element <paymentRequirement> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | Money
Content: | complex, 1 attribute, 2 elements
Defined: | locally witnin FailureToPay complexType in fpml-option-shared-5-5.xsd; see XML source

Content Model Diagram

XML Representation Summary
<paymentRequirement
id | = | xsd:ID
| >
Content: | currency, amount
</paymentRequirement>

Content model elements (2):

  amount (defined in Money complexType), | currency (defined in MoneyBase complexType)

Included in content model of elements (1):

  failureToPay (defined in CreditEvents complexType)

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

<xsd:element minOccurs="0" name="paymentRequirement" type="Money"/>

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.