fpml:nearLeg

The FX transaction with the earliest value date.

Element information

Content

• Sequence [1..1]
  1. fpml:tradeIdentifierReference [0..1]    A reference to a party trade ID. This is provided in case the message creator wishes to record that the swap leg is assocatiated with a particular trade identifier; typically this is used for identifying a USI assocatied wih the leg.
  from group fpml:FxCoreDetails.model
  fpml:exchangedCurrency1 [1..1]    This is the first of the two currency flows that define a single leg of a standard foreign exchange transaction.
  fpml:exchangedCurrency2 [1..1]    This is the second of the two currency flows that define a single leg of a standard foreign exchange transaction.
  fpml:dealtCurrency [0..1]    Indicates which currency was dealt.
  from group fpml:FxTenor.model
  Choice [0..1]
  • fpml:tenorName    A tenor expressed with a standard business term (i.e. Spot, TomorrowNext, etc.)
  • fpml:tenorPeriod    A tenor expressed as a period type and multiplier (e.g. 1D, 1Y, etc.)
  Choice [1..1]
  • fpml:valueDate    The date on which both currencies traded will settle.
  • Sequence [1..1]
    1. fpml:currency1ValueDate [1..1]    The date on which the currency1 amount will be settled. To be used in a split value date scenario.
    2. fpml:currency2ValueDate [1..1]    The date on which the currency2 amount will be settled. To be used in a split value date scenario.
  fpml:exchangeRate [1..1]    The rate of exchange between the two currencies.
  fpml:nonDeliverableSettlement [0..1]    Used to describe a particular type of FX forward transaction that is settled in a single currency (for example, a non-deliverable forward).
  fpml:disruption [0..*]    Describes the disruption events and fallbacks applicable to a currency pair referenced by the transaction.

Attributes

Used in

• Type fpml:FxSwap (Element fpml:fxSwap)

Sample instance

<nearLeg>
   <exchangedCurrency1>
      <payerPartyReference href="party2"/>
      <receiverPartyReference href="party1"/>
      <paymentAmount>
         <currency>GBP</currency>
         <amount>10000000</amount>
      </paymentAmount>
   </exchangedCurrency1>
   <exchangedCurrency2>
      <payerPartyReference href="party1"/>
      <receiverPartyReference href="party2"/>
      <paymentAmount>
         <currency>USD</currency>
         <amount>14800000</amount>
      </paymentAmount>
   </exchangedCurrency2>
   <valueDate>2002-01-25</valueDate>
   <exchangeRate>
      <quotedCurrencyPair>
         <currency1>GBP</currency1>
         <currency2>USD</currency2>
         <quoteBasis>Currency2PerCurrency1</quoteBasis>
      </quotedCurrencyPair>
      <rate>1.48</rate>
   </exchangeRate>
</nearLeg>