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FpML-EQD RE: FpML EQD - A question regarding Japanese Dividend Proposal



All,

 

To avoid the risk of potential misunderstandings stated in [2] of my previous email, we would like to propose amendments to the annotations.

 

Revised annotations should be without the word ‘Exclude’, as follows:

 

<xsd:element name="specialDividends" type="xsd:boolean" minOccurs="0">

            <xsd:annotation>

                        <xsd:documentation>Special Dividends and Memorial Dividends.</xsd:documentation>

            </xsd:annotation>

</xsd:element>

<xsd:element name="materialDividend" type="xsd:boolean" minOccurs="0">

            <xsd:annotation>

                        <xsd:documentation>Material Non-Cash Dividends.</xsd:documentation>

            </xsd:annotation>

</xsd:element>

 

In this way:

  • it is intuitively obvious to the user / implementer that a Boolean ‘true’ means ‘Applicable’, without referring to the wording.
  • it would be more flexible than a negative representation, should the elements be re-used with different wordings in the future.

 

We believe this is agreeable but please confirm in the next working group call.

 

Best Regards,

Takeo

 

 

 


From: Takeo Asakura
Sent: 01 July 2008 17:09
To: 'eqdwg@xxxxxxxx'
Subject: FpML EQD - A question regarding Japanese Dividend Proposal

 

All,

 

·         I am a bit puzzled regarding [1] below.

·         [2] below is something we might discuss in the WG after clarifying [1].

·         I would be grateful if someone (-who had requested or implemented, perhaps) could clarify [1] below, before the next WG so that we are ready to discuss [2], if possible.


[1]        I have noticed the 4-4 TR-1 (build 7) has elements <excludeSpecialDividends> and <nonCashDividend>, and it seems to me that they are for the same purpose as what <specialDividends> and <materialDividend> of our Japanese Dividend proposal are for. The build 7 date is 9th June, while our proposal was sent on the 16th and it was not discussed until later in the week, so it does not look like a case of our proposal reflected with different naming. Is the above assumption correct (-is our proposal a duplicated one)?
 
[2]        Our proposal also includes annotations for the two elements as [Exclude Special Dividends and Memorial Dividends] and [Exclude Material Non-Cash Dividends] respectively. Since they are Boolean (as opposed to passing ‘Not Applicable’), the annotations together with the non-negative tag name might make it ambiguous as to whether ‘true’ means applicable or excluded. This applies to <nonCashDividend> as well, and in this sense <excludeSpecialDividends> is clearer. Alternatively, both the tag names and the annotations can be made positive to mean that ‘true’ signifies inclusion of the respective dividends.

 

Best regards,

Takeo


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