended to be
offered for sale primarily in the domestic market of the relevant
Reference Entity. This specifies that the obligation must be an
internationally recognized bond. ISDA 2003 Term: Not Domestic
Issuance
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. If the reference entity is a Sovereign, this means any obligation that is not subject to the laws of the reference entity. If the reference entity is not a sovereign, this means any obligation that is not subject to the laws of the jurisdiction of the reference entity. ISDA 2003 Term: Not Domestic Law
Element notDomesticLaw is defined by the complex type ObligationCharacteristic
<xsd:element name="notDomesticLaw" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. If the
reference entity is a Sovereign, this means any obligation that
is not subject to the laws of the reference entity. If the
reference entity is not a sovereign, this means any obligation
that is not subject to the laws of the jurisdiction of the
reference entity. ISDA 2003 Term: Not Domestic Law
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Pointer style references to a party identifier defined elsewhere in the document. The notifying party is the party that notifies the other party when a credit event has occurred by means of a credit event notice. If more than one party is referenced as being the notifying party then either party may notify the other of a credit event occurring. (The only ope. ISDA 2003 Term: Notifying Party
Element notifyingParty is defined by the complex type NotifyingParty
<xsd:element name="notifyingParty" type="NotifyingParty">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Pointer style references to a party identifier defined elsewhere
in the document. The notifying party is the party that notifies
the other party when a credit event has occurred by means of a
credit event notice. If more than one party is referenced as
being the notifying party then either party may notify the other
of a credit event occurring. (The only ope. ISDA 2003 Term:
Notifying Party
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. Any obligation that is not primarily (majority) owed to a Sovereign or Supranational Organization. ISDA 2003 Term: Not Sovereign Lender
Element notSovereignLender is defined by the complex type ObligationCharacteristic
<xsd:element name="notSovereignLender" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation that is not primarily (majority) owed to a Sovereign
or Supranational Organization. ISDA 2003 Term: Not Sovereign
Lender
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. An obligation that ranks at least equal with the most senior Reference Obligation in priority of payment or, if no Reference Obligation is specified in the related Confirmation, the obligations of the Reference Entity that are senior. ISDA 2003 Term: Not Subordinated
Element notSubordinated is defined by the complex type ObligationCharacteristic
<xsd:element name="notSubordinated" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. An
obligation that ranks at least equal with the most senior
Reference Obligation in priority of payment or, if no Reference
Obligation is specified in the related Confirmation, the
obligations of the Reference Entity that are senior. ISDA 2003
Term: Not Subordinated
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Where multiple valuation dates are specified as being applicable for cash settlement, this element specifies (a) the number of applicable valuation dates, and (b) the number of business days after satisfaction of all conditions to settlement when the first such valuation date occurs, and (c) the number of business days thereafter of each successive valuation date. ISDA 2003 Term: Multiple Valuation Dates
Element numberValuationDates is defined by the simple type xsd:integer
<xsd:element name="numberValuationDates" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where multiple valuation dates are specified as being applicable
for cash settlement, this element specifies (a) the number of
applicable valuation dates, and (b) the number of business days
after satisfaction of all conditions to settlement when the first
such valuation date occurs, and (c) the number of business days
thereafter of each successive valuation date. ISDA 2003 Term:
Multiple Valuation Dates
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. One or more of the obligations have been declared due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event other than failure to pay (preferred by the market over Obligation Default, because more definitive and encompasses the definition of Obligation Default - this is more favorable to the Seller). Subject to the default requirement amount. ISDA 2003 Term: Obligation Acceleration
Element obligationAcceleration is defined by the complex type CreditEvent
<xsd:element name="obligationAcceleration" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. One or more of the obligations have been declared
due and payable before they would otherwise have been due and
payable as a result of, or on the basis of, the occurrence of a
default, event of default or other similar condition or event
other than failure to pay (preferred by the market over
Obligation Default, because more definitive and encompasses the
definition of Obligation Default - this is more favorable to the
Seller). Subject to the default requirement amount. ISDA 2003
Term: Obligation Acceleration
</xsd:documentation>
</xsd:annotation>
</xsd:element>
All elements used to represent obligation characteristics belong to the substitution group obligationCharacteristic. ISDA 2003 Term: Obligation Characteristics
Element obligationCharacteristic is defined by the complex type ObligationCharacteristic
<xsd:element name="obligationCharacteristic" type="ObligationCharacteristic" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All elements used to represent obligation characteristics belong
to the substitution group obligationCharacteristic. ISDA 2003
Term: Obligation Characteristics
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. One or more of the obligations have become capable of being declared due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event other than failure to pay. ISDA 2003 Term: Obligation Default
Element obligationDefault is defined by the complex type CreditEvent
<xsd:element name="obligationDefault" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. One or more of the obligations have become
capable of being declared due and payable before they would
otherwise have been due and payable as a result of, or on the
basis of, the occurrence of a default, event of default or other
similar condition or event other than failure to pay. ISDA 2003
Term: Obligation Default
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The underlying obligations of the reference entity on which you are buying or selling protection. The credit events Failure to Pay, Obligation Acceleration, Obligation Default, Restructuring, Repudiation/Moratorium are defined with respect to these obligations. ISDA 2003 Term:
Element obligations is defined by the complex type Obligations
<xsd:element name="obligations" type="Obligations">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The underlying obligations of the reference entity on which you
are buying or selling protection. The credit events Failure to
Pay, Obligation Acceleration, Obligation Default, Restructuring,
Repudiation/Moratorium are defined with respect to these
obligations. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element is used to specify any other obligations of a reference entity in both obligations and deliverable obligations. The obligations can be specified free-form. ISDA 2003 Term: Other Obligations of a Reference Entity
Element othReferenceEntityObligations is defined by the simple type xsd:string
<xsd:element name="othReferenceEntityObligations" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element is used to specify any other obligations of a
reference entity in both obligations and deliverable obligations.
The obligations can be specified free-form. ISDA 2003 Term: Other
Obligations of a Reference Entity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Specifies whether either 'Partial Cash Settlement of Assignable Loans', 'Partial Cash Settlement of Consent Required Loans' or 'Partial Cash Settlement of Participations' is applicable. If this element is specified and Assignable Loan is a Deliverable Obligation Chracteristic, any Assignable Loan that is deliverable, but where a non-receipt of Consent by the Physical Settlement Date has occurred, the Loan can be cash settled rather than physically delivered. If this element is specified and Consent Required Loan is a Deliverable Obligation Characterisitc, any Consent Required Loan that is deliverable, but where a non-receipt of Consent by the Physical Settlement Date has occurred, the Loan can be cash settled rather than physically delivered.If this element is specified and Direct Loan Participation is a Deliverable Obligation Characterisitc, any Participation that is deliverable, but where this participation has not been effected (has not come into effect) by the Physical Settlement Date, the participation can be cash settled rather than physically delivered.
Element partialCashSettlement is defined by the complex type PartialCashSettlement
<xsd:element name="partialCashSettlement" type="PartialCashSettlement">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies whether either 'Partial Cash Settlement of Assignable
Loans', 'Partial Cash Settlement of Consent Required Loans' or
'Partial Cash Settlement of Participations' is applicable. If
this element is specified and Assignable Loan is a Deliverable
Obligation Chracteristic, any Assignable Loan that is
deliverable, but where a non-receipt of Consent by the Physical
Settlement Date has occurred, the Loan can be cash settled rather
than physically delivered. If this element is specified and
Consent Required Loan is a Deliverable Obligation Characterisitc,
any Consent Required Loan that is deliverable, but where a
non-receipt of Consent by the Physical Settlement Date has
occurred, the Loan can be cash settled rather than physically
delivered.If this element is specified and Direct Loan
Participation is a Deliverable Obligation Characterisitc, any
Participation that is deliverable, but where this participation
has not been effected (has not come into effect) by the Physical
Settlement Date, the participation can be cash settled rather
than physically delivered.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Specifies a threshold for the failure to pay credit event. Market standard is USD 1,000,000 (JPY 100,000,000 for Japanese Yen trades) or its equivalent in the relevant obligation currency. This is applied on an aggregate basis across all Obligations of the Reference Entity. Intended to prevent technical/operational errors from triggering credit events. ISDA 2003 Term: Payment Requirement
Element paymentRequirement is defined by the complex type Money
<xsd:element name="paymentRequirement" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies a threshold for the failure to pay credit event. Market
standard is USD 1,000,000 (JPY 100,000,000 for Japanese Yen
trades) or its equivalent in the relevant obligation currency.
This is applied on an aggregate basis across all Obligations of
the Reference Entity. Intended to prevent technical/operational
errors from triggering credit events. ISDA 2003 Term: Payment
Requirement
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Specifies a periodic schedule of fixed amounts that are payable by the buyer to the seller on the fixed rate payer payment dates. The fixed amount to be paid on each payment date can be specified in terms of a known currency amount or as an amount calculated on a formula basis by reference to a per annum fixed rate. The applicable business day convention and business day for adjusting any fixed rate payer payment date if it would otherwise fall on a day that is not a business day are those specified in the dateAdjustments element within the generalTerms component. ISDA 2003 Term:
Element periodicPayment is defined by the complex type PeriodicPayment
<xsd:element name="periodicPayment" type="PeriodicPayment">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies a periodic schedule of fixed amounts that are payable
by the buyer to the seller on the fixed rate payer payment dates.
