FpML-VAL validation rules questions

We would like to add these topics for discussion to the next agenda:

1. Terminology

a. “If and only if” ird-1,7, shared-1,15 http://www.fpml.org/issues/view.php?id=740

o Isn’t this the same as “if” from an implementation perspective?

o Is function iif() bringing clarity

b. “Should only exist if” ird-23,24

o “Should” vs. “Must”

o Isn’t this the same as “if and only if”?

c. Use of mathematical expressions

o “>=” vs. “greater than or equal to”

d. “If… then… else” ird-10,11 http://www.fpml.org/issues/view.php?id=697

2. Should functions be shared across asset classes?

- E.g., SameCurrency, same-currency() http://www.fpml.org/issues/view.php?id=744

3. Component ordering ln-7,8,9 http://www.fpml.org/issues/view.php?id=743

- E.g., [n]th and [n+1]th element http://www.fpml.org/issues/view.php?id=766

Please find attached HTML renditions of the validation rules* in \trunk\src\validation (4.5). Feel free to share any thoughts through this forum before the next meeting.

Thanks, Lyteck

* FYI - Below is a summary of the validation rules that we upgraded to conform to the new specifications. They fall into two categories: (a) validation rules tracked as issues in Mantis or (b) waiting to be noticed and upgraded

a. Logged as issues: The following 34 issues below (related to the implementation of the new validation specs) have been fixed in \trunk (FpML 4.5):

- http://www.fpml.org/issues/view.php?id=616 cd-1 (update)

- http://www.fpml.org/issues/view.php?id=698 eqd-3 (updated)

- http://www.fpml.org/issues/view.php?id=672 eqd-2, eqd-4, eqd-12, eqd-13, eqd-14 (update)

http://www.fpml.org/issues/view.php?id=672 eqd-2b, eqd-4b, eqd-12b, eqd-13b, eqd-14b (new)

- http://www.fpml.org/issues/view.php?id=699 eqd-6 (updated)

- http://www.fpml.org/issues/view.php?id=700 eqd-15 (updated)

- http://www.fpml.org/issues/view.php?id=683 eqd-19 (updated)

- http://www.fpml.org/issues/view.php?id=684 eqd-20 (updated)

- http://www.fpml.org/issues/view.php?id=685 eqd-23 (updated), eqd-30 (new), (pending: eqd-31, 32)

- http://www.fpml.org/issues/view.php?id=686 eqd-25 (updated)

- http://www.fpml.org/issues/view.php?id=701 eqd-28 (updated)

- http://www.fpml.org/issues/view.php?id=702 eqd-29 (updated)

- http://www.fpml.org/issues/view.php?id=759 shared-4 (updated)

- http://www.fpml.org/issues/view.php?id=559 shared-5 (updated)

- http://www.fpml.org/issues/view.php?id=758 shared-6 (updated)

- http://www.fpml.org/issues/view.php?id=757 shared-7 (updated)

- http://www.fpml.org/issues/view.php?id=756 shared-9 (updated)

- http://www.fpml.org/issues/view.php?id=716 shared-18 (new)

- http://www.fpml.org/issues/view.php?id=717 shared-19 (new)

- http://www.fpml.org/issues/view.php?id=719 shared-20 (new)

- http://www.fpml.org/issues/view.php?id=720 shared-21 (new)

- http://www.fpml.org/issues/view.php?id=721 shared-22 (new)

- http://www.fpml.org/issues/view.php?id=722 shared-23 (new)

- http://www.fpml.org/issues/view.php?id=723 shared-24 (new)

- http://www.fpml.org/issues/view.php?id=724 shared-25 (new)

- http://www.fpml.org/issues/view.php?id=613 ird-5 (update)

- http://www.fpml.org/issues/view.php?id=614 ird-6 (update)

- http://www.fpml.org/issues/view.php?id=695 ird-25 (new)

- http://www.fpml.org/issues/view.php?id=696 ird-29 (new)

- http://www.fpml.org/issues/view.php?id=715 ird-48 (new)

- http://www.fpml.org/issues/view.php?id=689 ird-57 (new) (reopened by Harry/ TBILL question)

- http://www.fpml.org/issues/view.php?id=690 ird-58 (new) (reopened by Harry/ TBILL question)

- http://www.fpml.org/issues/view.php?id=734 ln-2 (update)

- http://www.fpml.org/issues/view.php?id=745 ln-7, ln-8, ln-9 (update)

- http://www.fpml.org/issues/view.php?id=585 all (precondition -> condition)

b. Not logged as issues: A second wave of changes was applied as a result of reviewing all the other rules (not logged as issues but requiring refactoring to conform to the new specs. The following 70 rules contained "if" statements now refactored using local <condition>s:

- CD: cd-1b, cd-2, cd-5, cd-8, cd-9, cd-10, cd-12, cd-13, cd-14, cd-15, cd-16, cd-17, cd-18, cd-25, cd-26, cd-27, cd-28, cd-29, cd-30, cd-31, cd-32, cd-33, cd-34, cd-39, cd-41, cd-42, cd-43

- IRD: ird-9, ird-10, ird-11, ird-35, ird-36, ird-46, ird-47

- LOAN: ln-4, ln-5, ln-10, ln-11, ln-12, ln-14, ln-15, ln-16, ln-17, ln-18, ln-19, ln-22, ln-24, ln-26, ln-27, ln-28, ln-30, ln-31

- FX: fx-2, fx-3, fx-8, fx-9, fx-12, fx-13, fx-14, fx-15, fx-16, fx-20, fx-21, fx-22, fx-26, fx-29, fx-30, fx-44, fx-45

- REPO: repo-1