fpml:change

Element information

Content

• Sequence [1..1]
  1. Choice [0..1]
     • fpml:oldTradeIdentifier    The original qualified trade identifier.
     • fpml:oldTrade    The original trade details.
  2. fpml:trade [1..1]    A full description of the amended trade.
  3. fpml:effectiveDate [1..1]    The date on which the change become effective
  4. Choice [1..1]
     from subst. group fpml:changeEvent
     fpml:changeEvent    Abstract substitutable place holder for specific change details.
     fpml:basketChange    Describes a change due to change in composition of basket underlyer
     fpml:corporateAction    Describes a change due to a corporate action
     fpml:indexChange    Describes a change due to an index component being adjusted.
  5. fpml:payment [0..1]    Describes a payment made in settlement of the change.

Attributes

None

Used in

• Group fpml:Events.model
• Group fpml:ClearingResults.model via reference to fpml:Events.model
• Group fpml:EventsOrInfo.model via reference to fpml:Events.model
• Type fpml:ClearingConfirmed via reference to fpml:ClearingResults.model (Element fpml:clearingConfirmed)
• Type fpml:ClearingEligibility via reference to fpml:Events.model (Element fpml:clearingEligibility)
• Type fpml:ClearingRefused via reference to fpml:Events.model (Element fpml:clearingRefused)
• Type fpml:ConfirmationAgreed via reference to fpml:Events.model (Element fpml:confirmationAgreed)
• Type fpml:ConfirmationDisputed via reference to fpml:Events.model (Element fpml:confirmationDisputed)
• Type fpml:ConfirmationRetracted via reference to fpml:Events.model (Element fpml:requestConfirmationRetracted)
• Type fpml:ConsentGranted via reference to fpml:EventsOrInfo.model (Element fpml:consentGranted)
• Type fpml:ConsentRefused via reference to fpml:EventsOrInfo.model (Element fpml:consentRefused)
• Type fpml:EventProposedMatch via reference to fpml:Events.model (Element fpml:proposedMatch)
• Type fpml:ExecutionAdvice via reference to fpml:Events.model (Element fpml:executionAdvice)
• Type fpml:ExecutionAdviceRetracted via reference to fpml:Events.model (Element fpml:executionAdviceRetracted)
• Type fpml:ExecutionRetracted via reference to fpml:Events.model (Element fpml:executionRetracted)
• Type fpml:PositionHistory via reference to fpml:Events.model (Element fpml:history)
• Type fpml:RequestClearing via reference to fpml:Events.model (Element fpml:requestClearing)
• Type fpml:RequestClearingEligibility via reference to fpml:Events.model (Element fpml:requestClearingEligibility)
• Type fpml:RequestClearingRetracted via reference to fpml:Events.model (Element fpml:requestClearingRetracted)
• Type fpml:RequestConfirmation via reference to fpml:Events.model (Element fpml:requestConfirmation)
• Type fpml:RequestConsent via reference to fpml:Events.model (Element fpml:requestConsent)
• Type fpml:RequestConsentRetracted via reference to fpml:Events.model (Element fpml:requestConsentRetracted)
• Type fpml:RequestExecution via reference to fpml:Events.model (Element fpml:requestExecution)
• Type fpml:RequestExecutionRetracted via reference to fpml:Events.model (Element fpml:requestExecutionRetracted)
• Type fpml:EventsChoice via reference to fpml:Events.model (Elements fpml:assertedEvent, fpml:allegedEvent)
• Type fpml:ExecutionNotification via reference to fpml:Events.model (Elements fpml:executionNotification, fpml:optionExpirationNotification)

