element <paymentDelay> (local)

Namespace: | http://www.fpml.org/FpML-5/recordkeeping
Type: | xsd:boolean
Content: | simple
Defined: | locally witnin FeeLeg complexType in fpml-cd-5-3.xsd; see XML source

Content Model Diagram

XML Representation Summary
<paymentDelay>
| Content: | { xsd:boolean }
</paymentDelay>

Included in content model of elements (2):

  feeLeg (defined in CreditDefaultSwap complexType), | feeLeg (defined in LimitedCreditDefaultSwap complexType)

Annotation
Applicable to CDS on MBS to specify whether payment delays are applicable to the fixed Amount. RMBS typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap. CMBS do not, on the other hand, with both payment dates being on the 25th of each month.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="paymentDelay" type="xsd:boolean"/>

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.