Financial products Markup Language (FpML®) Generated using Liquid XML Studio Developer Edition Liquid XML Studio Designer Edition 9.0.0.2715
Definition Type: Element
Name: creditDefaultSwap
Namespace: http://www.fpml.org/2003/FpML-4-0
Type: nsA:CreditDefaultSwap
Containing Schema: fpml-cd-4-0.xsd
Abstract False
Documentation:
In a credit default swap one party (the protection seller) agrees to compensate another party (the protection buyer) if a specified company or Sovereign (the reference entity) experiences a credit event, indicating it is or may be unable to service its debts. The protection seller is typically paid a fee and/or premium, expressed as an annualized percent of the notional in basis points, regularly over the life of the transaction or otherwise as agreed by the parties.
Collapse XSD Schema Diagram:
Drilldown into physicalSettlementTerms Drilldown into cashSettlementTerms Drilldown into protectionTerms Drilldown into feeLeg Drilldown into generalTerms Drilldown into id Drilldown into productId Drilldown into productType Drilldown into Product Drilldown into CreditDefaultSwapXSD Diagram of creditDefaultSwap
Collapse XSD Schema Code: 
<xsd:element name="creditDefaultSwap" type="CreditDefaultSwap" substitutionGroup="product">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">In a credit default swap one party (the protection seller) agrees to compensate another party (the protection buyer) if a specified company or Sovereign (the reference entity) experiences a credit event, indicating it is or may be unable to service its debts. The protection seller is typically paid a fee and/or premium, expressed as an annualized percent of the notional in basis points, regularly over the life of the transaction or otherwise as agreed by the parties.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
productType nsA:productType 0 (1)
productId nsA:productId 0 unbounded
generalTerms nsA:generalTerms (1) (1)
feeLeg nsA:feeLeg (1) (1)
protectionTerms nsA:protectionTerms (1) (1)
cashSettlementTerms nsA:cashSettlementTerms (1) (1)
physicalSettlementTerms nsA:physicalSettlementTerms (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsA:id (Optional)
Collapse Derivation Tree:
Collapse Comments:
blog comments powered by Disqus
Generated using Liquid XML Studio Developer Edition Liquid XML Studio Designer Edition 9.0.0.2715 - Featuring anXML Schema Editor