fpml:termination

Element information

Content

• Sequence [1..1]
  from type fpml:AbstractEvent
  fpml:eventIdentifier [0..*]    
  from type fpml:TradeChangeBase
  Choice [1..1]
  • fpml:tradeIdentifier [1..*]    
  • fpml:originalTrade    
  from group fpml:AgreementAndEffectiveDates.model
  fpml:agreementDate [1..1]    The date on which the change was agreed.
  fpml:executionDateTime [0..1]    The date and time at which the negotiated change to the terms of the original contract was agreed, such as via telephone or electronic trading system (i.e., agreement date/time).
  fpml:effectiveDate [1..1]    The date on which the change become effective.
  from group fpml:TradeAlterationPayment.model
  fpml:payment [0..*]    Describes a payment made in settlement of the change. Normally there will be a single fee, but there could be additional payments such as principal exchanges resulting from the termination.
  1. Choice [1..1]
     from group fpml:TradeNotionalChange.model
     Sequence [1..1]
     1. fpml:changeInNotionalAmount [1..*]    Specifies the fixed amount by which the Notional Amount changes. The direction of the change (increase or decrease) is specified by the event type (Termination => reduction, Increase => greater.)
     2. fpml:outstandingNotionalAmount [1..*]    Specifies the Notional amount after the Change
     Sequence [1..1]
     1. fpml:changeInNumberOfOptions [1..1]    Specifies the fixed amount by which the Number of Options changes
     2. fpml:outstandingNumberOfOptions [1..1]    Specifies the Number of Options after the Change.
     Sequence [1..1]
     1. fpml:changeInNumberOfUnits [1..1]    Specifies the fixed amount by which the Number of Units changes
     2. fpml:outstandingNumberOfUnits [1..1]    Specifies the Number of Units
     • fpml:sizeChange [1..*]    

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

<termination>
   <originalTrade>
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="clearer"/>
            <tradeId tradeIdScheme="http://www.lch.com/coding-scheme/clearing-id">CL000002</tradeId>
         </partyTradeIdentifier>
         <tradeDate>2010-01-04</tradeDate>
      </tradeHeader>
      <creditDefaultSwap>
         <generalTerms>
            <effectiveDate>
               <unadjustedDate>2002-12-04</unadjustedDate>
            </effectiveDate>
            <scheduledTerminationDate>
               <unadjustedDate>2007-09-06</unadjustedDate>
            </scheduledTerminationDate>
            <buyerPartyReference href="clearer"/>
            <sellerPartyReference href="party2"/>
            <referenceInformation>
               <referenceEntity id="referenceEntity">
                  <entityName>Tenet Healthcare Corporation</entityName>
                  <entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">8G836J</entityId>
               </referenceEntity>
               <referenceObligation>
                  <bond>
                     <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-CUSIP-1-0">88033GAT7</instrumentId>
                     <couponRate>0.06</couponRate>
                     <maturity>2011-12-01</maturity>
                  </bond>
                  <primaryObligorReference href="referenceEntity"/>
               </referenceObligation>
            </referenceInformation>
         </generalTerms>
         <feeLeg>
            <periodicPayment>
               <paymentFrequency>
                  <periodMultiplier>3</periodMultiplier>
                  <period>M</period>
               </paymentFrequency>
               <firstPaymentDate>2003-03-06</firstPaymentDate>
               <rollConvention>6</rollConvention>
               <fixedAmountCalculation>
                  <fixedRate>0.01</fixedRate>
               </fixedAmountCalculation>
            </periodicPayment>
         </feeLeg>
         <protectionTerms>
            <calculationAmount>
               <currency>USD</currency>
               <amount>5000000</amount>
            </calculationAmount>
            <creditEvents>
               <restructuring>
                  <applicable>true</applicable>
               </restructuring>
            </creditEvents>
         </protectionTerms>
      </creditDefaultSwap>
   </originalTrade>
   <agreementDate>2010-11-06</agreementDate>
   <effectiveDate>2010-11-06</effectiveDate>
   <changeInNotionalAmount>
      <currency>USD</currency>
      <amount>5000000</amount>
   </changeInNotionalAmount>
   <outstandingNotionalAmount>
      <currency>USD</currency>
      <amount>0</amount>
   </outstandingNotionalAmount>
</termination>