The fixed amount to be paid on each payment date can be specified
in terms of a known currency amount or as an amount calculated on
a formula basis by reference to a per annum fixed rate. The
applicable business day convention and business day for adjusting
any fixed rate payer payment date if it would otherwise fall on a
day that is not a business day are those specified in the
dateAdjustments element within the generalTerms component. ISDA
2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The number of business days used in the determination of the physical settlement date. The physical settlement date is this number of business days after all applicable conditions to settlement are satisfied. If a number of business days is not specified fallback provisions apply for determining the number of business days. If Section 8.5/8.6 of the 1999/2003. ISDA Definitions are to apply the businessDaysNotSpecified element should be included. If a specified number of business days are to apply these should be specified in the businessDays element. If Section 8.5/8.6 of the 1999/2003. ISDA Definitions are to apply but capped at a maximum number of business days then the maximum number should be specified in the maximumBusinessDays element. ISDA 2003 Term: Physical Settlement Period
Element physicalSettlementPeriod is defined by the complex type PhysicalSettlementPeriod
<xsd:element name="physicalSettlementPeriod" type="PhysicalSettlementPeriod">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days used in the determination of the
physical settlement date. The physical settlement date is this
number of business days after all applicable conditions to
settlement are satisfied. If a number of business days is not
specified fallback provisions apply for determining the number of
business days. If Section 8.5/8.6 of the 1999/2003. ISDA
Definitions are to apply the businessDaysNotSpecified element
should be included. If a specified number of business days are to
apply these should be specified in the businessDays element. If
Section 8.5/8.6 of the 1999/2003. ISDA Definitions are to apply
but capped at a maximum number of business days then the maximum
number should be specified in the maximumBusinessDays element.
ISDA 2003 Term: Physical Settlement Period
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the. ISDA terms relevant to physical settlement for when physical settlement is applicable. ISDA 2003 Term:
Element physicalSettlementTerms is defined by the complex type PhysicalSettlementTerms
<xsd:element name="physicalSettlementTerms" type="PhysicalSettlementTerms" substitutionGroup="settlementTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to physical
settlement for when physical settlement is applicable. ISDA 2003
Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The entity primarily responsible for repaying debt to a creditor as a result of borrowing or issuing bonds. ISDA 2003 Term: Primary Obligor
Element primaryObligor is defined by the simple type xsd:string
<xsd:element name="primaryObligor" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The entity primarily responsible for repaying debt to a creditor
as a result of borrowing or issuing bonds. ISDA 2003 Term:
Primary Obligor
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A pointer style reference to a reference entity defined elsewhere in the document. Used when the reference entity is the primary obligor.
<xsd:element name="primaryObligorReference">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A pointer style reference to a reference entity defined elsewhere
in the document. Used when the reference entity is the primary
obligor.
</xsd:documentation>
</xsd:annotation>
<xsd:complexType>
<xsd:attribute name="href" use="required" type="xsd:IDREF"/>
</xsd:complexType>
</xsd:element>
This element contains all the terms relevant to defining the applicable floating rate payer calculation amount, credit events and associated conditions to settlement, and reference obligations.
Element protectionTerms is defined by the complex type ProtectionTerms
<xsd:element name="protectionTerms" type="ProtectionTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
applicable floating rate payer calculation amount, credit events
and associated conditions to settlement, and reference
obligations.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A specified condition to settlement. Publicly available information means information that reasonably confirms any of the facts relevant to determining that a credit event or potential repudiation/moratorium, as applicable, has occurred. The. ISDA defined list (2003) is the market standard and is considered comprehensive, and a minimum of two differing public sources must have published the relevant information, to declare a Credit Event. ISDA 2003 Term: Notice of Publicly Available Information Applicable
Element publiclyAvailableInformation is defined by the complex type PubliclyAvailableInformation
<xsd:element name="publiclyAvailableInformation" type="PubliclyAvailableInformation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A specified condition to settlement. Publicly available
information means information that reasonably confirms any of the
facts relevant to determining that a credit event or potential
repudiation/moratorium, as applicable, has occurred. The. ISDA
defined list (2003) is the market standard and is considered
comprehensive, and a minimum of two differing public sources must
have published the relevant information, to declare a Credit
Event. ISDA 2003 Term: Notice of Publicly Available Information
Applicable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A public information source, e.g. a particular newspaper or electronic news service, that may publish relevant information used in the determination of whether or not a credit event has occurred. ISDA 2003 Term: Public Source
Element publicSource is defined by the simple type xsd:string
<xsd:element name="publicSource" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A public information source, e.g. a particular newspaper or
electronic news service, that may publish relevant information
used in the determination of whether or not a credit event has
occurred. ISDA 2003 Term: Public Source
</xsd:documentation>
</xsd:annotation>
</xsd:element>
If Direct Loan Participation is specified as a deliverable obligation characteristic, this specifies any requirements for the Qualifying Participation Seller. The requirements may be listed free-form. ISDA 2003 Term: Qualifying Participation Seller
Element qualifyingParticipationSeller is defined by the simple type xsd:string
<xsd:element name="qualifyingParticipationSeller" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If Direct Loan Participation is specified as a deliverable
obligation characteristic, this specifies any requirements for
the Qualifying Participation Seller. The requirements may be
listed free-form. ISDA 2003 Term: Qualifying Participation Seller
</xsd:documentation>
</xsd:annotation>
</xsd:element>
In the determination of a cash settlement amount, if weighted average quotations are to be obtained, the quotation amount specifies an upper limit to the outstanding principal balance of the reference obligation for which the quote should be obtained. If not specified, the. ISDA definitions provide for a fallback amount equal to the floating rate payer calculation amount. ISDA 2003 Term: Quotation Amount
Element quotationAmount is defined by the complex type Money
<xsd:element name="quotationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In the determination of a cash settlement amount, if weighted
average quotations are to be obtained, the quotation amount
specifies an upper limit to the outstanding principal balance of
the reference obligation for which the quote should be obtained.
If not specified, the. ISDA definitions provide for a fallback
amount equal to the floating rate payer calculation amount. ISDA
2003 Term: Quotation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The type of price quotations to be requested from dealers when determining the market value of the reference obligation for purposes of cash settlement. For example, Bid, Offer or Mid-market. ISDA 2003 Term: Quotation Method
Element quotationMethod is defined by the simple type QuotationRateType
<xsd:element name="quotationMethod" type="QuotationRateType">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The type of price quotations to be requested from dealers when
determining the market value of the reference obligation for
purposes of cash settlement. For example, Bid, Offer or
Mid-market. ISDA 2003 Term: Quotation Method
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The corporate or sovereign entity on which you are buying or selling protection and any successor that assumes all or substantially all of its contractual and other obligations. It is vital to use the correct legal name of the entity and to be careful not to choose a subsidiary if you really want to trade protection on a parent company. Please note, Reference Entities cannot be senior or subordinated. It is the obligations of the Reference Entities that can be senior or subordinated. ISDA 2003 Term: Reference Entity
Element referenceEntity is defined by the complex type ReferenceEntity
<xsd:element name="referenceEntity" type="ReferenceEntity">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The corporate or sovereign entity on which you are buying or
selling protection and any successor that assumes all or
substantially all of its contractual and other obligations. It is
vital to use the correct legal name of the entity and to be
careful not to choose a subsidiary if you really want to trade
protection on a parent company. Please note, Reference Entities
cannot be senior or subordinated. It is the obligations of the
Reference Entities that can be senior or subordinated. ISDA 2003
Term: Reference Entity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
This element contains all the terms relevant to defining the reference entity and reference obligation(s).
Element referenceInformation is defined by the complex type ReferenceInformation
<xsd:element name="referenceInformation" type="ReferenceInformation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
reference entity and reference obligation(s).
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The Reference Obligation is a financial instrument that is either issued or guarenteed by the reference entity. It serves to clarify the precise reference entity protection is being offered upon, and its legal position with regard to other related firms (parents/subsidiaries). Furthermore the Reference Obligation is ALWAYS deliverable and establishs the Pari Passu ranking (as the deliverable bonds must rank equal to the reference obligation. ISDA 2003 Term: Reference Obligation
Element referenceObligation is defined by the complex type ReferenceObligation
<xsd:element name="referenceObligation" type="ReferenceObligation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The Reference Obligation is a financial instrument that is either
issued or guarenteed by the reference entity. It serves to
clarify the precise reference entity protection is being offered
upon, and its legal position with regard to other related firms
(parents/subsidiaries). Furthermore the Reference Obligation is
ALWAYS deliverable and establishs the Pari Passu ranking (as the
deliverable bonds must rank equal to the reference obligation.
