FpML 4.3 Recommendation

5 February 2008

Post-trade Component Definitions

Version: 4.3

This Version:

http://www.fpml.org/spec/fpml-4-3-10-rec-1

Latest Version:

http://www.fpml.org/spec/fpml-4-3-10-rec-1

Previous Version:

http://www.fpml.org/spec/fpml-4-3-9-tr-1/

Errata for this Version:

http://www.fpml.org/spec/fpml-4-3-10-rec-1/html/fpml-4-3-errata.html

Document built: Thu 02/07/2008 16:15:05.63


Copyright (c) 1999 - 2006 by INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
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.html



The FpML specifications provided are without warranty of any kind, either expressed or implied, including, without limitation, warranties that FpML, or the FpML specifications are free of defects, merchantable, fit for a particular purpose or non-infringing. The entire risk as to the quality and performance of the specifications is with you. Should any of the FpML specifications prove defective in any respect, you assume the cost of any necessary servicing or repair. Under no circumstances and under no legal theory, whether tort (including negligence), contract, or otherwise, shall ISDA, any of its members, or any distributor of documents or software containing any of the FpML specifications, or any supplier of any of such parties, be liable to you or any other person for any indirect, special, incidental, or consequential damages of any character including, without limitation, damages for loss of goodwill, work stoppage, computer failure or malfunction, or any and all other commercial damages or losses, even if such party shall have been informed of the possibility of such damages.

Contents

Global Simple Types

Global Complex Types
AffectedTransactions
Novation
NovationNotificationMessage
NovationRequestMessage
NovationResponseMessage
PartialTerminationAmount
Termination
TradeAmendment

Global Elements

Groups
NovationDetails.model
NovationMessage.model
TerminationDetails.model

Schema Listing

Global Simple Types

The schema does not contain any global simple types.

Global Complex Types

AffectedTransactions

Description:

Figure:

Contents:


There can be one occurance of the following structure; Choice of either

Or


Used by:

Schema Fragment: 

<xsd:complexType name="AffectedTransactions">
  <xsd:group ref="TradeOrTradeReference.model" maxOccurs="unbounded"/>
</xsd:complexType>

Novation

Description:

An event type that records the occurrence of a novation

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Event)


There can be one occurance of the following structure;

transferor (exactly one occurrence; of the type PartyReference)

transferee (exactly one occurrence; of the type PartyReference)

remainingParty (exactly one occurrence; of the type PartyReference)

otherRemainingParty (zero or one occurrence; of the type PartyReference)

novationDate (exactly one occurrence; of the type xsd:date)

novationTradeDate (zero or one occurrence; of the type xsd:date)


There can be zero or one occurance of the following structure; Choice of either

Or


remainingTrade (zero or one occurrence; of the type Trade)

fullFirstCalculationPeriod (zero or one occurrence; of the type xsd:boolean)

firstPeriodStartDate (zero or one occurrence; of the type FirstPeriodStartDate)

nonReliance (zero or one occurrence; of the type Empty)

creditDerivativesNotices (zero or one occurrence; of the type CreditDerivativesNotices)

contractualDefinitions (zero or more occurrences; of the type ContractualDefinitions)


There can be one occurance of the following structure; Choice of either

Or


payment (zero or one occurrence; of the type Payment)

Used by:

Extension of:

Schema Fragment: 

<xsd:complexType name="Novation">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An event type that records the occurrence of a novation
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Event">
      <xsd:sequence>
        <xsd:group ref="NovationDetails.model"/>
        <xsd:element name="payment" type="Payment" minOccurs="0"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

NovationNotificationMessage

Description:

Abstract base class for all Novation Notification Messages.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type NotificationMessage)

novation (exactly one occurrence; of the type Novation)

party (one or more occurrences; of the type Party)

Used by:

Extension of:

Derived Types:

Schema Fragment: 

<xsd:complexType name="NovationNotificationMessage" abstract="true">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Abstract base class for all Novation Notification Messages.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="NotificationMessage">
      <xsd:sequence>
        <xsd:group ref="NovationMessage.model"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

NovationRequestMessage

Description:

Abstract base class for all Novation Request Messages.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type RequestMessage)

novation (exactly one occurrence; of the type Novation)

party (one or more occurrences; of the type Party)

