fpml:principalExchangeFeatures

This is used to document a Fully Funded Return Swap.

Element information

Namespace: http://www.fpml.org/FpML-5/confirmation

Schema document: fpml-eq-shared-5-5.xsd

Type: fpml:PrincipalExchangeFeatures

Properties: Local, Qualified

Content

Sequence [1..1]
1. fpml:principalExchanges [0..1] The true/false flags indicating whether initial, intermediate or final exchanges of principal should occur.
2. fpml:principalExchangeDescriptions [1..*] Specifies each of the characteristics of the principal exchange cashflows, in terms of paying/receiving counterparties, amounts and dates.

Attributes

None

Used in

Type fpml:ReturnSwapBase
Type fpml:EquitySwapTransactionSupplement via extension of fpml:ReturnSwapBase (Element fpml:equitySwapTransactionSupplement)
Type fpml:ReturnSwap via extension of fpml:ReturnSwapBase (Element fpml:returnSwap)

Sample instance

<principalExchangeFeatures>
   <principalExchanges>
      <initialExchange>true</initialExchange>
      <finalExchange>false</finalExchange>
      <intermediateExchange>false</intermediateExchange>
   </principalExchanges>
   <principalExchangeDescriptions>
      <payerPartyReference href="party2"/>
      <receiverPartyReference href="party1"/>
      <principalExchangeAmount>
         <principalAmount>
            <currency>USD</currency>
            <amount>55911.60</amount>
         </principalAmount>
      </principalExchangeAmount>
      <principalExchangeDate>
         <relativeDate>
            <periodMultiplier>0</periodMultiplier>
            <period>D</period>
            <businessDayConvention>NotApplicable</businessDayConvention>
            <dateRelativeTo href="EffectiveDate"/>
         </relativeDate>
      </principalExchangeDate>
   </principalExchangeDescriptions>
</principalExchangeFeatures>