Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: weatherLeg
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: nsD:WeatherLeg
Containing Schema: fpml-com-5-10.xsd
MinOccurs 2
MaxOccurs 2
Abstract
Documentation:
A weather leg element of a Commodity Swap defines Weather Index Swap transactions. Weather Index Swap transactions are OTC derivative transactions which settle financially based on an index calculated from observations of temperature, precipitation and other weather-related measurements at weather stations throughout the world. Sub-Annex C of the 2005 ISDA Commodity Definitions provides definitions and terms for a number of types of weather indices. These indices include: HDD (heating degree days), CDD (cooling degree days), CPD (critical precipitation days). Weather Index Swap transactions result in a cash flow to one of the two counterparties each Calculation Period depending on the relationship between the Settlement Level and the Weather Index Level. A Weather Index swap transaction always consists of a commodity swap element as a parent to two weatherLeg elements.
Collapse XSD Schema Diagram:
Drilldown into weatherIndexData in schema fpml-com-5-10_xsd1 Drilldown into paymentDates in schema fpml-com-5-10_xsd1 Drilldown into calculation in schema fpml-com-5-10_xsd1 Drilldown into weatherNotionalAmount in schema fpml-com-5-10_xsd1 Drilldown into weatherCalculationPeriodsReference in schema fpml-com-5-10_xsd1 Drilldown into weatherCalculationPeriods in schema fpml-com-5-10_xsd1 Drilldown into WeatherCalculationPeriod.model in schema fpml-com-5-10_xsd1 Drilldown into weatherIndexLevel in schema fpml-com-5-10_xsd1 Drilldown into receiverAccountReference in schema fpml-shared-5-10_xsd3 Drilldown into receiverPartyReference in schema fpml-shared-5-10_xsd3 Drilldown into Receiver.model in schema fpml-shared-5-10_xsd3 Drilldown into payerAccountReference in schema fpml-shared-5-10_xsd3 Drilldown into payerPartyReference in schema fpml-shared-5-10_xsd3 Drilldown into Payer.model in schema fpml-shared-5-10_xsd3 Drilldown into PayerReceiver.model in schema fpml-shared-5-10_xsd3 Drilldown into id in schema fpml-shared-5-10_xsd3 Drilldown into Leg in schema fpml-shared-5-10_xsd3 Drilldown into CommoditySwapLeg in schema fpml-com-5-10_xsd1 Drilldown into FinancialSwapLeg in schema fpml-com-5-10_xsd1 Drilldown into WeatherLeg in schema fpml-com-5-10_xsd1XSD Diagram of weatherLeg in schema fpml-com-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="weatherLeg" type="WeatherLeg" minOccurs="2" maxOccurs="2">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A weather leg element of a Commodity Swap defines Weather Index Swap transactions. Weather Index Swap transactions are OTC derivative transactions which settle financially based on an index calculated from observations of temperature, precipitation and other weather-related measurements at weather stations throughout the world. Sub-Annex C of the 2005 ISDA Commodity Definitions provides definitions and terms for a number of types of weather indices. These indices include: HDD (heating degree days), CDD (cooling degree days), CPD (critical precipitation days). Weather Index Swap transactions result in a cash flow to one of the two counterparties each Calculation Period depending on the relationship between the Settlement Level and the Weather Index Level. A Weather Index swap transaction always consists of a commodity swap element as a parent to two weatherLeg elements.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
payerPartyReference nsD:payerPartyReference (1) (1)
payerAccountReference nsD:payerAccountReference 0 (1)
receiverPartyReference nsD:receiverPartyReference 0 (1)
receiverAccountReference nsD:receiverAccountReference 0 (1)
weatherIndexLevel nsD:weatherIndexLevel (1) (1)
weatherCalculationPeriods nsD:weatherCalculationPeriods (1) (1)
weatherCalculationPeriodsReference nsD:weatherCalculationPeriodsReference (1) (1)
weatherNotionalAmount nsD:weatherNotionalAmount (1) (1)
calculation nsD:calculation (1) (1)
paymentDates nsD:paymentDates 0 (1)
weatherIndexData nsD:weatherIndexData 0 (1)
<xs:group> nsD:PayerReceiver.model (1) (1)
<xs:group> nsD:Payer.model (1) (1)
<xs:group> nsD:Receiver.model (1) (1)
<xs:group> nsD:WeatherCalculationPeriod.model (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsD:id (Optional)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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