Used by:

Extension of:

Derived Types:

Schema Fragment: 

<xsd:complexType name="NovationRequestMessage" abstract="true">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Abstract base class for all Novation Request Messages.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="RequestMessage">
      <xsd:sequence>
        <xsd:group ref="NovationMessage.model"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

NovationResponseMessage

Description:

Abstract base class for all Novation Response Messages.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type ResponseMessage)

novation (exactly one occurrence; of the type Novation)

party (one or more occurrences; of the type Party)

Used by:

Extension of:

Derived Types:

Schema Fragment: 

<xsd:complexType name="NovationResponseMessage" abstract="true">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Abstract base class for all Novation Response Messages.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="ResponseMessage">
      <xsd:sequence>
        <xsd:sequence minOccurs="0">
          <xsd:group ref="NovationMessage.model"/>
        </xsd:sequence>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

PartialTerminationAmount

Description:

Figure:

Contents:


There can be zero or one occurance of the following structure;

Used by:

Schema Fragment: 

<xsd:complexType name="PartialTerminationAmount">
  <xsd:sequence>
    <xsd:choice minOccurs="0">
      <xsd:sequence>
        <xsd:element name="decreaseInNotionalAmount" type="Money">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Specifies the fixed amount by which the Notional
              decreases due to the Partial Termination transaction.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="outstandingNotionalAmount" type="Money">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Specifies the Notional amount after the Partial
              Termination.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:sequence>
      <xsd:sequence>
        <xsd:element name="decreaseInNumberOfOptions" type="xsd:decimal">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Specifies the fixed amount by which the Number of Options
              decreases due to the Partial Termination transaction.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="outstandingNumberOfOptions" type="xsd:decimal">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Specifies the Number of Options after the Partial
              Termination.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:sequence>
    </xsd:choice>
  </xsd:sequence>
</xsd:complexType>

Termination

Description:

An event type that defines the content of a Termination transaction.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Event)


There can be one occurance of the following structure; Choice of either

Or


terminationTradeDate (exactly one occurrence; of the type xsd:date)

terminationEffectiveDate (exactly one occurrence; of the type xsd:date)


There can be one occurance of the following structure; Choice of either

Or


payment (zero or one occurrence; of the type Payment)

Used by:

Extension of:

Schema Fragment: 

<xsd:complexType name="Termination">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An event type that defines the content of a Termination
      transaction.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Event">
      <xsd:sequence>
        <xsd:group ref="TradeOrTradeReference.model"/>
        <xsd:group ref="TerminationDetails.model"/>
        <xsd:element name="payment" type="Payment" minOccurs="0">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              A payment for the right to terminate the trade.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

TradeAmendment

Description:

A type describing the original trade and the amended trade.

Figure:

Contents:


There can be zero or one occurance of the following structure; Choice of either

Or


amendedTrade (exactly one occurrence; of the type Trade)

Used by:

Schema Fragment: 

<xsd:complexType name="TradeAmendment">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type describing the original trade and the amended trade.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:choice minOccurs="0">
      <xsd:element name="originalTrade" type="Trade">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The entire original trade details.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="originalTradeIdentifier" type="PartyTradeIdentifier" maxOccurs="unbounded">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The trade id of the original trade details.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
    </xsd:choice>
    <xsd:element name="amendedTrade" type="Trade">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          The representation of the amended trade.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
  </xsd:sequence>
</xsd:complexType>

Global Elements

The schema does not contain any global elements.

Groups

NovationDetails.model

Description:

Figure:

Contents:


There can be one occurance of the following structure;

transferor (exactly one occurrence; of the type PartyReference)

transferee (exactly one occurrence; of the type PartyReference)

remainingParty (exactly one occurrence; of the type PartyReference)

otherRemainingParty (zero or one occurrence; of the type PartyReference)

novationDate (exactly one occurrence; of the type xsd:date)

novationTradeDate (zero or one occurrence; of the type xsd:date)


