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FpML-VAL new eqd rules

As discussed in yesterday’s call, see attached an html doc stating four new rules defined by the EQDWG. I have also developed some test cases for the new rules.

 

Let me know if you have any comments.

 

Best Regards,

-Marc

+13472846531

 

 

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Title: FpML 4.4 Validation Rules - 2007-12-24

FpML 4.4 Validation Rules - Rules for Equity Derivatives (EQD) - WIP

Work in Progress

Content

Rules

Unique contexts:

Context: EquityMultipleExercise (complex type)

eqd-26 (Mandatory)
maxiumumNumberOfOptions <= numberOfOptions
Comment: You cannot exercise more than the number of options you have.
Test cases: [Valid] [Invalid]
eqd-27 (Mandatory)
minimumNumberOfOptions <= maxiumumNumberOfOptions
Comment: Maximum number of options to exercise must be greater than or equal to minimum number of options to exercise.
Test cases: [Valid] [Invalid]
eqd-28 (Mandatory)
If integralMultipleExercise is present, (minimumNumberOfOptions / integralMultipleExercise) must be a positive integer.
Comment: When integral multiple exercise is present, minimum number of options exercised must be a positive integer multiple.
Test cases: [Valid] [Invalid]
eqd-29 (Mandatory)
If integralMultipleExercise is present, (maximumNumberOfOptions / integralMultipleExercise ) must be a positive integer.
Comment: When integral multiple exercise is present, maximum number of options exercised must be a positive integer multiple.
Test cases: [Valid] [Invalid]

Deprecated rules

Removed rules

Attachment: valid-eqd-29-01.xml
Description: valid-eqd-29-01.xml

Attachment: valid-eqd-26-01.xml
Description: valid-eqd-26-01.xml

Attachment: valid-eqd-27-01.xml
Description: valid-eqd-27-01.xml

Attachment: valid-eqd-28-01.xml
Description: valid-eqd-28-01.xml

Attachment: invalid-eqd-29-01.xml
Description: invalid-eqd-29-01.xml

Attachment: invalid-eqd-26-01.xml
Description: invalid-eqd-26-01.xml

Attachment: invalid-eqd-27-01.xml
Description: invalid-eqd-27-01.xml

Attachment: invalid-eqd-28-01.xml
Description: invalid-eqd-28-01.xml