ISDA 2003 Term: Reference Obligation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Used to determine (a) for physically settled trades, the Physical Settlement Amount, which equals the Floating Rate Payer Notional Amount times the Reference Price and (b) for cash settled trades, the Cash Settlement Amount, which equals the greater of (i) the difference between the Reference Price and the Final Price and (ii) zero. ISDA 2003 Term: Reference Price
Element referencePrice is defined by the simple type xsd:decimal
<xsd:element name="referencePrice" type="xsd:decimal">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Used to determine (a) for physically settled trades, the Physical
Settlement Amount, which equals the Floating Rate Payer Notional
Amount times the Reference Price and (b) for cash settled trades,
the Cash Settlement Amount, which equals the greater of (i) the
difference between the Reference Price and the Final Price and
(ii) zero. ISDA 2003 Term: Reference Price
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. The reference entity, or a governmental authority, either refuses to recognise or challenges the validity of one or more obligations of the reference entity, or imposes a moratorium thereby postponing payments on one or more of the obligations of the reference entity. Subject to the default requirement amount. ISDA 2003 Term: Repudiation/Moratorium
Element repudiationMoratorium is defined by the complex type CreditEvent
<xsd:element name="repudiationMoratorium" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. The reference entity, or a governmental
authority, either refuses to recognise or challenges the validity
of one or more obligations of the reference entity, or imposes a
moratorium thereby postponing payments on one or more of the
obligations of the reference entity. Subject to the default
requirement amount. ISDA 2003 Term: Repudiation/Moratorium
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A credit event. A restructuring is an event that materially impacts the reference entity's obligations, such as an interest rate reduction, principal reduction, deferral of interest or principal, change in priority ranking, or change in currency or composition of payment. ISDA 2003 Term: Restructuring
Element restructuring is defined by the complex type Restructuring
<xsd:element name="restructuring" type="Restructuring" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. A restructuring is an event that materially
impacts the reference entity's obligations, such as an interest
rate reduction, principal reduction, deferral of interest or
principal, change in priority ranking, or change in currency or
composition of payment. ISDA 2003 Term: Restructuring
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Inherited element(s): (This definition inherits the content defined by the type xsd:string)
<xsd:element name="restructuringType">
<xsd:complexType>
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies the type of restructuring that is applicable.
</xsd:documentation>
</xsd:annotation>
<xsd:simpleContent>
<xsd:extension base="xsd:string">
<xsd:attribute name="restructuringScheme" type="xsd:normalizedString"/>
</xsd:extension>
</xsd:simpleContent>
</xsd:complexType>
</xsd:element>
The scheduled date on which the credit protection will lapse. May be specified as an adjusting or non-adjusting date or alternatively as a period offset from the effective date. ISDA 2003 Term: Scheduled Termination Date
Element scheduledTerminationDate is defined by the complex type AdjustableOrRelativeDate
<xsd:element name="scheduledTerminationDate" type="AdjustableOrRelativeDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The scheduled date on which the credit protection will lapse. May
be specified as an adjusting or non-adjusting date or
alternatively as a period offset from the effective date. ISDA
2003 Term: Scheduled Termination Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The physicalSettlementTerms and cdsCashSettlementTerms belong to the settlementTerms substitution group.
Element settlementTerms is defined by the complex type SettlementTerms
<xsd:element name="settlementTerms" type="SettlementTerms" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The physicalSettlementTerms and cdsCashSettlementTerms belong to
the settlementTerms substitution group.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Specified a single fixed amount that is payable by the buyer to the seller on the fixed rate payer payment date. The fixed amount to be paid is specified in terms of a known currency amount. The adjustable payment dat. ISDA 2003 Term:
Element singlePayment is defined by the complex type SinglePayment
<xsd:element name="singlePayment" type="SinglePayment">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specified a single fixed amount that is payable by the buyer to
the seller on the fixed rate payer payment date. The fixed amount
to be paid is specified in terms of a known currency amount. The
adjustable payment dat. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
Where single valuation date is specified as being applicable for cash settlement, this element specifies the number of business days after satisfaction of all conditions to settlement when such valuation date occurs. ISDA 2003 Term: Single Valuation Date
Element singleValuationDate is defined by the complex type SingleValuationDate
<xsd:element name="singleValuationDate" type="SingleValuationDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where single valuation date is specified as being applicable for
cash settlement, this element specifies the number of business
days after satisfaction of all conditions to settlement when such
valuation date occurs. ISDA 2003 Term: Single Valuation Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
An obligation and deliverable obligation characteristic. The currency or currencies in which an obligation or deliverable obligation must be payable. ISDA 2003 Term: Specified Currency
Element specifiedCurrency is defined by the complex type CurrencyObligationCharac
<xsd:element name="specifiedCurrency" type="CurrencyObligationCharac" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. The
currency or currencies in which an obligation or deliverable
obligation must be payable. ISDA 2003 Term: Specified Currency
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The minimum number of the specified public information sources that must publish information that reasonably confirms that a credit event has occurred. The market convention is two. ISDA 2003 Term: Specified Number
Element specifiedNumber is defined by the simple type xsd:integer
<xsd:element name="specifiedNumber" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The minimum number of the specified public information sources
that must publish information that reasonably confirms that a
credit event has occurred. The market convention is two. ISDA
2003 Term: Specified Number
</xsd:documentation>
</xsd:annotation>
</xsd:element>
If this element is specified, indicates that ISDA defined Standard Public Sources are applicable.
Element standardPublicSources is defined by the complex type StandardPublicSources
<xsd:element name="standardPublicSources" type="StandardPublicSources">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates that ISDA defined
Standard Public Sources are applicable.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
A deliverable obligation characteristic. An obligation that is transferable to institutional investors without any contractual, statutory or regulatory restrictions. ISDA 2003 Term: Transferable
Element transferable is defined by the complex type DeliverableObligationCharac
<xsd:element name="transferable" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation that is
transferable to institutional investors without any contractual,
statutory or regulatory restrictions. ISDA 2003 Term:
Transferable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
The ISDA defined methodology for determining the final price of the reference obligation for purposes of cash settlement. For example, Market, Highest etc.
Element valuationMethod is defined by the simple type ValuationMethod
<xsd:element name="valuationMethod" type="ValuationMethod">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The ISDA defined methodology for determining the final price of
the reference obligation for purposes of cash settlement. For
example, Market, Highest etc.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
adjustedPaymentDate (exactly one occurance; of the type xsd:date)
paymentAmount (exactly one occurance; of the type Money)
<xsd:complexType name="AdjustedPaymentDates">
<xsd:sequence>
<xsd:element ref="adjustedPaymentDate"/>
<xsd:element ref="paymentAmount"/>
</xsd:sequence>
</xsd:complexType>
<xsd:complexType name="BusinessDaysNotSpecified"/>
Inherited element(s): (This definition inherits the content defined by the type SettlementTerms)
cdsValuationDate (zero or one occurance; of the type ValuationDate)
cdsValuationTime (zero or one occurance; of the type BusinessCenterTime)
quotationMethod (zero or one occurance; of the type QuotationRateType)
quotationAmount (zero or one occurance; of the type Money)
minimumQuotationAmount (zero or one occurance; of the type Money)
dealer (zero or more occurances; of the type xsd:string)
settlementCurrency (zero or one occurance; with locally defined content)
cashSettlementBusinessDays (zero or one occurance; of the type xsd:integer)
cashSettlementAmount (zero or one occurance; of the type Money)
accruedInterest (zero or one occurance; of the type xsd:boolean)
valuationMethod (zero or one occurance; of the type ValuationMethod)
<xsd:complexType name="CashSettlementTerms">
<xsd:complexContent>
<xsd:extension base="SettlementTerms">
<xsd:sequence>
<xsd:element ref="cdsValuationDate" minOccurs="0"/>
<xsd:element ref="cdsValuationTime" minOccurs="0"/>
<xsd:element ref="quotationMethod" minOccurs="0"/>
<xsd:element ref="quotationAmount" minOccurs="0"/>
<xsd:element ref="minimumQuotationAmount" minOccurs="0"/>
<xsd:element ref="dealer" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="settlementCurrency" minOccurs="0"/>
<xsd:element ref="cashSettlementBusinessDays" minOccurs="0"/>
<xsd:element ref="cashSettlementAmount" minOccurs="0"/>