There can be zero or one occurance of the following structure; Choice of either

Or


remainingTrade (zero or one occurrence; of the type Trade)

fullFirstCalculationPeriod (zero or one occurrence; of the type xsd:boolean)

firstPeriodStartDate (zero or one occurrence; of the type FirstPeriodStartDate)

nonReliance (zero or one occurrence; of the type Empty)

creditDerivativesNotices (zero or one occurrence; of the type CreditDerivativesNotices)

contractualDefinitions (zero or more occurrences; of the type ContractualDefinitions)


There can be one occurance of the following structure; Choice of either

Or


Used by:

Schema Fragment: 

<xsd:group name="NovationDetails.model">
  <xsd:sequence>
    <xsd:choice>
      <xsd:choice>
        <xsd:element name="newTransactionReference" type="PartyTradeIdentifiers">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Indicates a reference to the new transaction between the
              transferee and the remaining party.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="newTransaction" type="Trade">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              Indicates the new transaction between the transferee and
              the remaining party.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:choice>
      <xsd:sequence>
        <xsd:choice>
          <xsd:element name="oldTransactionReference" type="PartyTradeIdentifiers">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates a reference to the original trade between the
                transferor and the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
          <xsd:element name="oldTransaction" type="Trade">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates the original trade between the transferor and
                the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:choice>
        <xsd:choice minOccurs="0">
          <xsd:element name="newTransactionReference" type="PartyTradeIdentifiers">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates a reference to the new transaction between
                the transferee and the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
          <xsd:element name="newTransaction" type="Trade">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates the new transaction between the transferee
                and the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:choice>
      </xsd:sequence>
    </xsd:choice>
    <xsd:element name="transferor" type="PartyReference">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          A pointer style reference to a party identifier defined
          elsewhere in the document. In a three-way novation the party
          referenced is the Transferor (outgoing party) in the
          novation. The Transferor means a party which transfers by
          novation to a Transferee all of its rights, liabilities,
          duties and obligations with respect to a Remaining Party. In
          a four-way novation the party referenced is Transferor 1
          which transfers by novation to Transferee 1 all of its
          rights, liabilities, duties and obligations with respect to
          Transferor 2. ISDA 2004 Novation Term: Transferor (three-way
          novation) or Transferor 1 (four-way novation).
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="transferee" type="PartyReference">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          A pointer style reference to a party identifier defined
          elsewhere in the document. In a three-way novation the party
          referenced is the Transferee (incoming party) in the
          novation. Transferee means a party which accepts by way of
          novation all rights, liabilities, duties and obligations of a
          Transferor with respect to a Remaining Party. In a four-way
          novation the party referenced is Transferee 1 which accepts
          by way of novation the rights, liabilities, duties and
          obligations of Transferor 1. ISDA 2004 Novation Term:
          Transferee (three-way novation) or Transferee 1 (four-way
          novation).
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="remainingParty" type="PartyReference">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          A pointer style reference to a party identifier defined
          elsewhere in the document. In a three-way novation the party
          referenced is the Remaining Party in the novation. Remaining
          Party means a party which consents to a Transferor's transfer
          by novation and the acceptance thereof by the Transferee of
          all of the Transferor's rights, liabilities, duties and
          obligations with respect to such Remaining Party under and
          with respect of the Novated Amount of a transaction. In a
          four-way novation the party referenced is Transferor 2 per
          the ISDA definition and acts in the role of a Transferor.
          Transferor 2 transfers by novation to Transferee 2 all of its
          rights, liabilities, duties and obligations with respect to
          Transferor 1. ISDA 2004 Novation Term: Remaining Party
          (three-way novation) or Transferor 2 (four-way novation).
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="otherRemainingParty" type="PartyReference" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          A pointer style reference to a party identifier defined
          elsewhere in the document. This element is not applicable in
          a three-way novation and should be omitted. In a four-way
          novation the party referenced is Transferee 2. Transferee 2
          means a party which accepts by way of novation the rights,
          liabilities, duties and obligations of Transferor 2. ISDA
          2004 Novation Term: Transferee 2 (four-way novation).
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="novationDate" type="xsd:date">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          Specifies the date that one party's legal obligations with
          regard to a trade are transferred to another party. It
          corresponds to the Novation Date section of the 2004 ISDA
          Novation Definitions, section 1.16.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="novationTradeDate" type="xsd:date" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          Specifies the date the parties agree to assign or novate a
          trade. If this element is not specified, the
          novationTradeDate will be deemed to be the novationDate. It
          corresponds to the Novation Trade Date section of the 2004
          ISDA Novation Definitions, section 1.17.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:choice minOccurs="0">
      <xsd:element name="novatedAmount" type="Money">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The amount which represents the portion of the Old
            Transaction being novated.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="novatedNumberOfOptions" type="xsd:decimal">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The number of options which represent the portion of the
            Old Transaction being novated.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
    </xsd:choice>
    <xsd:element name="remainingTrade" type="Trade" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          This element contains a description of the remaining portion
          of a partially novated trade.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="fullFirstCalculationPeriod" type="xsd:boolean" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          This element corresponds to the applicability of the Full
          First Calculation Period as defined in the 2004 ISDA Novation
          Definitions, section 1.20.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="firstPeriodStartDate" type="FirstPeriodStartDate" minOccurs="0" maxOccurs="2">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          Element that is used to be able to make sense of the “new
          transaction” without requiring reference back to the “old
          transaction”. In the case of interest rate products there are
          potentially 2 “first period start dates” to reference – one
          with respect to each party to the new transaction. For Credit
          Default Swaps there is just the one with respect to the party
          that is the fixed rate payer.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="nonReliance" type="Empty" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          This element corresponds to the non-Reliance section in the
          2004 ISDA Novation Definitions, section 2.1 (c) (i). The
          element appears in the instance document when non-Reliance is
          applicable.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="creditDerivativesNotices" type="CreditDerivativesNotices" minOccurs="0">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          This element should be specified if one or more of either a
          Credit Event Notice, Notice of Publicly Available
          Information, Notice of Physical Settlement or Notice of
          Intended Physical Settlement, as applicable, has been
          delivered by or to the Transferor or the Remaining Party. The
          type of notice or notices that have been delivered should be
          indicated by setting the relevant boolean element value(s) to
          true. The absence of the element means that no Credit Event
          Notice, Notice of Publicly Available Information, Notice of
          Physical Settlement or Notice of Intended Physical
          Settlement, as applicable, has been delivered by or to the
          Transferor or the Remaining Party.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="contractualDefinitions" type="ContractualDefinitions" minOccurs="0" maxOccurs="unbounded">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          The definitions (such as those published by ISDA) that will
          define the terms of the novation transaction.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:choice>
      <xsd:element name="contractualSupplement" type="ContractualSupplement" minOccurs="0" maxOccurs="unbounded" fpml-annotation:deprecated="true" fpml-annotation:deprecatedReason="The contractualTermsSupplement includes the publication date, which was not present in the contractualSupplement">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            DEPRECATED - This element will be removed in the next major
            version of FpML. The element contractualTermsSupplement
            should be used instead. Definition: A contractual
            supplement (such as those published by ISDA) that will
            apply to the trade.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="contractualTermsSupplement" type="ContractualTermsSupplement" minOccurs="0" maxOccurs="unbounded">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            A contractual supplement (such as those published by ISDA)
            that will apply to the trade.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
    </xsd:choice>
  </xsd:sequence>
</xsd:group>

