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RE: FpML-MWG40 tradeSide issue



Title: RE: FpML-MWG40 tradeSide issue

Marc

Note our own examples already show usage with trade side greater than 2 (
ie ) msg_ex16_fx_single_leg_roles_accounts.xml

Regards

Andrew Parry
+44 20 7325 1486
IBML Product Manager
http://ibml.jpmorgan.com





"Marc Gratacos" <MGratacos@xxxxxxxx>
19/01/2006 16:43
Please respond to mwg

 
        To:     <mwg@xxxxxxxxxxxxxxxxxxxxxx>
        cc:
        Subject:        RE: FpML-MWG40 tradeSide issue


What should do on this?
 
I personally think we should limit it to 2. I don't see a strong reason
for not doing that. If someone comes up with a case needing more than 2
sides, we'll go back to maxOccurs=unbounded.
 
What do other people think?
 
Best Regards,
-Marc
+1-212-901-6028

From: matthew.d.rawlings@xxxxxxxxxxxx [mailto:matthew.d.rawlings@xxxxxxxxxxxx]
Sent: Thursday, January 12, 2006 3:38 PM
To: mwg@xxxxxxxxxxxxxxxxxxxxxx
Subject: RE: FpML-MWG40 tradeSide issue
 

Maybe we need to be clearer that additional fees aren't legs?



Matthew Rawlings
+44 791 539 7824


 
Brian Lynn <brian.lynn@xxxxxxxxxxxxxxxxxxx>
11/01/2006 20:37
Please respond to mwg
       
        To:        mwg@xxxxxxxxxxxxxxxxxxxxxx
        cc:        matthew.d.rawlings@xxxxxxxxxxxx
        Subject:        RE: FpML-MWG40 tradeSide issue



Usually a swap with three streams or more will still involve the same two
sides.  On the other hand, sometimes there are additional fees or payments
with a different party, and this might involve additional sides.
(Occasionally firms will represent these additional payments as additional
streams, contradicting my first comment).  For this reason I think that
you can't necessarily constrain the number of sides, though it would be
reasonably rare that you would need more than two.
 
Brian Lynn, CTO
Global Electronic Markets, http://global-emarkets.com
High-speed FpML matching, reconciliation, and validation:
http://fpml-mediator.com
 
 


From: Marc Gratacos [mailto:MGratacos@xxxxxxxx]
Sent: Wednesday, January 11, 2006 3:25 PM
To: mwg@xxxxxxxxxxxxxxxxxxxxxx
Cc: matthew.d.rawlings@xxxxxxxxxxxx
Subject: FpML-MWG40 tradeSide issue
 
All,
 
See tradeSide issue reported by Matthew Rawlings:
 
"The cardinality of tradeSide under trade ( //trade/tradeSide), should be
"0..2". Currently the cardinality is 0 to unlimited."
http://www.fpml.org/issues/view.php?id=158
 
Wouldn't be possible to have a swap with, for example, three or more
streams, each one having a different tradeSide?
 
Let me know your opinion on this.
 
Thanks a lot,
-Marc



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