<xsd:element ref="accruedInterest" minOccurs="0"/>
<xsd:element ref="valuationMethod" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type Product)
generalTerms (exactly one occurance; of the type GeneralTerms)
feeLeg (exactly one occurance; of the type FeeLeg)
protectionTerms (exactly one occurance; of the type ProtectionTerms)
settlementTerms (zero or one occurance; of the type SettlementTerms)
<xsd:complexType name="CreditDefaultSwap">
<xsd:complexContent>
<xsd:extension base="Product">
<xsd:sequence>
<xsd:element ref="generalTerms"/>
<xsd:element ref="feeLeg"/>
<xsd:element ref="protectionTerms"/>
<xsd:element ref="settlementTerms" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:complexType name="CreditEvent"/>
notifyingParty (exactly one occurance; of the type NotifyingParty)
publiclyAvailableInformation (zero or one occurance; of the type PubliclyAvailableInformation)
<xsd:complexType name="CreditEventNotice">
<xsd:sequence>
<xsd:element ref="notifyingParty"/>
<xsd:element ref="publiclyAvailableInformation" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
creditEvent (one or more occurances; of the type CreditEvent)
defaultRequirement (zero or one occurance; of the type Money)
creditEventNotice (zero or one occurance; of the type CreditEventNotice)
<xsd:complexType name="CreditEvents">
<xsd:sequence>
<xsd:element ref="creditEvent" maxOccurs="unbounded"/>
<xsd:element ref="defaultRequirement" minOccurs="0"/>
<xsd:element ref="creditEventNotice" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type ObligationCharacteristic)
currency (zero or more occurances; with locally defined content)
<xsd:complexType name="CurrencyObligationCharac">
<xsd:complexContent>
<xsd:extension base="ObligationCharacteristic">
<xsd:sequence>
<xsd:element ref="currency" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:complexType name="DeliverableObligationCharac"> </xsd:complexType>
accruedInterest (zero or one occurance; of the type xsd:boolean)
category (exactly one occurance; of the type ObligationCategory)
obligationCharacteristic (zero or more occurances; of the type ObligationCharacteristic)
deliverableObligationCharac (zero or more occurances; of the type DeliverableObligationCharac)
excluded (zero or one occurance; of the type xsd:string)
othReferenceEntityObligations (zero or one occurance; of the type xsd:string)
<xsd:complexType name="DeliverableObligations">
<xsd:sequence>
<xsd:element ref="accruedInterest" minOccurs="0"/>
<xsd:element ref="category"/>
<xsd:element ref="obligationCharacteristic" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="deliverableObligationCharac" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="excluded" minOccurs="0"/>
<xsd:element ref="othReferenceEntityObligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type PCDeliverableObligationCharac)
qualifyingParticipationSeller (zero or one occurance; of the type xsd:string)
<xsd:complexType name="DirectLoanParticipation">
<xsd:complexContent>
<xsd:extension base="PCDeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="qualifyingParticipationSeller" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type CreditEvent)
gracePeriodExtension (zero or one occurance; of the type GracePeriodExtension)
paymentRequirement (zero or one occurance; of the type Money)
<xsd:complexType name="FailureToPay">
<xsd:complexContent>
<xsd:extension base="CreditEvent">
<xsd:sequence>
<xsd:element ref="gracePeriodExtension" minOccurs="0"/>
<xsd:element ref="paymentRequirement" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
singlePayment (zero or more occurances; of the type SinglePayment)
periodicPayment (zero or one occurance; of the type PeriodicPayment)
<xsd:complexType name="FeeLeg">
<xsd:sequence>
<xsd:element ref="singlePayment" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="periodicPayment" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
calculationAmount (zero or one occurance; of the type Money)
fixedRate (exactly one occurance; of the type xsd:decimal)
dayCountFraction (zero or one occurance; with locally defined content)
<xsd:complexType name="FixedAmountCalculation">
<xsd:sequence>
<xsd:element ref="calculationAmount" minOccurs="0"/>
<xsd:element ref="fixedRate"/>
<xsd:element ref="dayCountFraction" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
effectiveDate (exactly one occurance; of the type AdjustableDate)
scheduledTerminationDate (exactly one occurance; of the type AdjustableOrRelativeDate)
sellerPartyReference (exactly one occurance; with locally defined content)
buyerPartyReference (exactly one occurance; with locally defined content)
dateAdjustments (zero or one occurance; of the type BusinessDayAdjustments)
referenceInformation (exactly one occurance; of the type ReferenceInformation)
<xsd:complexType name="GeneralTerms">
<xsd:sequence>
<xsd:element ref="effectiveDate"/>
<xsd:element ref="scheduledTerminationDate"/>
<xsd:element ref="sellerPartyReference"/>
<xsd:element ref="buyerPartyReference"/>
<xsd:element ref="dateAdjustments" minOccurs="0"/>
<xsd:element ref="referenceInformation"/>
</xsd:sequence>
</xsd:complexType>
gracePeriod (zero or one occurance; of the type Offset)
<xsd:complexType name="GracePeriodExtension">
<xsd:sequence>
<xsd:element ref="gracePeriod" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type DeliverableObligationCharac)
periodMultiplier (exactly one occurance; of the type xsd:integer)
period (exactly one occurance; with locally defined content)
<xsd:complexType name="MaximumMaturity">
<xsd:complexContent>
<xsd:extension base="DeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="periodMultiplier"/>
<xsd:element ref="period"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:complexType name="MultipleHolderObligation"/>
Inherited element(s): (This definition inherits the content defined by the type SingleValuationDate)
businessDaysThereafter (zero or one occurance; of the type xsd:integer)
numberValuationDates (zero or one occurance; of the type xsd:integer)
<xsd:complexType name="MultipleValuationDates">
<xsd:complexContent>
<xsd:extension base="SingleValuationDate">
<xsd:sequence>
<xsd:element ref="businessDaysThereafter" minOccurs="0"/>
<xsd:element ref="numberValuationDates" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
buyerPartyReference (exactly one occurance; with locally defined content)
sellerPartyReference (zero or one occurance; with locally defined content)
<xsd:complexType name="NotifyingParty">
<xsd:sequence>
<xsd:element ref="buyerPartyReference"/>
<xsd:element ref="sellerPartyReference" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:complexType name="ObligationCharacteristic"/>
category (exactly one occurance; of the type ObligationCategory)
obligationCharacteristic (zero or more occurances; of the type ObligationCharacteristic)
excluded (zero or one occurance; of the type xsd:string)
othReferenceEntityObligations (zero or one occurance; of the type xsd:string)
<xsd:complexType name="Obligations">
<xsd:sequence>
<xsd:element ref="category"/>
<xsd:element ref="obligationCharacteristic" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="excluded" minOccurs="0"/>
<xsd:element ref="othReferenceEntityObligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:complexType name="PartialCashSettlement"/>
Inherited element(s): (This definition inherits the content defined by the type DeliverableObligationCharac)
partialCashSettlement (zero or one occurance; of the type PartialCashSettlement)
<xsd:complexType name="PCDeliverableObligationCharac">
<xsd:complexContent>
<xsd:extension base="DeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="partialCashSettlement" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
paymentFrequency (exactly one occurance; of the type Interval)
firstPaymentDate (zero or one occurance; of the type xsd:date)
lastRegularPaymentDate (zero or one occurance; of the type xsd:date)
rollConvention (exactly one occurance; with locally defined content)
Either
fixedAmount (exactly one occurance; of the type Money)
Or
fixedAmountCalculation (exactly one occurance; of the type FixedAmountCalculation)
adjustedPaymentDates (zero or more occurances; of the type AdjustedPaymentDates)
<xsd:complexType name="PeriodicPayment">
<xsd:sequence>
<xsd:element ref="paymentFrequency"/>
<xsd:element ref="firstPaymentDate" minOccurs="0"/>
<xsd:element ref="lastRegularPaymentDate" minOccurs="0"/>
<xsd:element ref="rollConvention"/>
<xsd:choice>
<xsd:element ref="fixedAmount"/>
<xsd:element ref="fixedAmountCalculation"/>
</xsd:choice>
<xsd:element ref="adjustedPaymentDates" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:complexType>
Either
businessDaysNotSpecified (exactly one occurance; of the type BusinessDaysNotSpecified)
Or
businessDays (exactly one occurance; of the type xsd:integer)
Or
maximumBusinessDays (exactly one occurance; of the type xsd:integer)
<xsd:complexType name="PhysicalSettlementPeriod">
<xsd:choice>
<xsd:element ref="businessDaysNotSpecified"/>
<xsd:element ref="businessDays"/>
<xsd:element ref="maximumBusinessDays"/>
</xsd:choice>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type SettlementTerms)
physicalSettlementPeriod (zero or one occurance; of the type PhysicalSettlementPeriod)
deliverableObligations (exactly one occurance; of the type DeliverableObligations)
escrow (zero or one occurance; of the type xsd:boolean)
<xsd:complexType name="PhysicalSettlementTerms">
<xsd:complexContent>
<xsd:extension base="SettlementTerms">
<xsd:sequence>
<xsd:element ref="physicalSettlementPeriod" minOccurs="0"/>
<xsd:element ref="deliverableObligations"/>
<xsd:element ref="escrow" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
calculationAmount (exactly one occurance; of the type Money)
creditEvents (zero or one occurance; of the type CreditEvents)
obligations (zero or one occurance; of the type Obligations)
<xsd:complexType name="ProtectionTerms">
<xsd:sequence>
<xsd:element ref="calculationAmount"/>
<xsd:element ref="creditEvents" minOccurs="0"/>
<xsd:element ref="obligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
standardPublicSources (zero or one occurance; of the type StandardPublicSources)
publicSource (zero or more occurances; of the type xsd:string)
specifiedNumber (zero or one occurance; of the type xsd:integer)
<xsd:complexType name="PubliclyAvailableInformation">
