GeneralTerms

A type to specify all the data that appears in the section entitled "1. General Terms" in the 2003 ISDA Credit Derivatives Confirmation.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
effectiveDate	AdjustableDate2	The first day of the term of the trade. This day may be subject to adjustment in accordance with a business day convention. ISDA 2003 Term: Effective Date.	Effective date.	Effective date / Start date.	1-1, mre
scheduledTerminationDate	AdjustableDate2	The scheduled date on which the credit protection will lapse. This day may be subject to adjustment in accordance with a business day convention. ISDA 2003 Term: Scheduled Termination Date.	Scheduled termination date.	Termination date.	1-1, mre
buyerPartyReference	PartyReference	A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.	Buyer party.	Party code.	0-1, mre, mfr
buyerAccountReference	AccountReference	A reference to the account that buys this instrument.	Buyer's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
sellerPartyReference	PartyReference	A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.	Seller party.	Party code.	0-1, mre, mfr
sellerAccountReference	AccountReference	A reference to the account that sells this instrument.	Seller's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
dateAdjustments	BusinessDayAdjustments	ISDA 2003 Terms: Business Day and Business Day Convention.	Date adjustments.		0-1, ncf
Choice begin
Branch1
referenceInformation	ReferenceInformation	This element contains all the terms relevant to defining the reference entity and reference obligation(s).	Reference information.		1-1, mre
Branch2
indexReferenceInformation	IndexReferenceInformation	This element contains all the terms relevant to defining the Credit Default Swap Index.	Index reference information.		1-1, mre
Branch3
basketReferenceInformation	BasketReferenceInformation	This element contains all the terms relevant to defining the Credit Default Swap Basket.	Basket reference information.		1-1, mre
Choice end
additionalTerm	AdditionalTerm	This element is used for representing information contained in the Additional Terms field of the 2003 Master Credit Derivatives confirmation.	Additional terms.		0-∞, ncf
substitution	xsd:boolean	Value of this element set to 'true' indicates that substitution is applicable.	Substitution.		0-1, ncf
modifiedEquityDelivery	xsd:boolean	Value of this element set to 'true' indicates that modified equity delivery is applicable.	Modified equity delivery.		0-1, ncf

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GeneralTerms

effectiveDate(AdjustableDate2)

	The first day of the term of the trade. This day may be subject to adjustment in accordance with a business day convention. ISDA 2003 Term: Effective Date.
	Effective date / Start date.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.

scheduledTerminationDate(AdjustableDate2)

	The scheduled date on which the credit protection will lapse. This day may be subject to adjustment in accordance with a business day convention. ISDA 2003 Term: Scheduled Termination Date.
	Termination date.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.

buyerPartyReference(PartyReference)

	A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.
	Party code.

sellerPartyReference(PartyReference)

	A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.
	Party code.

A choice of the reference obligation type.

referenceInformation(ReferenceInformation)

	This element contains all the terms relevant to defining the reference entity and reference obligation(s).

referenceEntity(LegalEntity)

	The corporate or sovereign entity on which you are buying or selling protection and any successor that assumes all or substantially all of its contractual and other obligations. It is vital to use the correct legal name of the entity and to be careful not to choose a subsidiary if you really want to trade protection on a parent company. Please note, Reference Entities cannot be senior or subordinated. It is the obligations of the Reference Entities that can be senior or subordinated. ISDA 2003 Term: Reference Entity.
	Code of the Reference Entity.

A choice of the legal entity identification.

Sequence

entityName(EntityName)

	The name of the reference entity. A free format string. FpML does not define usage rules for this element.

entityId(EntityId)

	A legal entity identifier (e.g. RED (Reference Entity Database for Credit Derivative Swaps) entity code).
	Code of the Reference Entity.

A choice of the reference obligation definition.

referenceObligation(ReferenceObligation)

	The Reference Obligation is a financial instrument that is either issued or guaranteed by the reference entity. It serves to clarify the precise reference entity protection is being offered upon, and its legal position with regard to other related firms (parents/subsidiaries). Furthermore the Reference Obligation is ALWAYS deliverable and establishes the Pari Passu ranking (as the deliverable bonds must rank equal to the reference obligation). ISDA 2003 Term: Reference Obligation.
	Code of the Reference Obligations.

A choice of the reference obligation definition.

bond(Bond)

	Identifies the underlying asset when it is a series or a class of bonds.

instrumentId(InstrumentId)

	Identification of the underlying asset, using public and/or private identifiers.
	Underlying asset code.

description(string)

Long name of the underlying asset.

noReferenceObligation(boolean)

	Used to indicate that there is no Reference Obligation associated with this Credit Default Swap and that there will never be one.

indexReferenceInformation(IndexReferenceInformation)

	This element contains all the terms relevant to defining the Credit Default Swap Index.

A choice of the index specification.

Sequence

indexName(IndexName)

	The name of the index expressed as a free format string. FpML does not define usage rules for this element.

indexId(IndexId)

	A CDS index identifier (e.g. RED pair code).

Sequence

indexId(IndexId)

	A CDS index identifier (e.g. RED pair code).

basketReferenceInformation(BasketReferenceInformation)

	This element contains all the terms relevant to defining the Credit Default Swap Basket.

referencePool(ReferencePool)

This element contains all the reference pool items to define the reference entity and reference obligation(s) in the basket.

referencePoolItem(ReferencePoolItem)

	This element defines weight and reference information for a reference pool constituent.

constituentWeight(ConstituentWeight)

	Describes the weight of each of the constituents within the basket. If not provided, it is assumed to be equal weighted.
	Asset weight in the basket.

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.

referencePair(ReferencePair)

Specifies reference entity and reference obligation.

referenceEntity(LegalEntity)

The corporate or sovereign entity on which you are buying or selling protection and any successor that assumes all or substantially all of its contractual and other obligations. It is vital to use the correct legal name of the entity and to be careful not to choose a subsidiary if you really want to trade protection on a parent company. Please note, Reference Entities cannot be senior or subordinated. It is the obligations of the Reference Entities that can be senior or subordinated. ISDA 2003 Term: Reference Entity

Code of the Reference Entity.

A choice of the legal entity identification.

Sequence

entityName(EntityName)

	The name of the reference entity. A free format string. FpML does not define usage rules for this element.

entityId(EntityId)

	A legal entity identifier (e.g. RED (Reference Entity Database for Credit Derivative Swaps) entity code).
	Code of the Reference Entity.

A choice of the reference obligation definition.

referenceObligation(ReferenceObligation)

	The Reference Obligation is a financial instrument that is either issued or guaranteed by the reference entity. It serves to clarify the precise reference entity protection is being offered upon, and its legal position with regard to other related firms (parents/subsidiaries). Furthermore the Reference Obligation is ALWAYS deliverable and establishes the Pari Passu ranking (as the deliverable bonds must rank equal to the reference obligation). ISDA 2003 Term: Reference Obligation
	Code of the Reference Obligations.

A choice of the reference obligation definition.

bond(Bond)

	Identifies the underlying asset when it is a series or a class of bonds.

instrumentId(InstrumentId)

	Identification of the underlying asset, using public and/or private identifiers.
	Underlying asset code.

description(string)

Long name of the underlying asset.

noReferenceObligation(boolean)

	Used to indicate that there is no Reference Obligation associated with this Credit Default Swap and that there will never be one.

A choice of the obligation basket definition.

Sequence

nthToDefault(positiveInteger)

	N th reference obligation to default triggers payout.

mthToDefault(positiveInteger)

	M th reference obligation to default to allow representation of N th to M th defaults.