Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: remainingParty
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:PartyReference
Containing Schema: fpml-doc-4-4.xsd
MinOccurs (1)
MaxOccurs (1)
Abstract
Documentation:
A pointer style reference to a party identifier defined elsewhere in the document. In a three-way novation the party referenced is the Remaining Party in the novation. Remaining Party means a party which consents to a Transferor's transfer by novation and the acceptance thereof by the Transferee of all of the Transferor's rights, liabilities, duties and obligations with respect to such Remaining Party under and with respect of the Novated Amount of a transaction. In a four-way novation the party referenced is Transferor 2 per the ISDA definition and acts in the role of a Transferor. Transferor 2 transfers by novation to Transferee 2 all of its rights, liabilities, duties and obligations with respect to Transferor 1. ISDA 2004 Novation Term: Remaining Party (three-way novation) or Transferor 2 (four-way novation).
Collapse XSD Schema Diagram:
Drilldown into Reference in schema fpml-shared-4-4_xsd Drilldown into href in schema fpml-shared-4-4_xsd Drilldown into PartyReference in schema fpml-shared-4-4_xsdXSD Diagram of remainingParty in schema fpml-doc-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="remainingParty" type="PartyReference">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A pointer style reference to a party identifier defined elsewhere in the document. In a three-way novation the party referenced is the Remaining Party in the novation. Remaining Party means a party which consents to a Transferor's transfer by novation and the acceptance thereof by the Transferee of all of the Transferor's rights, liabilities, duties and obligations with respect to such Remaining Party under and with respect of the Novated Amount of a transaction. In a four-way novation the party referenced is Transferor 2 per the ISDA definition and acts in the role of a Transferor. Transferor 2 transfers by novation to Transferee 2 all of its rights, liabilities, duties and obligations with respect to Transferor 1. ISDA 2004 Novation Term: Remaining Party (three-way novation) or Transferor 2 (four-way novation).</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Attributes:
Name Type Default Value Use
href fpml:href Required
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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