Basket

A type describing the underlyer features of a basket swap. Each of the basket constituents are described through an embedded component, the basketConstituentsType.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
@id	xsd:ID				1-1
openUnits	xsd:decimal	The number of units (index or securities) that constitute the underlyer of the swap. In the case of a basket swap, this element is used to reference both the number of basket units, and the number of each asset components of the basket when these are expressed in absolute terms.	Number of underlyer units.		0-1, mre, mfr
basketConstituent	BasketConstituent	Describes each of the components of the basket.	Component of the basket.		1-∞, mre
basketDivisor	xsd:decimal	Specifies the basket divisor amount. This value is normally used to adjust the constituent weight for pricing or to adjust for dividends, or other corporate actions.	Basket divisor.		0-1, ncf
Choice begin
Branch1
basketName	BasketName	The name of the basket expressed as a free format string. FpML does not define usage rules for this element.	Basket name.		0-1, mre, mfr
basketId	BasketId	A CDS basket identifier.	Basket identifier.		0-∞, mfr
Choice end
basketCurrency	Currency	Specifies the currency for this basket.	Currency of the basket.		0-1, ncf

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Basket

openUnits(decimal)

	The number of units (index or securities) that constitute the underlyer of the swap. In the case of a basket swap, this element is used to reference both the number of basket units, and the number of each asset components of the basket when these are expressed in absolute terms.

basketConstituent(BasketConstituent)

	Describes each of the components of the basket.

underlyingAsset(Asset)

Is substituted by one of the elements: basket bond commodity equity index

	Define the underlying asset, either a listed security or other instrument.

constituentWeight(ConstituentWeight)

	Specifies the weight of each of the underlyer constituent within the basket, either in absolute or relative terms. This is an optional component, as certain swaps do not specify a specific weight for each of their basket constituents.

A choice of the constituent weight type.

openUnits(decimal)

	The number of units (index or securities) that constitute the underlyer of the swap. In the case of a basket swap, this element is used to reference both the number of basket units, and the number of each asset components of the basket when these are expressed in absolute terms.
	Asset quantity in the basket.

basketPercentage(RestrictedPercentage)

	The relative weight of each respective basket constituent, expressed in percentage. A basket percentage of 5% would be represented as 0.05.
	Asset weight in the basket (per cent).
	[0;1]

basketAmount(Money)

	DEPRECATED. The relative weight of each respective basket constituent, expressed as a monetary amount.

currency(Currency)

	The currency in which an amount is denominated.
	Code of currency of denomination.

amount(decimal)

	The monetary quantity in currency units. For the purposes of reporting to the repository, an amount is specified with 7 decimal places. For example, 350.1234567. The value of 350.45 would be represented as 350.4500000.