<xsd:sequence>
<xsd:element ref="standardPublicSources" minOccurs="0"/>
<xsd:element ref="publicSource" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="specifiedNumber" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type xsd:string)
<xsd:complexType name="ReferenceEntity">
<xsd:simpleContent>
<xsd:extension base="xsd:string">
<xsd:attribute name="id" type="xsd:ID"/>
<xsd:attribute name="referenceEntityScheme" type="xsd:normalizedString"/>
</xsd:extension>
</xsd:simpleContent>
</xsd:complexType>
referenceEntity (exactly one occurance; of the type ReferenceEntity)
referenceObligation (zero or more occurances; of the type ReferenceObligation)
<xsd:complexType name="ReferenceInformation">
<xsd:sequence>
<xsd:element ref="referenceEntity"/>
<xsd:element ref="referenceObligation" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:complexType>
Either
bond (exactly one occurance; with locally defined content)
Or
convertibleBond (exactly one occurance; with locally defined content)
Either
primaryObligor (exactly one occurance; of the type xsd:string)
Or
primaryObligorReference (exactly one occurance; with locally defined content)
Either
guarantor (exactly one occurance; of the type xsd:string)
Or
guarantorReference (exactly one occurance; with locally defined content)
allGuarantees (zero or one occurance; of the type xsd:boolean)
referencePrice (zero or one occurance; of the type xsd:decimal)
<xsd:complexType name="ReferenceObligation">
<xsd:sequence>
<xsd:choice>
<xsd:element ref="bond"/>
<xsd:element ref="convertibleBond"/>
</xsd:choice>
<xsd:choice minOccurs="0">
<xsd:element ref="primaryObligor"/>
<xsd:element ref="primaryObligorReference"/>
</xsd:choice>
<xsd:choice minOccurs="0" maxOccurs="unbounded">
<xsd:element ref="guarantor"/>
<xsd:element ref="guarantorReference"/>
</xsd:choice>
<xsd:element ref="allGuarantees" minOccurs="0"/>
<xsd:element ref="referencePrice" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
Inherited element(s): (This definition inherits the content defined by the type CreditEvent)
restructuringType (exactly one occurance; with locally defined content)
multipleHolderObligation (zero or one occurance; of the type MultipleHolderObligation)
<xsd:complexType name="Restructuring">
<xsd:complexContent>
<xsd:extension base="CreditEvent">
<xsd:sequence>
<xsd:element ref="restructuringType"/>
<xsd:element ref="multipleHolderObligation" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:complexType name="SettlementTerms"/>
adjustablePaymentDate (exactly one occurance; of the type xsd:date)
adjustedPaymentDate (zero or one occurance; of the type xsd:date)
fixedAmount (exactly one occurance; of the type Money)
<xsd:complexType name="SinglePayment">
<xsd:sequence>
<xsd:element ref="adjustablePaymentDate"/>
<xsd:element ref="adjustedPaymentDate" minOccurs="0"/>
<xsd:element ref="fixedAmount"/>
</xsd:sequence>
</xsd:complexType>
businessDays (zero or one occurance; of the type xsd:integer)
<xsd:complexType name="SingleValuationDate">
<xsd:sequence>
<xsd:element ref="businessDays" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:complexType name="StandardPublicSources"/>
Either
singleValuationDate (exactly one occurance; of the type SingleValuationDate)
Or
multipleValuationDates (exactly one occurance; of the type MultipleValuationDates)
<xsd:complexType name="ValuationDate">
<xsd:choice>
<xsd:element ref="singleValuationDate"/>
<xsd:element ref="multipleValuationDates"/>
</xsd:choice>
</xsd:complexType>
Inherited element(s): (This definition restricts the content defined by the type xsd:normalizedString)
<xsd:simpleType name="ObligationCategory">
<xsd:restriction base="xsd:normalizedString">
<xsd:enumeration value="Payment"/>
<xsd:enumeration value="Borrowed Money"/>
<xsd:enumeration value="Reference Obligations Only"/>
<xsd:enumeration value="Bond"/>
<xsd:enumeration value="Loan"/>
<xsd:enumeration value="Bond or Loan"/>
</xsd:restriction>
</xsd:simpleType>
Inherited element(s): (This definition restricts the content defined by the type xsd:string)
<xsd:simpleType name="ValuationMethod">
<xsd:restriction base="xsd:string">
<xsd:enumeration value="Market"/>
<xsd:enumeration value="Highest"/>
<xsd:enumeration value="Average Market"/>
<xsd:enumeration value="Average Highest"/>
<xsd:enumeration value="Blended Market"/>
<xsd:enumeration value="Blended Highest"/>
<xsd:enumeration value="Average Blended Market"/>
<xsd:enumeration value="Average Blended Highest"/>
</xsd:restriction>
</xsd:simpleType>
<xsd:schema targetNamespace="http://www.fpml.org/2003/FpML-4-0" elementFormDefault="qualified" attributeFormDefault="unqualified">
<xsd:include schemaLocation="fpml-shared-4-0.xsd"/>
<xsd:include schemaLocation="fpml-ird-4-0.xsd"/>
<xsd:include schemaLocation="fpml-eqs-4-0.xsd"/>
<xsd:include schemaLocation="fpml-eqd-4-0.xsd"/>
<xsd:element name="creditDefaultSwap" type="CreditDefaultSwap" substitutionGroup="product">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In a credit default swap one party (the protection seller)
agrees to compensate another party (the protection buyer) if a
specified company or Sovereign (the reference entity)
experiences a credit event, indicating it is or may be unable
to service its debts. The protection seller is typically paid a
fee and/or premium, expressed as an annualized percent of the
notional in basis points, regularly over the life of the
transaction or otherwise as agreed by the parties.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="CreditDefaultSwap">
<xsd:complexContent>
<xsd:extension base="Product">
<xsd:sequence>
<xsd:element ref="generalTerms"/>
<xsd:element ref="feeLeg"/>
<xsd:element ref="protectionTerms"/>
<xsd:element ref="settlementTerms" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="generalTerms" type="GeneralTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the the data that appears in the
section entitled "1. General Terms" in the 2003. ISDA Credit
Derivatives Confirmation.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="GeneralTerms">
<xsd:sequence>
<xsd:element ref="effectiveDate"/>
<xsd:element ref="scheduledTerminationDate"/>
<xsd:element ref="sellerPartyReference"/>
<xsd:element ref="buyerPartyReference"/>
<xsd:element ref="dateAdjustments" minOccurs="0"/>
<xsd:element ref="referenceInformation"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="scheduledTerminationDate" type="AdjustableOrRelativeDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The scheduled date on which the credit protection will lapse.
May be specified as an adjusting or non-adjusting date or
alternatively as a period offset from the effective date. ISDA
2003 Term: Scheduled Termination Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="referenceInformation" type="ReferenceInformation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
reference entity and reference obligation(s).
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ReferenceInformation">
<xsd:sequence>
<xsd:element ref="referenceEntity"/>
<xsd:element ref="referenceObligation" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="referenceEntity" type="ReferenceEntity">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The corporate or sovereign entity on which you are buying or
selling protection and any successor that assumes all or
substantially all of its contractual and other obligations. It
is vital to use the correct legal name of the entity and to be
careful not to choose a subsidiary if you really want to trade
protection on a parent company. Please note, Reference Entities
cannot be senior or subordinated. It is the obligations of the
Reference Entities that can be senior or subordinated. ISDA
2003 Term: Reference Entity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ReferenceEntity">
<xsd:simpleContent>
<xsd:extension base="xsd:string">
<xsd:attribute name="id" type="xsd:ID"/>
<xsd:attribute name="referenceEntityScheme" type="xsd:normalizedString"/>
</xsd:extension>
</xsd:simpleContent>
</xsd:complexType>
<xsd:element name="referenceObligation" type="ReferenceObligation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The Reference Obligation is a financial instrument that is
either issued or guarenteed by the reference entity. It serves
to clarify the precise reference entity protection is being
offered upon, and its legal position with regard to other
related firms (parents/subsidiaries). Furthermore the Reference
Obligation is ALWAYS deliverable and establishs the Pari Passu
ranking (as the deliverable bonds must rank equal to the
reference obligation. ISDA 2003 Term: Reference Obligation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ReferenceObligation">
<xsd:sequence>
<xsd:choice>
<xsd:element ref="bond"/>
<xsd:element ref="convertibleBond"/>
</xsd:choice>
<xsd:choice minOccurs="0">
<xsd:element ref="primaryObligor"/>
<xsd:element ref="primaryObligorReference"/>
</xsd:choice>
<xsd:choice minOccurs="0" maxOccurs="unbounded">
<xsd:element ref="guarantor"/>
<xsd:element ref="guarantorReference"/>
</xsd:choice>
<xsd:element ref="allGuarantees" minOccurs="0"/>
<xsd:element ref="referencePrice" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="primaryObligor" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The entity primarily responsible for repaying debt to a
creditor as a result of borrowing or issuing bonds. ISDA 2003
Term: Primary Obligor
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="primaryObligorReference">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A pointer style reference to a reference entity defined
elsewhere in the document. Used when the reference entity is
the primary obligor.
</xsd:documentation>
</xsd:annotation>
<xsd:complexType>
<xsd:attribute name="href" use="required" type="xsd:IDREF"/>
</xsd:complexType>
</xsd:element>
<xsd:element name="guarantor" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The party that guarantees by way of a contractual arrangement
to pay the debts of an obligor if the obligor is unable to make
the required payments itself. ISDA 2003 Term: Guarantor
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="guarantorReference">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A pointer style reference to a reference entity defined
elsewhere in the document. Used when the reference entity is
the guarantor.
