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

[Robert Masri <rmasri@xxxxxxxx>]

 1)  Special  Dividends  is  defined in the Japanese MCA (excerpt below) to
                              include   special   dividends   and  memorial
                              dividends, but we should consider maintaining
                              them  as  separate  fields as future MCAs may
                              represent them separately.


      The  “gross cash dividend” above shall include without limitation any
      special  dividends  (tokubetsu  haitou) and memorial dividends (kinen
      haitou)  (collectively,  the  “Special  Dividends”)  unless otherwise
      indicated on the Transaction Supplement, but shall exclude:


 2)  In  regards to Material Non-cash Dividend, we should include "nonCash"
                              in the element name as it identifies the type
                              of dividend.

 Regards,
 Robert




                                                                           
             "Takeo Asakura"                                               
             <Takeo.Asakura@ma                                             
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             07/02/2008 05:51          FpML-EQD RE: FpML EQD - A question  
             AM                        regarding Japanese Dividend         
                                       Proposal                            
                                                                           
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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 9^th 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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