NovationMessage.model

Description:

Figure:

Contents:

novation (exactly one occurrence; of the type Novation)

party (one or more occurrences; of the type Party)

Used by:

Schema Fragment: 

<xsd:group name="NovationMessage.model">
  <xsd:sequence>
    <xsd:element name="novation" type="Novation"/>
    <xsd:element name="party" type="Party" minOccurs="3" maxOccurs="unbounded"/>
  </xsd:sequence>
</xsd:group>

TerminationDetails.model

Description:

Figure:

Contents:

terminationTradeDate (exactly one occurrence; of the type xsd:date)

terminationEffectiveDate (exactly one occurrence; of the type xsd:date)


There can be one occurance of the following structure; Choice of either

Or


Used by:

Schema Fragment: 

<xsd:group name="TerminationDetails.model">
  <xsd:sequence>
    <xsd:element name="terminationTradeDate" type="xsd:date">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          The date on which the the parties enter into the Termination
          transaction.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:element name="terminationEffectiveDate" type="xsd:date">
      <xsd:annotation>
        <xsd:documentation xml:lang="en">
          The date on which the Termination becomes effective.
        </xsd:documentation>
      </xsd:annotation>
    </xsd:element>
    <xsd:choice>
      <xsd:element name="full" type="Empty">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The use of the Full element indicates that this is a Full
            Termination.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="partial" type="PartialTerminationAmount">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The use of the Partial element indicates that this is a
            Partial Termination.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
    </xsd:choice>
  </xsd:sequence>
</xsd:group>

