FpML-FXWG-Legacy Fwd: RE: [fpml-fx] Example of implementing a date adjustment for a par ticular date

["Danielle Cauthen" <dcauthen@xxxxxxxx>]

--- In fpml-fx@xxxxxxxxxxxxxxx, Bill Specht <bill.specht@...> wrote:

Good example Rick.
 
By picking the fixing date/time it introduces the issue that you 
addressed.
How do we handle businessCenters?
 
I suppose that in some sense most dates are associated with a 
business
center.   The value date on a spot USD/JPY deal has two currency 
flows each
with a paymentDate = valueDate. AND  the paymentDate in JPY (Tokyo) 
in GMT
is not the same as the paymentDate in USD (New York) for GMT.   
(otherwise
there would be no CLS project).   Maybe only the valueDate is not 
related to
a business center.
 
In the case of the nonDeliverable, maybe there should be a dateTime 
element
that combines a single business center with the date/time 
combination.
 
I actually think that having the business center associated with a 
date is a
very good thing.   Particularly in international based systems, if 
you don't
have this information then eventually there will some kind of problem
comparing dates.
 
It's interesting the unadjustedDate in the adjustableDate entity 
does not
have a businessCenter.   Only when being adjusted does the center get
involved and this is an optional element.   This means that the
unadjustedDate could mean different things to different people based 
on
where and how it's used.
 
(I hate dates!!!   I think we should have the WorldDate and be done 
with
it.)
 
I suspect we will have a lively conversation tomorrow morning.    
I'll look
at this more later today in preparation for tomorrow.
 
 

-----Original Message-----
From: Rick Schumacher [mailto:rick.schumacher@...]
Sent: Wednesday, January 09, 2002 5:44 AM
To: fpml-fx@xxxxxxxxxxxxxxx
Subject: [fpml-fx] Example of implementing a date adjustment for a
particular date



There have been a couple of questions regarding the impact this 
particular
change were to have on the existing DTD if we were to make the 
change.

I have written a document describing what the change would look like 
for one
of the dates in question (fixingDate).  The change is very simple.

So, we shouldn't let that get in the way; rather, we should 
determine the
correct solution here from a business and an automation point of 
view going
forward.

Regards, 
Rick 

<<Date Adjustment Example.doc>> 


Yahoo! Groups Sponsor	

ADVERTISEMENT
 
<http://rd.yahoo.com/M=216105.1806326.3318126.1261774/D=egroupweb/S=1
7050013
80:HM/A=915130/R=0/O=1/I=brandr-
lrec/postholidaygroup/*http://shopping.yahoo
.com/domain?d=holiday&cf=posthol01> 	
 
<http://us.adserver.yahoo.com/l?
M=216105.1806326.3318126.1261774/D=egroupmai
l/S=1705001380:HM/A=915130/rand=161819696> 	

To unsubscribe from this group, send an email to:
fpml-fx-unsubscribe@xxxxxxxxxxxxxxx



Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .

--- End forwarded message ---



-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe fxwglegacy youremail@address
To view archives: http://www.fpml.org/_wgmail/_fxwglegacymail/threads.html