Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: paymentRequirement
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:Money
Containing Schema: fpml-option-shared-4-4.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-4-4_xsd Drilldown into currency in schema fpml-shared-4-4_xsd Drilldown into id in schema fpml-shared-4-4_xsd Drilldown into Money in schema fpml-shared-4-4_xsdXSD Diagram of paymentRequirement in schema fpml-option-shared-4-4_xsd (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 fpml:currency (1) (1)
amount fpml:amount (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id fpml:id (Optional)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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