Definition Type: Element
Name: independentAmount
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: nsA:IndependentAmount
Containing Schema: fpml-shared-5-9.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
Independent Amount is an amount that usually less creditworthy counterparties are asked to provide. It can either be a fixed amount or a percentage of the Transaction's value. The Independent Amount can be: (i) transferred before any trading between the parties occurs (as a deposit at a third party's account or with the counterparty) or (ii) callable after trading has occurred (typically because a downgrade has occurred). In situation (i), the Independent Amount is not included in the calculation of Exposure, but in situation (ii), it is included in the calculation of Exposure. Thus, for situation (ii), the Independent Amount may be transferred along with any collateral call. Independent Amount is a defined term in the ISDA Credit Support Annex. ("with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero").
Collapse XSD Schema Diagram:
Drilldown into paymentDetail in schema fpml-shared-5-9_xsd Drilldown into receiverAccountReference in schema fpml-shared-5-9_xsd Drilldown into receiverPartyReference in schema fpml-shared-5-9_xsd Drilldown into Receiver.model in schema fpml-shared-5-9_xsd Drilldown into payerAccountReference in schema fpml-shared-5-9_xsd Drilldown into payerPartyReference in schema fpml-shared-5-9_xsd Drilldown into Payer.model in schema fpml-shared-5-9_xsd Drilldown into PayerReceiver.model in schema fpml-shared-5-9_xsd Drilldown into IndependentAmount in schema fpml-shared-5-9_xsdXSD Diagram of independentAmount in schema fpml-shared-5-9_xsd (Financial products Markup Language (FpML®) - Record Keeping)
Collapse XSD Schema Code:
<xsd:element name="independentAmount" type="IndependentAmount" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Independent Amount is an amount that usually less creditworthy counterparties are asked to provide. It can either be a fixed amount or a percentage of the Transaction's value. The Independent Amount can be: (i) transferred before any trading between the parties occurs (as a deposit at a third party's account or with the counterparty) or (ii) callable after trading has occurred (typically because a downgrade has occurred). In situation (i), the Independent Amount is not included in the calculation of Exposure, but in situation (ii), it is included in the calculation of Exposure. Thus, for situation (ii), the Independent Amount may be transferred along with any collateral call. Independent Amount is a defined term in the ISDA Credit Support Annex. ("with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero").</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
payerPartyReference nsA:payerPartyReference (1) (1)
payerAccountReference nsA:payerAccountReference 0 (1)
receiverPartyReference nsA:receiverPartyReference 0 (1)
receiverAccountReference nsA:receiverAccountReference 0 (1)
paymentDetail nsA:paymentDetail 0 unbounded
<xs:group> nsA:PayerReceiver.model (1) (1)
<xs:group> nsA:Payer.model (1) (1)
<xs:group> nsA:Receiver.model (1) (1)
Collapse Derivation Tree:
Collapse Comments:
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