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Class: Reset

Defines the reset value or fixing value produced in cashflow calculations, during the life-cycle of a financial instrument. The reset process defined in Create_Reset function joins product definition details with observations to compute the reset value.

URI: common_domain_model:Reset

 classDiagram
    class Reset
    click Reset href "../Reset/"
      Reset : averagingMethodology





        Reset --> "0..1" AveragingCalculation : averagingMethodology
        click AveragingCalculation href "../AveragingCalculation/"



      Reset : observations





        Reset --> "1..*" Observation : observations
        click Observation href "../Observation/"



      Reset : rateRecordDate

      Reset : resetDate

      Reset : resetValue





        Reset --> "1" Price : resetValue
        click Price href "../Price/"

Slots

Name Cardinality and Range Description Inheritance
resetValue 1
Price		 Specifies the reset or fixing value direct
resetDate 1
date		 Specifies the date on which the reset occurred direct
rateRecordDate 0..1
date		 Specifies the 'Rate Record Day' for a Fallback rate direct
observations 1..*
Observation		 Represents an audit of the observations used to produce the reset value direct
averagingMethodology 0..1
AveragingCalculation		 Identifies the aggregation method to use in the case where multiple observati... direct

Usages

used by used in type used
CalculateTransferInstruction resets range Reset
TradeState resetHistory range Reset

In Subsets

Comments

  • Rosetta condition: AveragingMethodologyExists — if observations count > 1 then averagingMethodology exists
  • Rosetta func: ResolveInterestRateReset — Defines how to resolve the reset value for an InterestRatePayout.
  • Rosetta func: InterestCashSettlementAmount — Defines the performance calculations relevant for a fixed or floating rate payout.
  • Rosetta func: ResolveReset — Defines the interface for adopters to resolve a reset, given a trade state and a date.
  • Rosetta func: ResolvePerformanceReset — Defines how to resolve the reset value for a performance payout.
  • Rosetta func: ResolveSecurityFinanceBillingAmount — Calculates the billing amount for a Security Finance transaction.

Identifier and Mapping Information

Annotations

property value
metadata_key True
rosetta_functions [{"name":"ResolveInterestRateReset","description":"Defines how to resolve the reset value for an InterestRatePayout.","inputs":[{"name":"payouts","type":"InterestRatePayout","cardinality":"1.."},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"resetDate","type":"date","cardinality":"1..1"},{"name":"rateRecordDate","type":"date","cardinality":"0..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"InterestCashSettlementAmount","description":"Defines the performance calculations relevant for a fixed or floating rate payout.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"payout","type":"Payout","cardinality":"1..1"},{"name":"resets","type":"Reset","cardinality":"1.."},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"interestCashSettlementAmount","type":"Transfer","cardinality":"1..1"}},{"name":"ResolveReset","description":"Defines the interface for adopters to resolve a reset, given a trade state and a date.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"},"code_implementation":true},{"name":"ResolvePerformanceReset","description":"Defines how to resolve the reset value for a performance payout.","inputs":[{"name":"performancePayout","type":"PerformancePayout","cardinality":"1..1"},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"ResolveSecurityFinanceBillingAmount","description":"Calculates the billing amount for a Security Finance transaction.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"reset","type":"Reset","cardinality":"1..1"},{"name":"recordStartDate","type":"date","cardinality":"1..1"},{"name":"recordEndDate","type":"date","cardinality":"1..1"},{"name":"transferDate","type":"date","cardinality":"1..1"}],"output":{"name":"transfer","type":"Transfer","cardinality":"1..1"}}]

Schema Source

Mappings

Mapping Type Mapped Value
self common_domain_model:Reset
native common_domain_model:Reset

