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> http://global-emarkets.com High-speed FpML matching, reconciliation, and validation: <http://fpml-mediator.com> 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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