FpML Issues Tracker

Summary

Hello,

Could you please clarify 2.45 Example 37 - Zero Coupon Swap Known Amount Schedule. Based on the terms of the example, in which the effective date is 2008-09-18 and the trade date is 2014-11-17, i.e., the effective date is earlier than the trade date, this example describes a backdated trade. Accordingly, we expect the example to define the firstPeriodStartDate as presented in 2.8 Example 5 - Fixed/Floating Single Currency Interest Rate Swap with Long Initial Stub and Short Final Stub. But firstPeriodStartDate is missing in 2.45 Example 37. So the question is this an error in the 2.45 Example 37 and firstPeriodStartDate should be defined based on the backdated trade conditions? Or is the example correct?

Regards,

Iuliia