LinkML Source

Direct

name: Reset
annotations:
  metadata_key:
    tag: metadata_key
    value: true
  rosetta_functions:
    tag: rosetta_functions
    value: '[{"name":"ResolveInterestRateReset","description":"Defines how to resolve
      the reset value for an InterestRatePayout.","inputs":[{"name":"payouts","type":"InterestRatePayout","cardinality":"1..*"},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"resetDate","type":"date","cardinality":"1..1"},{"name":"rateRecordDate","type":"date","cardinality":"0..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"InterestCashSettlementAmount","description":"Defines
      the performance calculations relevant for a fixed or floating rate payout.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"payout","type":"Payout","cardinality":"1..1"},{"name":"resets","type":"Reset","cardinality":"1..*"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"interestCashSettlementAmount","type":"Transfer","cardinality":"1..1"}},{"name":"ResolveReset","description":"Defines
      the interface for adopters to resolve a reset, given a trade state and a date.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"},"code_implementation":true},{"name":"ResolvePerformanceReset","description":"Defines
      how to resolve the reset value for a performance payout.","inputs":[{"name":"performancePayout","type":"PerformancePayout","cardinality":"1..1"},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"ResolveSecurityFinanceBillingAmount","description":"Calculates
      the billing amount for a Security Finance transaction.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"reset","type":"Reset","cardinality":"1..1"},{"name":"recordStartDate","type":"date","cardinality":"1..1"},{"name":"recordEndDate","type":"date","cardinality":"1..1"},{"name":"transferDate","type":"date","cardinality":"1..1"}],"output":{"name":"transfer","type":"Transfer","cardinality":"1..1"}}]'
description: Defines the reset value or fixing value produced in cashflow calculations,
  during the life-cycle of a financial instrument. The reset process defined in Create_Reset
  function joins product definition details with observations to compute the reset
  value.
comments:
- 'Rosetta condition: AveragingMethodologyExists — if observations count > 1 then
  averagingMethodology exists'
- 'Rosetta func: ResolveInterestRateReset — Defines how to resolve the reset value
  for an InterestRatePayout.'
- 'Rosetta func: InterestCashSettlementAmount — Defines the performance calculations
  relevant for a fixed or floating rate payout.'
- 'Rosetta func: ResolveReset — Defines the interface for adopters to resolve a reset,
  given a trade state and a date.'
- 'Rosetta func: ResolvePerformanceReset — Defines how to resolve the reset value
  for a performance payout.'
- 'Rosetta func: ResolveSecurityFinanceBillingAmount — Calculates the billing amount
  for a Security Finance transaction.'
in_subset:
- cdm_event_common
from_schema: https://w3id.org/lmodel/common-domain-model
slots:
- resetValue
- resetDate
- rateRecordDate
- observations
- averagingMethodology
slot_usage:
  resetDate:
    name: resetDate
    description: Specifies the date on which the reset occurred.