Full XML Schema 

<xsd:schema ecore:nsPrefix="fpml" ecore:package="org.fpml" ecore:documentRoot="FpML" targetNamespace="http://www.fpml.org/2007/FpML-4-3" version="$Revision: 2351 $" attributeFormDefault="unqualified" elementFormDefault="qualified">
  <xsd:include schemaLocation="fpml-msg-4-3.xsd"/>
  <xsd:complexType name="AffectedTransactions">
    <xsd:group ref="TradeOrTradeReference.model" maxOccurs="unbounded"/>
  </xsd:complexType>
  <xsd:complexType name="Novation">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An event type that records the occurrence of a novation
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Event">
        <xsd:sequence>
          <xsd:group ref="NovationDetails.model"/>
          <xsd:element name="payment" type="Payment" minOccurs="0"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="NovationNotificationMessage" abstract="true">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Abstract base class for all Novation Notification Messages.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="NotificationMessage">
        <xsd:sequence>
          <xsd:group ref="NovationMessage.model"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="NovationRequestMessage" abstract="true">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Abstract base class for all Novation Request Messages.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="RequestMessage">
        <xsd:sequence>
          <xsd:group ref="NovationMessage.model"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="NovationResponseMessage" abstract="true">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Abstract base class for all Novation Response Messages.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="ResponseMessage">
        <xsd:sequence>
          <xsd:sequence minOccurs="0">
            <xsd:group ref="NovationMessage.model"/>
          </xsd:sequence>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="PartialTerminationAmount">
    <xsd:sequence>
      <xsd:choice minOccurs="0">
        <xsd:sequence>
          <xsd:element name="decreaseInNotionalAmount" type="Money">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Specifies the fixed amount by which the Notional
                decreases due to the Partial Termination transaction.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
          <xsd:element name="outstandingNotionalAmount" type="Money">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Specifies the Notional amount after the Partial
                Termination.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:sequence>
        <xsd:sequence>
          <xsd:element name="decreaseInNumberOfOptions" type="xsd:decimal">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Specifies the fixed amount by which the Number of
                Options decreases due to the Partial Termination
                transaction.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
          <xsd:element name="outstandingNumberOfOptions" type="xsd:decimal">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Specifies the Number of Options after the Partial
                Termination.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:sequence>
      </xsd:choice>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="Termination">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An event type that defines the content of a Termination
        transaction.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Event">
        <xsd:sequence>
          <xsd:group ref="TradeOrTradeReference.model"/>
          <xsd:group ref="TerminationDetails.model"/>
          <xsd:element name="payment" type="Payment" minOccurs="0">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                A payment for the right to terminate the trade.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="TradeAmendment">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type describing the original trade and the amended trade.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:choice minOccurs="0">
        <xsd:element name="originalTrade" type="Trade">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The entire original trade details.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="originalTradeIdentifier" type="PartyTradeIdentifier" maxOccurs="unbounded">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The trade id of the original trade details.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:choice>
      <xsd:element name="amendedTrade" type="Trade">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The representation of the amended trade.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:group name="NovationDetails.model">
    <xsd:sequence>
      <xsd:choice>
        <xsd:choice>
          <xsd:element name="newTransactionReference" type="PartyTradeIdentifiers">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates a reference to the new transaction between
                the transferee and the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
          <xsd:element name="newTransaction" type="Trade">
            <xsd:annotation>
              <xsd:documentation xml:lang="en">
                Indicates the new transaction between the transferee
                and the remaining party.
              </xsd:documentation>
            </xsd:annotation>
          </xsd:element>
        </xsd:choice>
        <xsd:sequence>
          <xsd:choice>
            <xsd:element name="oldTransactionReference" type="PartyTradeIdentifiers">
              <xsd:annotation>
                <xsd:documentation xml:lang="en">
                  Indicates a reference to the original trade between
                  the transferor and the remaining party.
                </xsd:documentation>
              </xsd:annotation>