</xsd:documentation>
</xsd:annotation>
<xsd:complexType>
<xsd:attribute name="href" use="required" type="xsd:IDREF"/>
</xsd:complexType>
</xsd:element>
<xsd:element name="allGuarantees" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Indicates whether an obligation of the Reference Entity,
guaranteed by the Reference Entity on behalf of a
non-Affiliate, is to be considered an Obligation for the
purpose of the transaction. It will be considered an obligation
if allGuarantees is applicable (true) and not if allGuarantees
is inapplicable (false). ISDA 2003 Term: All Guarantees
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="referencePrice" type="xsd:decimal">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Used to determine (a) for physically settled trades, the
Physical Settlement Amount, which equals the Floating Rate
Payer Notional Amount times the Reference Price and (b) for
cash settled trades, the Cash Settlement Amount, which equals
the greater of (i) the difference between the Reference Price
and the Final Price and (ii) zero. ISDA 2003 Term: Reference
Price
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="feeLeg" type="FeeLeg">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
fixed amounts/payments per the applicable. ISDA definitions.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="FeeLeg">
<xsd:sequence>
<xsd:element ref="singlePayment" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="periodicPayment" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="singlePayment" type="SinglePayment">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specified a single fixed amount that is payable by the buyer to
the seller on the fixed rate payer payment date. The fixed
amount to be paid is specified in terms of a known currency
amount. The adjustable payment dat. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="SinglePayment">
<xsd:sequence>
<xsd:element ref="adjustablePaymentDate"/>
<xsd:element ref="adjustedPaymentDate" minOccurs="0"/>
<xsd:element ref="fixedAmount"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="adjustablePaymentDate" type="xsd:date">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A fixed amount payment date that shall be subject to adjustment
in accordance with the applicable business day convention if it
would otherwise fall on a day that is not a business day. The
applicable business day convention and business day are those
specified in the dateAdjustments element within the
generalTerms component. ISDA 2003 Term: Fixed Rate Payer
Payment Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="fixedAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A fixed payment amount. ISDA 2003 Term: Fixed Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="periodicPayment" type="PeriodicPayment">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies a periodic schedule of fixed amounts that are payable
by the buyer to the seller on the fixed rate payer payment
dates. The fixed amount to be paid on each payment date can be
specified in terms of a known currency amount or as an amount
calculated on a formula basis by reference to a per annum fixed
rate. The applicable business day convention and business day
for adjusting any fixed rate payer payment date if it would
otherwise fall on a day that is not a business day are those
specified in the dateAdjustments element within the
generalTerms component. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="PeriodicPayment">
<xsd:sequence>
<xsd:element ref="paymentFrequency"/>
<xsd:element ref="firstPaymentDate" minOccurs="0"/>
<xsd:element ref="lastRegularPaymentDate" minOccurs="0"/>
<xsd:element ref="rollConvention"/>
<xsd:choice>
<xsd:element ref="fixedAmount"/>
<xsd:element ref="fixedAmountCalculation"/>
</xsd:choice>
<xsd:element ref="adjustedPaymentDates" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="fixedAmountCalculation" type="FixedAmountCalculation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to calculating a
fixed amount where the fixed amount is calculated by reference
to a per annum fixed rate. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="FixedAmountCalculation">
<xsd:sequence>
<xsd:element ref="calculationAmount" minOccurs="0"/>
<xsd:element ref="fixedRate"/>
<xsd:element ref="dayCountFraction" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="adjustedPaymentDates" type="AdjustedPaymentDates">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An optional cashflow-like structure allowing the equivalent
representation of the periodic fixed payments in terms of a
series of adjusted payment dates and amounts. This is intended
to support application integration within an organisation and
is not intended for use in inter-firm communication or
confirmations. ISDA 2003 Term: Fixed Rate Payer Payment Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="AdjustedPaymentDates">
<xsd:sequence>
<xsd:element ref="adjustedPaymentDate"/>
<xsd:element ref="paymentAmount"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="protectionTerms" type="ProtectionTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the terms relevant to defining the
applicable floating rate payer calculation amount, credit
events and associated conditions to settlement, and reference
obligations.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ProtectionTerms">
<xsd:sequence>
<xsd:element ref="calculationAmount"/>
<xsd:element ref="creditEvents" minOccurs="0"/>
<xsd:element ref="obligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="calculationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The notional amount of protection coverage (the fixed rate
payer calculation amount or the floating rate payer calculation
amount as the case may be). ISDA 2003 Term: Fixed/Floating Rate
Payer Calculation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="creditEvents" type="CreditEvents">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relating to credit
events.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="CreditEvents">
<xsd:sequence>
<xsd:element ref="creditEvent" maxOccurs="unbounded"/>
<xsd:element ref="defaultRequirement" minOccurs="0"/>
<xsd:element ref="creditEventNotice" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="creditEvent" type="CreditEvent" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All credit event elements belong to the creditEvent
substitution group.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="bankruptcy" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. The reference entity has been dissolved or has
become insolvent. It also covers events that may be a precursor
to insolvency such as instigation of bankruptcy or insolvency
proceedings. Sovereign trades are not subject to Bankruptcy as
"technically" a Sovereign cannot become bankrupt. ISDA 2003
Term: Bankruptcy
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="failureToPay" type="FailureToPay" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. This credit event triggers, after the
expiration of any applicable grace period, if the reference
entity fails to make due payments in an aggregrate amount of
not less than the payment requirement on one or more
obligations (e.g. a missed coupon payment). ISDA 2003 Term:
Failure to Pay
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="obligationDefault" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. One or more of the obligations have become
capable of being declared due and payable before they would
otherwise have been due and payable as a result of, or on the
basis of, the occurrence of a default, event of default or
other similar condition or event other than failure to pay.
ISDA 2003 Term: Obligation Default
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="obligationAcceleration" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. One or more of the obligations have been
declared due and payable before they would otherwise have been
due and payable as a result of, or on the basis of, the
occurrence of a default, event of default or other similar
condition or event other than failure to pay (preferred by the
market over Obligation Default, because more definitive and
encompasses the definition of Obligation Default - this is more
favorable to the Seller). Subject to the default requirement
amount. ISDA 2003 Term: Obligation Acceleration
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="repudiationMoratorium" type="CreditEvent" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. The reference entity, or a governmental
authority, either refuses to recognise or challenges the
validity of one or more obligations of the reference entity, or
imposes a moratorium thereby postponing payments on one or more
of the obligations of the reference entity. Subject to the
default requirement amount. ISDA 2003 Term:
Repudiation/Moratorium
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="restructuring" type="Restructuring" substitutionGroup="creditEvent">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A credit event. A restructuring is an event that materially
impacts the reference entity's obligations, such as an interest
rate reduction, principal reduction, deferral of interest or
principal, change in priority ranking, or change in currency or
composition of payment. ISDA 2003 Term: Restructuring
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="CreditEvent"/>
<xsd:complexType name="FailureToPay">
<xsd:complexContent>
<xsd:extension base="CreditEvent">
<xsd:sequence>
<xsd:element ref="gracePeriodExtension" minOccurs="0"/>
<xsd:element ref="paymentRequirement" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="gracePeriodExtension" type="GracePeriodExtension">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates whether or not a grace
period extension is applicable. ISDA 2003 Term: Grace Period
Extension Applicable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="GracePeriodExtension">
<xsd:sequence>
<xsd:element ref="gracePeriod" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="gracePeriod" type="Offset">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of calendar or business days after any due date that
the reference entity has to fulfil its obligations before a
failure to pay credit event is deemed to have occurred. ISDA
2003 Term: Grace Period
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="paymentRequirement" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies a threshold for the failure to pay credit event.
Market standard is USD 1,000,000 (JPY 100,000,000 for Japanese
Yen trades) or its equivalent in the relevant obligation
currency. This is applied on an aggregate basis across all
Obligations of the Reference Entity. Intended to prevent
technical/operational errors from triggering credit events.
ISDA 2003 Term: Payment Requirement
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="Restructuring">
<xsd:complexContent>
<xsd:extension base="CreditEvent">
<xsd:sequence>
<xsd:element ref="restructuringType"/>
<xsd:element ref="multipleHolderObligation" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="restructuringType">
<xsd:complexType>
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies the type of restructuring that is applicable.
</xsd:documentation>
</xsd:annotation>
<xsd:simpleContent>
<xsd:extension base="xsd:string">
<xsd:attribute name="restructuringScheme" type="xsd:normalizedString"/>
</xsd:extension>
</xsd:simpleContent>
</xsd:complexType>
</xsd:element>
<xsd:element name="multipleHolderObligation" type="MultipleHolderObligation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In relation to a restructuring credit event, unless multiple
holder obligation is not specified restructurings are limited
to multiple holder obligations. A multiple holder obligation
means an obligation that is held by more than three holders
that are not affiliates of each other and where at least two
thirds of the holders must agree to the event that constitutes
the restructuring credit event. ISDA 2003 Term: Multiple Holder
Obligation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="MultipleHolderObligation"/>
<xsd:element name="defaultRequirement" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In relation to certain credit events, serves as a threshold for
Obligation Acceleration, Obligation Default,
Repudiation/Moratorium and Restructuring. Market standard is
USD 10,000,000 (JPY 1,000,000,000 for all Japanese Yen trades).
This is applied on an aggregate or total basis across all
Obligations of the Reference Entity. Used to prevent
technical/operational errors from triggering credit events.
ISDA 2003 Term: Default Requirement
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="creditEventNotice" type="CreditEventNotice">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A specified condition to settlement. An irrevocable written or
verbal notice that describes a credit event that has occurred.
The notice is sent from the notifying party (either the buyer
or the seller) to the counterparty. It provides information
relevant to determining that a credit event has occurred. This
is typically accompanied by Publicly Available Information.
ISDA 2003 Term: Credit Event Notice
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="CreditEventNotice">
<xsd:sequence>
<xsd:element ref="notifyingParty"/>
<xsd:element ref="publiclyAvailableInformation" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="notifyingParty" type="NotifyingParty">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Pointer style references to a party identifier defined
elsewhere in the document. The notifying party is the party
that notifies the other party when a credit event has occurred
by means of a credit event notice. If more than one party is
referenced as being the notifying party then either party may
notify the other of a credit event occurring. (The only ope.
ISDA 2003 Term: Notifying Party
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="NotifyingParty">
<xsd:sequence>
<xsd:element ref="buyerPartyReference"/>
<xsd:element ref="sellerPartyReference" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="publiclyAvailableInformation" type="PubliclyAvailableInformation">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A specified condition to settlement. Publicly available
information means information that reasonably confirms any of
the facts relevant to determining that a credit event or
potential repudiation/moratorium, as applicable, has occurred.
