fpml:TradeUnderlyer2

The underlying asset/index/reference price etc. whose rate/price may be observed to compute the value of the cashflow. It can be an index, fixed rate, listed security, quoted currency pair, or a reference entity (for credit derivatives). For use with Generic products in Transparency reporting. Generic products define a product that represents an OTC derivative transaction whose economics are not fully described using an FpML schema. In other views, generic products are present for convenience to support internal messaging and workflows that are cross-product. Generic products are not full trade representations as such they are not intended to be used for confirming trades.

Complex type information

Content

• Sequence [1..1]
  1. Choice [1..1]
     • fpml:floatingRate    A floating rate.
     • fpml:fixedRate    The fixed rate or fixed rate schedule expressed as explicit fixed rates and dates. In the case of a schedule, the step dates may be subject to adjustment in accordance with any adjustments specified in calculationPeriodDatesAdjustments.
     • fpml:exchangeRate    The rate of exchange between two currencies.
     from subst. group fpml:underlyingAsset
     fpml:basket    Defines the underlying asset when it is a basket.
     fpml:bond    Identifies the underlying asset when it is a series or a class of bonds.
     fpml:cash    Identifies a simple underlying asset type that is a cash payment. Used for specifying discounting factors for future cash flows in the pricing and risk model.
     fpml:commodity    Identifies the underlying asset when it is a listed commodity.
     fpml:convertibleBond    Identifies the underlying asset when it is a convertible bond.
     fpml:equity    Identifies the underlying asset when it is a listed equity.
     fpml:exchangeTradedFund    Identifies the underlying asset when it is an exchange-traded fund.
     fpml:future    Identifies the underlying asset when it is a listed future contract.
     fpml:index    Identifies the underlying asset when it is a financial index.
     fpml:loan    Identifies a simple underlying asset that is a loan.
     fpml:mortgage    Identifies a mortgage backed security.
     fpml:mutualFund    Identifies the class of unit issued by a fund.
     fpml:option    Identifies the underlying asset when it is a listed option contract.
     • fpml:quotedCurrencyPair    Describes the composition of a rate that has been quoted. This includes the two currencies and the quotation relationship between the two currencies.
     • fpml:referenceEntity    The corporate or sovereign entity on which you are buying or selling protection and any successor that assumes all or substantially all of its contractual and other obligations. It is vital to use the correct legal name of the entity and to be careful not to choose a subsidiary if you really want to trade protection on a parent company. Please note, Reference Entities cannot be senior or subordinated. It is the obligations of the Reference Entities that can be senior or subordinated. ISDA 2003 Term: Reference Entity
  2. fpml:averagingMethod [0..1]    The parties may specify a Method of Averaging where more than one pricing Dates is being specified as being applicable. This defines the averaging method applicable to this asset (used for Commodities).
  3. Choice [0..1]
     from group fpml:PayerReceiver.model
     Sequence [1..1]
     1. fpml:payerPartyReference [1..1]    A reference to the party responsible for making the payments defined by this structure.
     2. fpml:payerAccountReference [0..1]    A reference to the account responsible for making the payments defined by this structure.
     3. fpml:receiverPartyReference [1..1]    A reference to the party that receives the payments corresponding to this structure.
     4. fpml:receiverAccountReference [0..1]    A reference to the account that receives the payments corresponding to this structure.
     from group fpml:BuyerSeller.model
     Sequence [1..1]
     1. fpml:buyerPartyReference [1..1]    A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.
     2. fpml:buyerAccountReference [0..1]    A reference to the account that buys this instrument.
     3. fpml:sellerPartyReference [1..1]    A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.
     4. fpml:sellerAccountReference [0..1]    A reference to the account that sells this instrument.
  4. fpml:dayCountFraction [0..1]    Specifies a day count fraction or fractions that apply to this underlyer; this is provided to meet regulatory reporting requirements, but is not sufficient to to fully represent the economics of the trade..

Attributes

Used by

• Element fpml:underlyer