            </xsd:element>
            <xsd:element name="oldTransaction" type="Trade">
              <xsd:annotation>
                <xsd:documentation xml:lang="en">
                  Indicates the original trade between the transferor
                  and the remaining party.
                </xsd:documentation>
              </xsd:annotation>
            </xsd:element>
          </xsd:choice>
          <xsd:choice minOccurs="0">
            <xsd:element name="newTransactionReference" type="PartyTradeIdentifiers">
              <xsd:annotation>
                <xsd:documentation xml:lang="en">
                  Indicates a reference to the new transaction between
                  the transferee and the remaining party.
                </xsd:documentation>
              </xsd:annotation>
            </xsd:element>
            <xsd:element name="newTransaction" type="Trade">
              <xsd:annotation>
                <xsd:documentation xml:lang="en">
                  Indicates the new transaction between the transferee
                  and the remaining party.
                </xsd:documentation>
              </xsd:annotation>
            </xsd:element>
          </xsd:choice>
        </xsd:sequence>
      </xsd:choice>
      <xsd:element name="transferor" type="PartyReference">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            A pointer style reference to a party identifier defined
            elsewhere in the document. In a three-way novation the
            party referenced is the Transferor (outgoing party) in the
            novation. The Transferor means a party which transfers by
            novation to a Transferee all of its rights, liabilities,
            duties and obligations with respect to a Remaining Party.
            In a four-way novation the party referenced is Transferor 1
            which transfers by novation to Transferee 1 all of its
            rights, liabilities, duties and obligations with respect to
            Transferor 2. ISDA 2004 Novation Term: Transferor
            (three-way novation) or Transferor 1 (four-way novation).
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="transferee" type="PartyReference">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            A pointer style reference to a party identifier defined
            elsewhere in the document. In a three-way novation the
            party referenced is the Transferee (incoming party) in the
            novation. Transferee means a party which accepts by way of
            novation all rights, liabilities, duties and obligations of
            a Transferor with respect to a Remaining Party. In a
            four-way novation the party referenced is Transferee 1
            which accepts by way of novation the rights, liabilities,
            duties and obligations of Transferor 1. ISDA 2004 Novation
            Term: Transferee (three-way novation) or Transferee 1
            (four-way novation).
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="remainingParty" type="PartyReference">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            A pointer style reference to a party identifier defined
            elsewhere in the document. In a three-way novation the
            party referenced is the Remaining Party in the novation.
            Remaining Party means a party which consents to a
            Transferor's transfer by novation and the acceptance
            thereof by the Transferee of all of the Transferor's
            rights, liabilities, duties and obligations with respect to
            such Remaining Party under and with respect of the Novated
            Amount of a transaction. In a four-way novation the party
            referenced is Transferor 2 per the ISDA definition and acts
            in the role of a Transferor. Transferor 2 transfers by
            novation to Transferee 2 all of its rights, liabilities,
            duties and obligations with respect to Transferor 1. ISDA
            2004 Novation Term: Remaining Party (three-way novation) or
            Transferor 2 (four-way novation).
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="otherRemainingParty" type="PartyReference" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            A pointer style reference to a party identifier defined
            elsewhere in the document. This element is not applicable
            in a three-way novation and should be omitted. In a
            four-way novation the party referenced is Transferee 2.
            Transferee 2 means a party which accepts by way of novation
            the rights, liabilities, duties and obligations of
            Transferor 2. ISDA 2004 Novation Term: Transferee 2
            (four-way novation).
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="novationDate" type="xsd:date">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            Specifies the date that one party's legal obligations with
            regard to a trade are transferred to another party. It
            corresponds to the Novation Date section of the 2004 ISDA
            Novation Definitions, section 1.16.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="novationTradeDate" type="xsd:date" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            Specifies the date the parties agree to assign or novate a
            trade. If this element is not specified, the
            novationTradeDate will be deemed to be the novationDate. It
            corresponds to the Novation Trade Date section of the 2004
            ISDA Novation Definitions, section 1.17.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:choice minOccurs="0">
        <xsd:element name="novatedAmount" type="Money">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The amount which represents the portion of the Old