The. ISDA defined list (2003) is the market standard and is
considered comprehensive, and a minimum of two differing public
sources must have published the relevant information, to
declare a Credit Event. ISDA 2003 Term: Notice of Publicly
Available Information Applicable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="PubliclyAvailableInformation">
<xsd:sequence>
<xsd:element ref="standardPublicSources" minOccurs="0"/>
<xsd:element ref="publicSource" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="specifiedNumber" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="standardPublicSources" type="StandardPublicSources">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates that ISDA defined
Standard Public Sources are applicable.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="StandardPublicSources"/>
<xsd:element name="publicSource" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A public information source, e.g. a particular newspaper or
electronic news service, that may publish relevant information
used in the determination of whether or not a credit event has
occurred. ISDA 2003 Term: Public Source
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="specifiedNumber" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The minimum number of the specified public information sources
that must publish information that reasonably confirms that a
credit event has occurred. The market convention is two. ISDA
2003 Term: Specified Number
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="obligations" type="Obligations">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The underlying obligations of the reference entity on which you
are buying or selling protection. The credit events Failure to
Pay, Obligation Acceleration, Obligation Default,
Restructuring, Repudiation/Moratorium are defined with respect
to these obligations. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="Obligations">
<xsd:sequence>
<xsd:element ref="category"/>
<xsd:element ref="obligationCharacteristic" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="excluded" minOccurs="0"/>
<xsd:element ref="othReferenceEntityObligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="category" type="ObligationCategory">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Used in both obligations and deliverable obligations to
represent a class or type of securities which apply. ISDA 2003
Term: Obligation Category/Deliverable Obligation Category
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:simpleType name="ObligationCategory">
<xsd:restriction base="xsd:normalizedString">
<xsd:enumeration value="Payment"/>
<xsd:enumeration value="Borrowed Money"/>
<xsd:enumeration value="Reference Obligations Only"/>
<xsd:enumeration value="Bond"/>
<xsd:enumeration value="Loan"/>
<xsd:enumeration value="Bond or Loan"/>
</xsd:restriction>
</xsd:simpleType>
<xsd:element name="obligationCharacteristic" type="ObligationCharacteristic" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All elements used to represent obligation characteristics
belong to the substitution group obligationCharacteristic. ISDA
2003 Term: Obligation Characteristics
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notSubordinated" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. An
obligation that ranks at least equal with the most senior
Reference Obligation in priority of payment or, if no Reference
Obligation is specified in the related Confirmation, the
obligations of the Reference Entity that are senior. ISDA 2003
Term: Not Subordinated
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="specifiedCurrency" type="CurrencyObligationCharac" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. The
currency or currencies in which an obligation or deliverable
obligation must be payable. ISDA 2003 Term: Specified Currency
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notSovereignLender" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation that is not primarily (majority) owed to a Sovereign
or Supranational Organization. ISDA 2003 Term: Not Sovereign
Lender
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notDomesticCurrency" type="CurrencyObligationCharac" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation that is payable in any currency other than the
domestic currency. Domestic currency is either the currency so
specified or, if no currency is specified, the currency of (a)
the reference entity, if the reference entity is a sovereign,
or (b) the jurisdiction in which the relevant reference entity
is organised, if the reference entity is not a sovereign. ISDA
2003 Term: Not Domestic Currency
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notDomesticLaw" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. If the
reference entity is a Sovereign, this means any obligation that
is not subject to the laws of the reference entity. If the
reference entity is not a sovereign, this means any obligation
that is not subject to the laws of the jurisdiction of the
reference entity. ISDA 2003 Term: Not Domestic Law
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="listed" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic.
Indicates whether or not the obligation is quoted, listed or
ordinarily purchased and sold on an exchange. ISDA 2003 Term:
Listed
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notDomesticIssuance" type="ObligationCharacteristic" substitutionGroup="obligationCharacteristic">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An obligation and deliverable obligation characteristic. Any
obligation other than an obligation that was intended to be
offered for sale primarily in the domestic market of the
relevant Reference Entity. This specifies that the obligation
must be an internationally recognized bond. ISDA 2003 Term: Not
Domestic Issuance
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ObligationCharacteristic"/>
<xsd:complexType name="CurrencyObligationCharac">
<xsd:complexContent>
<xsd:extension base="ObligationCharacteristic">
<xsd:sequence>
<xsd:element ref="currency" minOccurs="0" maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="excluded" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A free format string to specify any excluded obligations or
deliverable obligations, as the case may be, of the reference
entity or excluded types of obligations or deliverable
obligations. ISDA 2003 Term: Excluded Obligations/Excluded
Deliverable Obligations
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="othReferenceEntityObligations" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element is used to specify any other obligations of a
reference entity in both obligations and deliverable
obligations. The obligations can be specified free-form. ISDA
2003 Term: Other Obligations of a Reference Entity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="settlementTerms" type="SettlementTerms" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The physicalSettlementTerms and cdsCashSettlementTerms belong
to the settlementTerms substitution group.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="cdsCashSettlementTerms" type="CashSettlementTerms" substitutionGroup="settlementTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to cash
settlement for when cash settlement is applicable. ISDA 2003
Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="physicalSettlementTerms" type="PhysicalSettlementTerms" substitutionGroup="settlementTerms">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to physical
settlement for when physical settlement is applicable. ISDA
2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="SettlementTerms"/>
<xsd:complexType name="CashSettlementTerms">
<xsd:complexContent>
<xsd:extension base="SettlementTerms">
<xsd:sequence>
<xsd:element ref="cdsValuationDate" minOccurs="0"/>
<xsd:element ref="cdsValuationTime" minOccurs="0"/>
<xsd:element ref="quotationMethod" minOccurs="0"/>
<xsd:element ref="quotationAmount" minOccurs="0"/>
<xsd:element ref="minimumQuotationAmount" minOccurs="0"/>
<xsd:element ref="dealer" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="settlementCurrency" minOccurs="0"/>
<xsd:element ref="cashSettlementBusinessDays" minOccurs="0"/>
<xsd:element ref="cashSettlementAmount" minOccurs="0"/>
<xsd:element ref="accruedInterest" minOccurs="0"/>
<xsd:element ref="valuationMethod" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="cdsValuationDate" type="ValuationDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days after conditions to settlement have
been satisfied when the calculation agent obtains a price
quotation on the Reference Obligation for purposes of cash
settlement. There may be one or more valuation dates. This is
typically specified if the cash settlement amount is not a
fixed amount. ISDA 2003 Term: Valuation Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="ValuationDate">
<xsd:choice>
<xsd:element ref="singleValuationDate"/>
<xsd:element ref="multipleValuationDates"/>
</xsd:choice>
</xsd:complexType>
<xsd:element name="singleValuationDate" type="SingleValuationDate">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where single valuation date is specified as being applicable
for cash settlement, this element specifies the number of
business days after satisfaction of all conditions to
settlement when such valuation date occurs. ISDA 2003 Term:
Single Valuation Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="SingleValuationDate">
<xsd:sequence>
<xsd:element ref="businessDays" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="businessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A number of business days. Its precise meaning is dependant on
the context in which this element is used. ISDA 2003 Term:
Business Day
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="multipleValuationDates" type="MultipleValuationDates">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where multiple valuation dates are specified as being
applicable for cash settlement, this element specifies (a) the
number of applicable valuation dates, and (b) the number of
business days after satisfaction of all conditions to
settlement when the first such valuation date occurs, and (c)
the number of business days thereafter of each successive
valuation date. ISDA 2003 Term: Multiple Valuation Dates
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="MultipleValuationDates">
<xsd:complexContent>
<xsd:extension base="SingleValuationDate">
<xsd:sequence>
<xsd:element ref="businessDaysThereafter" minOccurs="0"/>
<xsd:element ref="numberValuationDates" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="businessDaysThereafter" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days between successive valuation dates
when multiple valuation dates are applicable for cash
settlement. ISDA 2003 Term: Business Days thereafter
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="numberValuationDates" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Where multiple valuation dates are specified as being
applicable for cash settlement, this element specifies (a) the
number of applicable valuation dates, and (b) the number of
business days after satisfaction of all conditions to
settlement when the first such valuation date occurs, and (c)
the number of business days thereafter of each successive
valuation date. ISDA 2003 Term: Multiple Valuation Dates
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="cdsValuationTime" type="BusinessCenterTime">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The time of day in the specified business center when the
calculation agent seeks quotations for an amount of the
reference obligation for purposes of cash settlement. ISDA 2003
Term: Valuation Time
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="quotationMethod" type="QuotationRateType">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The type of price quotations to be requested from dealers when
determining the market value of the reference obligation for
purposes of cash settlement. For example, Bid, Offer or
Mid-market. ISDA 2003 Term: Quotation Method
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="quotationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In the determination of a cash settlement amount, if weighted
average quotations are to be obtained, the quotation amount
specifies an upper limit to the outstanding principal balance
of the reference obligation for which the quote should be
obtained. If not specified, the. ISDA definitions provide for a
fallback amount equal to the floating rate payer calculation
amount. ISDA 2003 Term: Quotation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="minimumQuotationAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
In the determination of a cash settlement amount, if weighted
average quotations are to be obtained, the minimum quotation
amount specifies a minimum intended threshold amount of
outstanding principal balance of the reference obligation for
which the quote should be obtained. If not specified, the. ISDA
definitions provide for a fallback amount of the lower of
either USD 1,000,000 (or its equivalent in the relevant
obligation currency) or the quotation amount. ISDA 2003 Term:
Minimum Quotation Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="dealer" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A dealer from whom quotations are obtained by the calculation
agent on the reference obligation for purposes of cash
settlement. ISDA 2003 Term: Dealer
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="cashSettlementBusinessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days used in the determination of the
cash settlement payment date. If a cash settlement amount is
specified, the cash settlement payment date will be this number
of business days following the calculation of the final price.
