FpML Issues Tracker

252: Zombie coding scheme

October 27, 2006

Normal

closed

Minor

Always

Coding Scheme

Admin

mgratacos

Summary

credit-seniority-trading is a coding scheme that contains two values - its contents declare that it "Specifies the seniority of the reference obligation used in a single name credit default swap trade".

There is however no defined type in FpML that lists this coding scheme as its default. So we do not know if there is something missing in the schema, or if the coding scheme is not needed.

Notes:

  • mgratacos

    10/31/06 3:25 am

    credit seniority trading scheme overrides credit seniority scheme when the underlyer defines the reference obligation used in a single name credit default swap trade.

  • mgratacos

    11/14/06 5:09 pm

    Documentation has been updated in the coding scheme. Currently there is a mechanism to show that a scheme provided by FpML may be overriden by another scheme also provided by FpML.

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