element <creditDefaultSwap> (global)

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

Content Model Diagram

XML Representation Summary

<creditDefaultSwap

xsd:ID

Content:

(primaryAssetClass?, productType*, productId*)?, generalTerms?, feeLeg?, protectionTerms*, (cashSettlementTerms | physicalSettlementTerms)*

</creditDefaultSwap>

Content model elements (8):

cashSettlementTerms,

feeLeg,

generalTerms,

physicalSettlementTerms,

primaryAssetClass,

productId (defined in Product.model group),

productType (defined in Product.model group),

protectionTerms

May be included in elements by substitutions (9):

feeTrade,

newTrade,

oldTrade,

originalTrade (defined in OriginalRequestDetails complexType),

originalTrade (defined in TradeChangeBase complexType),

trade (defined in TradeOrTradeReference.model group),

trade (in dataDocument),

trade (in orderStatus),

trade (in requestLimitCheck)

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.