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On today’s CDWG call the general
consensus was that we should move forward with this proposal. Andrew Parry
suggested a modeling change – making entityType an optional element of
LegalEntity. He will circulate this proposal for further comment. Ben Lis Head of Product Management &
Integration T-Zero 212.323.6041 www.tzero.com From: CDWG,
Currently entityType is only available for Basket
Swaps (see basketReferenceInformation->referencePool->referencePoolItem->referencePair). We
would now like to add entityType to the schema for single names as
well. The
annotation for entityType is as follows: "Defines the reference entity types corresponding to a
list of types in the ISDA First to Default documentation."
From
speaking to our documentation team they use this information to ensure the
appropriate annexes (detailing applicable Credit Events, etc.) are added to the
long form confirm for each reference entity type within the basket. We
would now like to add the same facility for single names. This will be
especially useful where the reference entity cannot be easily classified from
the information currently available in the schema. For
consistency with current Basket Swap implementation, we propose that entityType should be
added to the referenceInformation element that is within the generalTerms of the creditDefaultSwap schema. Please
see the attached diagram detailing the updated referenceInformation element and
the modified schema: <<entityType.png>>
<<fpml-cd-4-4.xsd>> |