Sample instance

<change>
   <trade>
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="_fund"/>
            <versionedTradeId>
               <tradeId tradeIdScheme="http://www.swift.com/coding-scheme/contract-id">CONTR3456</tradeId>
               <version>2</version>
            </versionedTradeId>
         </partyTradeIdentifier>
         <tradeDate>2009-09-08</tradeDate>
      </tradeHeader>
      <creditDefaultSwap>
         <productType>CDX</productType>
         <generalTerms>
            <effectiveDate>
               <unadjustedDate>2009-09-08</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>FOLLOWING</businessDayConvention>
                  <businessCentersReference href="BCNYLO"/>
               </dateAdjustments>
            </effectiveDate>
            <scheduledTerminationDate>
               <unadjustedDate>2012-06-20</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>FOLLOWING</businessDayConvention>
                  <businessCenters id="BCNYLO">
                     <businessCenter>USNY</businessCenter>
                     <businessCenter>GBLO</businessCenter>
                  </businessCenters>
               </dateAdjustments>
            </scheduledTerminationDate>
            <buyerPartyReference href="_broker"/>
            <sellerPartyReference href="_fund"/>
            <indexReferenceInformation>
               <indexName>CDX-NAIGHVOLS10.5Y</indexName>
               <indexId indexIdScheme="http://www.fpml.org/spec/2003/instrument-id-RED-1-0">2I65B3BA0</indexId>
               <indexSeries>10</indexSeries>
               <indexAnnexVersion>2</indexAnnexVersion>
               <indexAnnexDate>2007-03-06</indexAnnexDate>
               <excludedReferenceEntity>
                  <entityId entityIdScheme="http://www.fpml.org/spec/2003/instrument-id-RED-1-0"/>
               </excludedReferenceEntity>
            </indexReferenceInformation>
         </generalTerms>
         <feeLeg>
            <initialPayment>
               <payerPartyReference href="_fund"/>
               <receiverPartyReference href="_broker"/>
               <paymentAmount>
                  <currency>USD</currency>
                  <amount>387300.00</amount>
               </paymentAmount>
            </initialPayment>
            <periodicPayment>
               <paymentFrequency>
                  <periodMultiplier>3</periodMultiplier>
                  <period>M</period>
               </paymentFrequency>
               <firstPeriodStartDate>2009-06-20</firstPeriodStartDate>
               <firstPaymentDate>2009-09-20</firstPaymentDate>
               <rollConvention>20</rollConvention>
               <fixedAmountCalculation>
                  <calculationAmount>
                     <currency>USD</currency>
                     <amount>70000000.00</amount>
                  </calculationAmount>
                  <fixedRate>0.023</fixedRate>
                  <dayCountFraction>ACT/360</dayCountFraction>
               </fixedAmountCalculation>
            </periodicPayment>
         </feeLeg>
         <protectionTerms>
            <calculationAmount id="calculationAmount">
               <currency>USD</currency>
               <amount>70000000.00</amount>
            </calculationAmount>
            <creditEvents>
               <bankruptcy>true</bankruptcy>
               <failureToPay>
                  <applicable>true</applicable>
                  <paymentRequirement>
                     <currency>USD</currency>
                     <amount>1000000.00</amount>
                  </paymentRequirement>
               </failureToPay>
               <obligationAcceleration>true</obligationAcceleration>
               <repudiationMoratorium>true</repudiationMoratorium>
               <restructuring>
                  <applicable>true</applicable>
                  <restructuringType>ModR</restructuringType>
               </restructuring>
               <creditEventNotice>
                  <notifyingParty>
                     <buyerPartyReference href="_broker"/>
                  </notifyingParty>
                  <publiclyAvailableInformation>
                     <standardPublicSources>true</standardPublicSources>
                     <specifiedNumber>2</specifiedNumber>
                  </publiclyAvailableInformation>
               </creditEventNotice>
            </creditEvents>
            <obligations>
               <category>Bond</category>
               <notSubordinated>true</notSubordinated>
               <notDomesticCurrency>
                  <applicable>false</applicable>
               </notDomesticCurrency>
               <notDomesticLaw>false</notDomesticLaw>
               <notDomesticIssuance>false</notDomesticIssuance>
            </obligations>
         </protectionTerms>
         <physicalSettlementTerms>
            <settlementCurrency>USD</settlementCurrency>
            <physicalSettlementPeriod>
               <businessDaysNotSpecified>true</businessDaysNotSpecified>
            </physicalSettlementPeriod>
            <deliverableObligations>
               <accruedInterest>false</accruedInterest>
               <category>Bond</category>
               <notSubordinated>true</notSubordinated>
               <specifiedCurrency>
                  <applicable>true</applicable>
               </specifiedCurrency>
               <notDomesticLaw>true</notDomesticLaw>
               <notContingent>true</notContingent>
               <notDomesticIssuance>true</notDomesticIssuance>
               <transferable>true</transferable>
               <notBearer>true</notBearer>
            </deliverableObligations>
            <escrow>true</escrow>
         </physicalSettlementTerms>
      </creditDefaultSwap>
      <documentation>
         <masterConfirmation>
            <masterConfirmationType>DJ.CDX.NA</masterConfirmationType>
            <masterConfirmationDate>2009-05-22</masterConfirmationDate>
         </masterConfirmation>
      </documentation>
   </trade>
   <effectiveDate>2009-10-20</effectiveDate>
   <indexChange>
      <indexFactor>0.95</indexFactor>
      <factoredCalculationAmount>
         <currency>USD</currency>
         <amount>66500000.00</amount>
      </factoredCalculationAmount>
   </indexChange>
   <payment id="RECOVERY_FEE">
      <payerPartyReference href="_fund"/>
      <receiverPartyReference href="_broker"/>
      <paymentAmount>
         <currency>USD</currency>
         <amount>2840500.00</amount>
      </paymentAmount>
   </payment>
</change>