              Transaction being novated.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="novatedNumberOfOptions" type="xsd:decimal">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The number of options which represent the portion of the
              Old Transaction being novated.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:choice>
      <xsd:element name="remainingTrade" type="Trade" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            This element contains a description of the remaining
            portion of a partially novated trade.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="fullFirstCalculationPeriod" type="xsd:boolean" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            This element corresponds to the applicability of the Full
            First Calculation Period as defined in the 2004 ISDA
            Novation Definitions, section 1.20.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="firstPeriodStartDate" type="FirstPeriodStartDate" minOccurs="0" maxOccurs="2">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            Element that is used to be able to make sense of the “new
            transaction” without requiring reference back to the “old
            transaction”. In the case of interest rate products there
            are potentially 2 “first period start dates” to reference –
            one with respect to each party to the new transaction. For
            Credit Default Swaps there is just the one with respect to
            the party that is the fixed rate payer.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="nonReliance" type="Empty" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            This element corresponds to the non-Reliance section in the
            2004 ISDA Novation Definitions, section 2.1 (c) (i). The
            element appears in the instance document when non-Reliance
            is applicable.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="creditDerivativesNotices" type="CreditDerivativesNotices" minOccurs="0">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            This element should be specified if one or more of either a
            Credit Event Notice, Notice of Publicly Available
            Information, Notice of Physical Settlement or Notice of
            Intended Physical Settlement, as applicable, has been
            delivered by or to the Transferor or the Remaining Party.
            The type of notice or notices that have been delivered
            should be indicated by setting the relevant boolean element
            value(s) to true. The absence of the element means that no
            Credit Event Notice, Notice of Publicly Available
            Information, Notice of Physical Settlement or Notice of
            Intended Physical Settlement, as applicable, has been
            delivered by or to the Transferor or the Remaining Party.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="contractualDefinitions" type="ContractualDefinitions" minOccurs="0" maxOccurs="unbounded">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The definitions (such as those published by ISDA) that will
            define the terms of the novation transaction.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:choice>
        <xsd:element name="contractualSupplement" type="ContractualSupplement" minOccurs="0" maxOccurs="unbounded" fpml-annotation:deprecated="true" fpml-annotation:deprecatedReason="The contractualTermsSupplement includes the publication date, which was not present in the contractualSupplement">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              DEPRECATED - This element will be removed in the next
              major version of FpML. The element
              contractualTermsSupplement should be used instead.
              Definition: A contractual supplement (such as those
              published by ISDA) that will apply to the trade.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="contractualTermsSupplement" type="ContractualTermsSupplement" minOccurs="0" maxOccurs="unbounded">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              A contractual supplement (such as those published by
              ISDA) that will apply to the trade.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:choice>
    </xsd:sequence>
  </xsd:group>
  <xsd:group name="NovationMessage.model">
    <xsd:sequence>
      <xsd:element name="novation" type="Novation"/>
      <xsd:element name="party" type="Party" minOccurs="3" maxOccurs="unbounded"/>
    </xsd:sequence>
  </xsd:group>
  <xsd:group name="TerminationDetails.model">
    <xsd:sequence>
      <xsd:element name="terminationTradeDate" type="xsd:date">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The date on which the the parties enter into the
            Termination transaction.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:element name="terminationEffectiveDate" type="xsd:date">
        <xsd:annotation>
          <xsd:documentation xml:lang="en">
            The date on which the Termination becomes effective.
          </xsd:documentation>
        </xsd:annotation>
      </xsd:element>
      <xsd:choice>
        <xsd:element name="full" type="Empty">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The use of the Full element indicates that this is a Full
              Termination.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
        <xsd:element name="partial" type="PartialTerminationAmount">
          <xsd:annotation>
            <xsd:documentation xml:lang="en">
              The use of the Partial element indicates that this is a
              Partial Termination.
            </xsd:documentation>
          </xsd:annotation>
        </xsd:element>
      </xsd:choice>
    </xsd:sequence>
  </xsd:group>
</xsd:schema>