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RE: FpML-VAL FX Business Rules




Dear VWG -

There was no comment in the feedback about the choice of term. It wasn't raised as part of the feedback.

The issue raised was that the entire phrase is undefined as it applies to XML. The examples given are whether comments, processing instructions, elements in other namespaces (extensions), should be considered or ignored in the test of sameness. The same issue arose with http://www.fpml.org/issues/view.php?id=514, when Andrew Jacobs pointed out that a deep equality test would check xml:lang and other non-FpML types. In that case after much discussion the function the resolution was to limit the test to elements (and their attributes), in the FpML namespace. I suggest we use Andrew's solution for issue #514 additionally on this rule also.

Matthew Rawlings
+44 7917 596 827



"Andrew Jacobs" <andrew@xxxxxxxxxxxxx>
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15/04/2008 12:49

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RE: FpML-VAL FX Business Rules





Out of curiousity I looked up 'same' and 'equal' in the Compact Oxford English dictionary.
 
equal

  • adjective 1 being the same in quantity, size, degree, value, or status. 2 evenly or fairly balanced: an equal contest. 3 (equal to) having the ability or resources to meet (a challenge).

  • noun a person or thing that is equal to another.

  • verb (equalled, equalling; US equaled, equaling) 1 be equal or equivalent to. 2 match or rival.

  — ORIGIN Latin aequalis, from aequus ‘even, level, equal’

same

  • adjective 1 (the same) exactly alike; not different or changed. 2 (this/that same) referring to a person or thing just mentioned.

  • pronoun 1 (the same) the same thing as previously mentioned. 2 (the same) identical people or things. 3 the person or thing just mentioned.

  • adverb in the same way.

  — PHRASES all (or just) the same 1 nevertheless. 2 anyway. at the same time nevertheless.

  — DERIVATIVES sameness noun.

  — ORIGIN Old Norse.

Seems 'equality' is actually defined in terms of 'sameness'. I think I'll stick to the current wording.

Andrew

-----Original Message-----
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valwg@xxxxxxxx [mailto:valwg@xxxxxxxx] On Behalf Of matthew.d.rawlings@xxxxxxxxxxxx
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14 April 2008 15:00
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Re: FpML-VAL FX Business Rules


Dear VWG - Please find below my feedback on the latest FX rules draft.

1.        Many of the rules compare elements of type Currency. The problem with the current rules draft is they do not take into account the currencyScheme attribute.
2.        Some of the tests on the data are ambiguous. For example fx-5 has "must be the same as". This phrase is undefined. Presumably it is more than just node equality because it takes into account namespaces, extensions, excluding comments, etc.
3.        The rules fx-12 refers to "the calculated schedule dates". This schedule is undefined. It would need to be defined to be referred to.

Matthew Rawlings
+44 7917 596 827


"Andrew Jacobs" <andrew.jacobs@xxxxxxxxxxxxxx>
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14/04/2008 14:38

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FpML-VAL FX Business Rules







Please find attached the latest revision of the FX business rules and a ZIP containing test examples for FpML 3.0, 4.0, 4.1, 4.2, 4.3 and 4.4.

As a result of implementing the rules I have discovered mistakes in one FX examples. I have included copies of the corrected examples within the zip.


Thanks

 
Andrew Jacobs

Director & CTO

HandCoded Software Ltd

Mob: +44 (0)7710 304239

[attachment "FX Business Validation Rules.doc" deleted by Matthew D Rawlings/JPMCHASE] [attachment "FX Test Cases.zip" deleted by Matthew D Rawlings/JPMCHASE]


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This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates. This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. Please refer to http://www.jpmorgan.com/pages/disclosures for disclosures relating to UK legal entities.