Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: paymentRequirement
Namespace: http://www.fpml.org/FpML-5/pretrade
Type: nsC:Money
Containing Schema: fpml-option-shared-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
Specifies a threshold for the failure to pay credit event. Market standard is USD 1,000,000 (JPY 100,000,000 for Japanese Yen trades) or its equivalent in the relevant obligation currency. This is applied on an aggregate basis across all Obligations of the Reference Entity. Intended to prevent technical/operational errors from triggering credit events. ISDA 2003 Term: Payment Requirement.
Collapse XSD Schema Diagram:
Drilldown into amount in schema fpml-shared-5-10_xsd2 Drilldown into currency in schema fpml-shared-5-10_xsd2 Drilldown into id in schema fpml-shared-5-10_xsd2 Drilldown into MoneyBase in schema fpml-shared-5-10_xsd2 Drilldown into Money in schema fpml-shared-5-10_xsd2XSD Diagram of paymentRequirement in schema fpml-option-shared-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="paymentRequirement" type="Money" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Specifies a threshold for the failure to pay credit event. Market standard is USD 1,000,000 (JPY 100,000,000 for Japanese Yen trades) or its equivalent in the relevant obligation currency. This is applied on an aggregate basis across all Obligations of the Reference Entity. Intended to prevent technical/operational errors from triggering credit events. ISDA 2003 Term: Payment Requirement.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
currency nsC:currency (1) (1)
amount nsC:amount 0 (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsC:id (Optional)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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