Fpml Validation Working Group

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FpML Validation Working Group

Agenda

Simon Heinrich – C24 (Chair)
Mark Sipos – Tapin Information LLC
James D’Agostino – Goldman Sachs
Xiain Yu – Northern Trust
Marc Teichman – DTCC
Irina Yermakova - ISDA
Marc Gratacos– ISDA
Daniel Dui –UBS
Karin Bleyer – JPMorgan / Rob James – HSBC
Oliver Schlicht - Accenture
Yazid Sidi - La Banque Postale
Peter Francis - Interwoven
John Bojtos - Tradition
Giandomenico Gozio - Etnoteam.F
Enjin Wang – China Merchants Bank
Michael Woodward - ITG/Macgregor
Craig Layman - Talisan & Associates
Guests:
Christian Nentwich – Systemwire
DATE: / TuesdayOctober 24, 2006
TIME: / 2:00p.m.(UK) / 9:00a.m. (NY)
US Dial-in: / 1 888 481 3032 / Passcode: 751365
UK Toll Free: / 0800 904 7961 / Passcode: 751365
International Dial-in: / 1 617 801 9600 / Passcode: 751365
CONTACTS: / Simon Heinrich +44 (0)7773 427122
Agenda Item / Presenter / Time /

Supporting Documents

Review of agenda / All / 10 mins.
Review of minutes/actions / All / See below
Issue 210: Missing rule for href / SH / 10 mins. / See below
Issue 211: GenericDimension missing a rule / SH / 10 mins. / See below
Issue 212: TimeDimension href undefined / SH / 10 mins. / See below
Issue 213: /FpML/novation/firstPeriodStartDate/@href undefined / MG / 10 mins. / See below
Rule CD-37 Error / SH / CN / 10 mins. / See below
AOB / All / 5 mins.

* Please confirm if you will attend

* If you have additional agenda items, please let me know.

Actions for review

Owner / Action
All / Continue reviewing documentation and make suggestions for updates to be implemented after the creation of the 4.2 test cases and in time for the 4.2 recommendation
MG / Contact DecisionSoft to discuss their reference implementation and whether we can get access to their schematron / XSLT rule implementations
MG / Locate other possibilities of “hanging” references, e.g. party href=?
MG / Commit updated test cases to SVN
MG / IY / Context of dateRelativeTo/@href
CN / Send SH updated versions of IRD-1, IRD-29
SH / Communicate with IRWG to check new rules & send final agreed versions to MR to be committed to SVN

Issue 210: Missing rule for href

()

Add a rule that /FpML/position/scheduledDate/assetReference/@href must point to a specific type containing an xsd:ID.
Probably the rule should be element(*, InterestRateStream).
Either way this is undocumented, undefined, and missing a rule.

Issue 211: GenericDimension missing a rule

()

The type GenericDimension is missing a rule linking it to underlyingAsset.
fpml-mktenv-4-2.xsd(164): <xsd:attribute name="href" type="xsd:IDREF">

Issue 212: TimeDimension href undefined

()

Line 448, mkt-env, what does TimeDimension have its href point at?
<xsd:attribute name="href" type="xsd:IDREF"/>
A validation rules should be added to correct this ambiguity.

Issue 213: /FpML/novation/firstPeriodStartDate/@href undefined

()

The attribute /FpML/novation/firstPeriodStartDate/@href is undefined. What does it refer to?

A rule should be added to cope with all element(*, FirstPeriodStartDate).

Rule CD-37 Error

All,

I've been going through the credit derivatives rules spreadsheet.. There's

something wrong with cd-37.

The rule is currently "quotationAmount/amount >= minimumQuotationAmount/amount,

if both elements are present." with a precondition called "All

instances of currency values must be identical.".

"All currency values must be identical" is a rule, not a precondition.

Furthermore, it is only used once and thus should be rewritten into

the rule.

I suggest that cd-37 is rewritten (precisely of course) to say

"if the currencies are equal then the quotation amount is greater

than or equal to the minimum quotation amount)."

Christian