Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: creditDefaultSwap
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: nsD:CreditDefaultSwap
Containing Schema: fpml-cd-5-10.xsd
Abstract
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 in schema fpml-cd-5-10_xsd2 Drilldown into cashSettlementTerms in schema fpml-cd-5-10_xsd2 Drilldown into protectionTerms in schema fpml-cd-5-10_xsd2 Drilldown into feeLeg in schema fpml-cd-5-10_xsd2 Drilldown into generalTerms in schema fpml-cd-5-10_xsd2 Drilldown into embeddedOptionType in schema fpml-shared-5-10_xsd3 Drilldown into productId in schema fpml-shared-5-10_xsd3 Drilldown into productId in schema fpml-shared-5-10_xsd3 Drilldown into productType in schema fpml-shared-5-10_xsd3 Drilldown into secondaryAssetClass in schema fpml-shared-5-10_xsd3 Drilldown into primaryAssetClass in schema fpml-shared-5-10_xsd3 Drilldown into Product.model in schema fpml-shared-5-10_xsd3 Drilldown into id in schema fpml-shared-5-10_xsd3 Drilldown into Product in schema fpml-shared-5-10_xsd3 Drilldown into CreditDefaultSwap in schema fpml-cd-5-10_xsd2XSD Diagram of creditDefaultSwap in schema fpml-cd-5-10_xsd2 (Financial products Markup Language (FpML®))
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
primaryAssetClass nsD:primaryAssetClass (1) (1)
secondaryAssetClass nsD:secondaryAssetClass 0 unbounded
productType nsD:productType (1) unbounded
productId nsD:productId 0 unbounded
productId nsD:productId (1) unbounded
embeddedOptionType nsD:embeddedOptionType 0 2
generalTerms nsD:generalTerms (1) (1)
feeLeg nsD:feeLeg (1) (1)
protectionTerms nsD:protectionTerms (1) unbounded
cashSettlementTerms nsD:cashSettlementTerms (1) (1)
physicalSettlementTerms nsD:physicalSettlementTerms (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsD:id (Optional)
Collapse Derivation Tree:
Collapse References:
nsD:product
Documentation for Financial products Markup Language (FpML®)

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