Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: buyerConvention
Namespace: http://www.fpml.org/FpML-5/pretrade
Type: nsC:BuyerConventionEnum
Containing Schema: fpml-cd-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
The purpose of this element is to disambiguate whether the buyer of the product effectively buys protection or whether he buys risk (and, hence, sells protection) in the case, such as high yields instruments, where no firm standard appears to exist at the execution level.
Collapse XSD Schema Diagram:
XSD Diagram of buyerConvention in schema fpml-cd-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="buyerConvention" type="BuyerConventionEnum" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The purpose of this element is to disambiguate whether the buyer of the product effectively buys protection or whether he buys risk (and, hence, sells protection) in the case, such as high yields instruments, where no firm standard appears to exist at the execution level.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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