FpML Issues Tracker

127: Credit Derivatives validation rule 37 is unclear.

September 11, 2005

closed

Major

Always

Validation Rules

Admin

hpegeron

Summary

The validation rule 37 for credit derivatives is unclear.

The two fields below can only be evaluated when they have identical currencies, or the FX rate is known. /FpML/trade/creditDefaultSwap/cashSettlementTerms/quotationAmount/amount /FpML/trade/creditDefaultSwap/cashSettlementTerms/minimumQuotationAmount/amount

Either a rule should be added that they have the same currencies and that otherwise the results are not evaluatable.

3 JPY 40000000 JPY 50000000 Market

Notes:

  • mgratacos

    10/12/05 5:38 pm

    Credit Derivatives Working Group agreed to add a pre-condition. Call for comments will be posted.

  • mgratacos

    10/28/05 3:06 pm

    Additional precondition “same currency” has been added to rule cd-37. This has been corrected in this version. This validation rule has been updated as well as errata.

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