Induced

name: Reset
annotations:
  metadata_key:
    tag: metadata_key
    value: true
  rosetta_functions:
    tag: rosetta_functions
    value: '[{"name":"ResolveInterestRateReset","description":"Defines how to resolve
      the reset value for an InterestRatePayout.","inputs":[{"name":"payouts","type":"InterestRatePayout","cardinality":"1..*"},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"resetDate","type":"date","cardinality":"1..1"},{"name":"rateRecordDate","type":"date","cardinality":"0..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"InterestCashSettlementAmount","description":"Defines
      the performance calculations relevant for a fixed or floating rate payout.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"payout","type":"Payout","cardinality":"1..1"},{"name":"resets","type":"Reset","cardinality":"1..*"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"interestCashSettlementAmount","type":"Transfer","cardinality":"1..1"}},{"name":"ResolveReset","description":"Defines
      the interface for adopters to resolve a reset, given a trade state and a date.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"},"code_implementation":true},{"name":"ResolvePerformanceReset","description":"Defines
      how to resolve the reset value for a performance payout.","inputs":[{"name":"performancePayout","type":"PerformancePayout","cardinality":"1..1"},{"name":"observation","type":"Observation","cardinality":"1..1"},{"name":"date","type":"date","cardinality":"1..1"}],"output":{"name":"reset","type":"Reset","cardinality":"1..1"}},{"name":"ResolveSecurityFinanceBillingAmount","description":"Calculates
      the billing amount for a Security Finance transaction.","inputs":[{"name":"tradeState","type":"TradeState","cardinality":"1..1"},{"name":"reset","type":"Reset","cardinality":"1..1"},{"name":"recordStartDate","type":"date","cardinality":"1..1"},{"name":"recordEndDate","type":"date","cardinality":"1..1"},{"name":"transferDate","type":"date","cardinality":"1..1"}],"output":{"name":"transfer","type":"Transfer","cardinality":"1..1"}}]'
description: Defines the reset value or fixing value produced in cashflow calculations,
  during the life-cycle of a financial instrument. The reset process defined in Create_Reset
  function joins product definition details with observations to compute the reset
  value.
comments:
- 'Rosetta condition: AveragingMethodologyExists — if observations count > 1 then
  averagingMethodology exists'
- 'Rosetta func: ResolveInterestRateReset — Defines how to resolve the reset value
  for an InterestRatePayout.'
- 'Rosetta func: InterestCashSettlementAmount — Defines the performance calculations
  relevant for a fixed or floating rate payout.'
- 'Rosetta func: ResolveReset — Defines the interface for adopters to resolve a reset,
  given a trade state and a date.'
- 'Rosetta func: ResolvePerformanceReset — Defines how to resolve the reset value
  for a performance payout.'
- 'Rosetta func: ResolveSecurityFinanceBillingAmount — Calculates the billing amount
  for a Security Finance transaction.'
in_subset:
- cdm_event_common
from_schema: https://w3id.org/lmodel/common-domain-model
slot_usage:
  resetDate:
    name: resetDate
    description: Specifies the date on which the reset occurred.
attributes:
  resetValue:
    name: resetValue
    description: Specifies the reset or fixing value. The fixing value could be a
      cash price, interest rate, or other value.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: Reset
    domain_of:
    - Reset
    range: Price
    required: true
  resetDate:
    name: resetDate
    description: Specifies the date on which the reset occurred.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: Reset
    domain_of:
    - ResetInstruction
    - Reset
    - RateObservation
    - FxLinkedNotionalAmount
    - FloatingRateSettingDetails
    range: date
    required: true
  rateRecordDate:
    name: rateRecordDate
    description: Specifies the 'Rate Record Day' for a Fallback rate.  Fallback rate
      fixing processes typically set the fixing rate in arrears, i.e., the Fallback
      Rate corresponding to a Rate Record Date is set at the end of the interest accural
      period.  When this applies, Reset->resetDate occurs at the end of the interest
      period, and the Reset->rateRecordDate occurs near the start of the interest
      period.  The Reset->rateRecordDate and Reset->observations->observationIdentifier->observationDate
      will differ if a Fallback rate is unavailable on the Rate Record Date, and the
      latest previous available rate is used as the observation.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: Reset
    domain_of:
    - ResetInstruction
    - Reset
    range: date
  observations:
    name: observations
    annotations:
      metadata_reference:
        tag: metadata_reference
        value: true
    description: Represents an audit of the observations used to produce the reset
      value. If multiple observations were necessary to produce the reset value, the
      aggregation method should be defined on the payout.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: Reset
    domain_of:
    - Reset
    - CalculatedRateDetails
    range: Observation
    required: true
    multivalued: true
    inlined: true
    inlined_as_list: true
  averagingMethodology:
    name: averagingMethodology
    description: Identifies the aggregation method to use in the case where multiple
      observations are used to compute the reset value and the method is not defined
      in a payout.
    from_schema: https://w3id.org/lmodel/common-domain-model
    rank: 1000
    owner: Reset
    domain_of:
    - Reset
    range: AveragingCalculation