interchange-schema-registry/Registry/FpML/5.0.0/confirmation/validation/invalid-testcases/invalid-eqd-19-01.xml

A Global Schema Registry for Data Interchange formats

<?xml version="1.0" encoding="utf-8" ?>
<!--View is confirmation-->
<!--Version is 5-10-->
<!--NS is http://www.fpml.org/FpML-5/confirmation-->
<!--
        == Copyright (c) 2014-2018 All rights reserved.
        == Financial Products Markup Language is subject to the FpML public license.
        == A copy of this license is available at http://www.fpml.org/license/license.html
-->
<!--5.0:Message type is a Root of the message-->
<dataDocument
    xmlns="http://www.fpml.org/FpML-5/confirmation"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    fpmlVersion="5-10"
    xsi:schemaLocation="http://www.fpml.org/FpML-5/confirmation ../../fpml-main-5-10.xsd http://www.w3.org/2000/09/xmldsig# ../../xmldsig-core-schema.xsd"
>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="party1" />
        <tradeId tradeIdScheme="http://www.partyA.com/eqd-trade-id">1234</tradeId>
      </partyTradeIdentifier>
      <tradeDate>2002-07-01</tradeDate>
    </tradeHeader>
    <equityOption>
      <productType>europeanCallIndex</productType>
      <buyerPartyReference href="party2" />
      <sellerPartyReference href="party1" />
      <optionType>Call</optionType>
      <equityEffectiveDate>2002-07-26</equityEffectiveDate>
      <underlyer>
        <singleUnderlyer>
          <index>
            <instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">.STOX50E</instrumentId>
            <description>STOXX 50 Euro</description>
            <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">XEUR</exchangeId>
          </index>
        </singleUnderlyer>
      </underlyer>
      <notional>
        <currency>EUR</currency>
<!--CHANGE, Modified to violate eqd-19, equityPremium/paymentAmount/amount = notional * equityPremium/percentageOfNotional  -->
        <amount>8000000</amount>
      </notional>
      <equityExercise>
        <equityEuropeanExercise>
          <expirationDate id="expirationDate">
            <adjustableDate>
              <unadjustedDate>2005-10-11</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>NONE</businessDayConvention>
              </dateAdjustments>
            </adjustableDate>
          </expirationDate>
          <equityExpirationTimeType>Close</equityExpirationTimeType>
        </equityEuropeanExercise>
        <automaticExercise>true</automaticExercise>
        <equityValuation>
          <valuationTimeType>Close</valuationTimeType>
          <futuresPriceValuation>false</futuresPriceValuation>
        </equityValuation>
        <settlementDate>
          <relativeDate>
<!--  C24 (http://www.c24.biz) Simon Heinrich: periodMultiplier changed from 3 to 0 -->
            <periodMultiplier>0</periodMultiplier>
            <period>D</period>
            <businessDayConvention>FOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>EUTA</businessCenter>
            </businessCenters>
            <dateRelativeTo href="expirationDate" />
          </relativeDate>
        </settlementDate>
        <settlementCurrency>EUR</settlementCurrency>
        <settlementPriceSource>OfficialClose</settlementPriceSource>
        <settlementType>Cash</settlementType>
      </equityExercise>
      <feature>
        <barrier>
          <barrierCap>
            <schedule>
              <startDate>2002-03-29</startDate>
              <endDate>2002-07-12</endDate>
              <averagingPeriodFrequency>
                <periodMultiplier>1</periodMultiplier>
                <period>D</period>
                <rollConvention>NONE</rollConvention>
              </averagingPeriodFrequency>
            </schedule>
            <trigger>
              <level>1606.346</level>
            </trigger>
            <featurePayment>
              <payerPartyReference href="party1" />
              <receiverPartyReference href="party2" />
              <amount>15000000</amount>
              <time>Close</time>
              <currency>EUR</currency>
            </featurePayment>
          </barrierCap>
        </barrier>
        <knock>
          <knockOut>
            <schedule>
              <startDate>2002-07-26</startDate>
              <endDate>2005-10-11</endDate>
              <averagingPeriodFrequency>
                <periodMultiplier>1</periodMultiplier>
                <period>D</period>
                <rollConvention>NONE</rollConvention>
              </averagingPeriodFrequency>
            </schedule>
            <trigger>
              <levelPercentage>1.5</levelPercentage>
            </trigger>
            <featurePayment>
              <payerPartyReference href="party1" />
              <receiverPartyReference href="party2" />
              <amount>880000</amount>
              <time>SpecificTime</time>
              <currency>EUR</currency>
              <featurePaymentDate>
                <relativeDate>
<!--  C24 (http://www.c24.biz) Simon Heinrich: periodMultiplier changed from 3 to 0 -->
                  <periodMultiplier>0</periodMultiplier>
                  <period>D</period>
                  <businessDayConvention>FOLLOWING</businessDayConvention>
                  <businessCenters>
                    <businessCenter>EUTA</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="expirationDate" />
                </relativeDate>
              </featurePaymentDate>
            </featurePayment>
          </knockOut>
        </knock>
      </feature>
      <methodOfAdjustment>CalculationAgent</methodOfAdjustment>
      <extraordinaryEvents>
        <indexAdjustmentEvents>
          <indexModification>CalculationAgentAdjustment</indexModification>
          <indexCancellation>CancellationAndPayment</indexCancellation>
          <indexDisruption>CalculationAgentAdjustment</indexDisruption>
        </indexAdjustmentEvents>
        <additionalDisruptionEvents>
          <changeInLaw>true</changeInLaw>
          <failureToDeliver>true</failureToDeliver>
          <insolvencyFiling>false</insolvencyFiling>
          <hedgingDisruption>true</hedgingDisruption>
          <lossOfStockBorrow>true</lossOfStockBorrow>
          <increasedCostOfStockBorrow>false</increasedCostOfStockBorrow>
          <increasedCostOfHedging>false</increasedCostOfHedging>
          <determiningPartyReference href="party1" />
        </additionalDisruptionEvents>
        <representations>
          <nonReliance>true</nonReliance>
          <agreementsRegardingHedging>true</agreementsRegardingHedging>
          <indexDisclaimer>true</indexDisclaimer>
          <additionalAcknowledgements>true</additionalAcknowledgements>
        </representations>
      </extraordinaryEvents>
      <strike>
        <strikePercentage>1</strikePercentage>
      </strike>
      <optionEntitlement>1</optionEntitlement>
      <equityPremium>
        <payerPartyReference href="party2" />
        <receiverPartyReference href="party1" />
        <paymentAmount>
          <currency>EUR</currency>
          <amount>405000</amount>
        </paymentAmount>
        <paymentDate>
          <unadjustedDate>2002-07-30</unadjustedDate>
          <dateAdjustments>
            <businessDayConvention>NONE</businessDayConvention>
          </dateAdjustments>
        </paymentDate>
        <percentageOfNotional>5</percentageOfNotional>
      </equityPremium>
    </equityOption>
    <calculationAgent>
      <calculationAgentPartyReference href="party1" />
    </calculationAgent>
    <documentation>
      <masterAgreement>
        <masterAgreementType>ISDA</masterAgreementType>
        <masterAgreementVersion>2002</masterAgreementVersion>
      </masterAgreement>
      <contractualDefinitions>ISDA2000</contractualDefinitions>
      <contractualDefinitions>ISDA2002Equity</contractualDefinitions>
    </documentation>
    <governingLaw>GBEN</governingLaw>
  </trade>
  <party id="party1">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">Party A</partyId>
  </party>
  <party id="party2">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">Party B</partyId>
  </party>
</dataDocument>