If a cash settlement amount is not specified, the cash
settlement payment date will be this number of business days
after all conditions to settlement are satisfied. ISDA 2003
Term: Cash Settlement Date
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="cashSettlementAmount" type="Money">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The amount paid by the seller to the buyer for cash settlement
on the cash settlement date. If not otherwise specified, would
typically be calculated as 100 (or the Reference Price) minus
the price of the Reference Obligation (all expressed as a
percentage) times Floating Rate Payer Calculation Amount. ISDA
2003 Term: Cash Settlement Amount
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="valuationMethod" type="ValuationMethod">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The ISDA defined methodology for determining the final price of
the reference obligation for purposes of cash settlement. For
example, Market, Highest etc.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:simpleType name="ValuationMethod">
<xsd:restriction base="xsd:string">
<xsd:enumeration value="Market"/>
<xsd:enumeration value="Highest"/>
<xsd:enumeration value="Average Market"/>
<xsd:enumeration value="Average Highest"/>
<xsd:enumeration value="Blended Market"/>
<xsd:enumeration value="Blended Highest"/>
<xsd:enumeration value="Average Blended Market"/>
<xsd:enumeration value="Average Blended Highest"/>
</xsd:restriction>
</xsd:simpleType>
<xsd:complexType name="PhysicalSettlementTerms">
<xsd:complexContent>
<xsd:extension base="SettlementTerms">
<xsd:sequence>
<xsd:element ref="physicalSettlementPeriod" minOccurs="0"/>
<xsd:element ref="deliverableObligations"/>
<xsd:element ref="escrow" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="physicalSettlementPeriod" type="PhysicalSettlementPeriod">
<xsd:annotation>
<xsd:documentation xml:lang="en">
The number of business days used in the determination of the
physical settlement date. The physical settlement date is this
number of business days after all applicable conditions to
settlement are satisfied. If a number of business days is not
specified fallback provisions apply for determining the number
of business days. If Section 8.5/8.6 of the 1999/2003. ISDA
Definitions are to apply the businessDaysNotSpecified element
should be included. If a specified number of business days are
to apply these should be specified in the businessDays element.
If Section 8.5/8.6 of the 1999/2003. ISDA Definitions are to
apply but capped at a maximum number of business days then the
maximum number should be specified in the maximumBusinessDays
element. ISDA 2003 Term: Physical Settlement Period
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="PhysicalSettlementPeriod">
<xsd:choice>
<xsd:element ref="businessDaysNotSpecified"/>
<xsd:element ref="businessDays"/>
<xsd:element ref="maximumBusinessDays"/>
</xsd:choice>
</xsd:complexType>
<xsd:complexType name="BusinessDaysNotSpecified"/>
<xsd:element name="businessDaysNotSpecified" type="BusinessDaysNotSpecified">
<xsd:annotation>
<xsd:documentation xml:lang="en">
An explicit indication that a number of business days are not
specified and therefore ISDA fallback provisions should apply.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="maximumBusinessDays" type="xsd:integer">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A maximum number of business days. Its precise meaning is
dependant on the context in which this element is used.
Intended to be used to limit a particular. ISDA fallback
provision. ISDA 2003 Term:
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="deliverableObligations" type="DeliverableObligations">
<xsd:annotation>
<xsd:documentation xml:lang="en">
This element contains all the. ISDA terms relevant to defining
the deliverable obligations.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="DeliverableObligations">
<xsd:sequence>
<xsd:element ref="accruedInterest" minOccurs="0"/>
<xsd:element ref="category"/>
<xsd:element ref="obligationCharacteristic" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="deliverableObligationCharac" minOccurs="0" maxOccurs="unbounded"/>
<xsd:element ref="excluded" minOccurs="0"/>
<xsd:element ref="othReferenceEntityObligations" minOccurs="0"/>
</xsd:sequence>
</xsd:complexType>
<xsd:element name="accruedInterest" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Indicates whether accrued interest is included (true) or not
(false). For cash settlement this specifies whether quotations
should be obtained inclusive or not of accrued interest. For
physical settlement this specifies whether the buyer should
deliver the obligation with an outstanding principal balance
that includes or excludes accrued interest. ISDA 2003 Term:
Include/Exclude Accrued Interest
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="deliverableObligationCharac" type="DeliverableObligationCharac" abstract="true">
<xsd:annotation>
<xsd:documentation xml:lang="en">
All elements used to represent deliverable obligation
characteristics that are not also obligation characteristics
belong to the substitution group deliverableObligationCharac
Elements that represent both obligation characteristics and
deliverable obligation characteristics belong to the
obligationCharacteristic substitution group. ISDA 2003 Term:
Deliverable Obligation Characteristics
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notContingent" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. In essense Not
Contingent means the repayment of principal cannot be dependant
on a formula/index, i.e. to prevent the risk of being delivered
an instrument that may never pay any element of principal, and
to ensure that the obligation is interest bearing (on a regular
schedule). ISDA 2003 Term: Not Contingent
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="assignableLoan" type="PCDeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan that is freely
assignable to a bank or financial institution without the
consent of the Reference Entity or the guarantor, if any, of
the loan (or the consent of the applicable borrower if a
Reference Entity is guaranteeing the loan) or any agent. ISDA
2003 Term: Assignable Loan
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="consentRequiredLoan" type="PCDeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan that is capable
of being assigned with the consent of the Reference Entity or
the guarantor, if any, of the loan or any agent. ISDA 2003
Term: Consent Required Loan
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="directLoanParticipation" type="DirectLoanParticipation" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. A loan with a
participation agreement whereby the buyer is capable of
creating, or procuring the creation of, a contractual right in
favour of the seller that provides the seller with recourse to
the participation seller for a specified share in any payments
due under the relevant loan which are received by the
participation seller. ISDA 2003 Term: Direct Loan Participation
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="transferable" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation that is
transferable to institutional investors without any
contractual, statutory or regulatory restrictions. ISDA 2003
Term: Transferable
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="maximumMaturity" type="MaximumMaturity" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation that has
a remaining maturity from the Physical Settlement Date of not
greater than the period specified. ISDA 2003 Term: Maximum
Maturity
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="acceleratedOrMatured" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. An obligation at time
of default is due to mature and due to be repaid, or as a
result of downgrade/bankruptcy is due to be repaid as a result
of an acceleration clause. ISDA 2003 Term: Accelerated or
Matured
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:element name="notBearer" type="DeliverableObligationCharac" substitutionGroup="deliverableObligationCharac">
<xsd:annotation>
<xsd:documentation xml:lang="en">
A deliverable obligation characteristic. Any obligation that is
not a bearer instrument. This applies to Bonds only and is
meant to avoid tax, fraud and security/delivery provisions that
can potentially be associated with Bearer Bonds. ISDA 2003
Term: Not Bearer
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="DeliverableObligationCharac">
</xsd:complexType>
<xsd:complexType name="PCDeliverableObligationCharac">
<xsd:complexContent>
<xsd:extension base="DeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="partialCashSettlement" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="partialCashSettlement" type="PartialCashSettlement">
<xsd:annotation>
<xsd:documentation xml:lang="en">
Specifies whether either 'Partial Cash Settlement of Assignable
Loans', 'Partial Cash Settlement of Consent Required Loans' or
'Partial Cash Settlement of Participations' is applicable. If
this element is specified and Assignable Loan is a Deliverable
Obligation Chracteristic, any Assignable Loan that is
deliverable, but where a non-receipt of Consent by the Physical
Settlement Date has occurred, the Loan can be cash settled
rather than physically delivered. If this element is specified
and Consent Required Loan is a Deliverable Obligation
Characterisitc, any Consent Required Loan that is deliverable,
but where a non-receipt of Consent by the Physical Settlement
Date has occurred, the Loan can be cash settled rather than
physically delivered.If this element is specified and Direct
Loan Participation is a Deliverable Obligation Characterisitc,
any Participation that is deliverable, but where this
participation has not been effected (has not come into effect)
by the Physical Settlement Date, the participation can be cash
settled rather than physically delivered.
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="PartialCashSettlement"/>
<xsd:complexType name="DirectLoanParticipation">
<xsd:complexContent>
<xsd:extension base="PCDeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="qualifyingParticipationSeller" minOccurs="0"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="qualifyingParticipationSeller" type="xsd:string">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If Direct Loan Participation is specified as a deliverable
obligation characteristic, this specifies any requirements for
the Qualifying Participation Seller. The requirements may be
listed free-form. ISDA 2003 Term: Qualifying Participation
Seller
</xsd:documentation>
</xsd:annotation>
</xsd:element>
<xsd:complexType name="MaximumMaturity">
<xsd:complexContent>
<xsd:extension base="DeliverableObligationCharac">
<xsd:sequence>
<xsd:element ref="periodMultiplier"/>
<xsd:element ref="period"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
<xsd:element name="escrow" type="xsd:boolean">
<xsd:annotation>
<xsd:documentation xml:lang="en">
If this element is specified, indicates that physical
settlement must take place through the use of an escrow agent.
(For Canadian counterparties this is always "Not Applicable.
ISDA 2003 Term: Escrow
</xsd:documentation>
</xsd:annotation>
</xsd:element>
</xsd:schema>