element <creditDefaultSwap> (global)

Namespace: | http://www.fpml.org/FpML-5/recordkeeping
Type: | CreditDefaultSwap
Content: | complex, 1 attribute, 8 elements
Subst.Gr: | may substitute for element product
Defined: | globally in fpml-cd-5-3.xsd; see XML source
Used: | never

Content Model Diagram

XML Representation Summary
<creditDefaultSwap
id | = | xsd:ID
| >
Content: | productType+, productId*, assetClass+, generalTerms, feeLeg, protectionTerms+, (cashSettlementTerms? | physicalSettlementTerms?)*
</creditDefaultSwap>

Content model elements (8):

  assetClass (defined in Product.model group), cashSettlementTerms, feeLeg (defined in CreditDefaultSwap complexType), generalTerms (defined in CreditDefaultSwap complexType), | physicalSettlementTerms, productId (defined in Product.model group), productType (defined in Product.model group), protectionTerms (defined in CreditDefaultSwap complexType)

May be included in elements by substitutions (15):

  newTrade, oldTrade (defined in TradeChangeContent complexType), oldTrade (in novation), originalTrade, physicalSettlement (in optionExercise), resultingTrade, strategy, trade (defined in DataDocument complexType), | trade (defined in Events.model group), trade (defined in TradeChangeContent complexType), trade (defined in TradeOrInfo.model group), trade (defined in TradeOrTradeReference.model group), trade (defined in TradeValuationItem complexType), trade (in amendment), trade (in constituent)

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

<xsd:element name="creditDefaultSwap" substitutionGroup="product" type="CreditDefaultSwap"/>

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