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Slot: fixedSettlement

Used for Recovery Lock, to indicate whether fixed Settlement is Applicable or Not Applicable. If Buyer fails to deliver an effective Notice of Physical Settlement on or before the Buyer NOPS Cut-off Date, and if Seller fails to deliver an effective Seller NOPS on or before the Seller NOPS Cut-off Date, then either: (a) if Fixed Settlement is specified in the related Confirmation as not applicable, then the Seller NOPS Cut-off Date shall be the Termination Date; or (b) if Fixed Settlement is specified in the related Confirmation as applicable, then: (i) if the Fixed Settlement Amount is a positive number, Seller shall, subject to Section 3.1 (except for the requirement of satisfaction of the Notice of Physical Settlement Condition to Settlement), pay the Fixed Settlement Amount to Buyer on the Fixed Settlement Payment Date; and (ii) if the Fixed Settlement Amount is a negative number, Buyer shall, subject to Section 3.1 (except for the requirement of satisfaction of the Notice of Physical Settlement Condition to Settlement), pay the absolute value of the Fixed Settlement Amount to Seller on the Fixed Settlement Payment Date.

URI: common_domain_model:fixedSettlement

Applicable Classes

Name Description Modifies Slot
CashSettlementTerms Defines the terms required to compute and settle a cash settlement amount acc... no

Properties

Type and Range

Property Value
Range Boolean
Domain Of CashSettlementTerms

Cardinality and Requirements

Property Value

Identifier and Mapping Information

Schema Source

Mappings

Mapping Type Mapped Value
self common_domain_model:fixedSettlement
native common_domain_model:fixedSettlement
close fpml_5_10:CashSettlementTerms.fixedSettlement

LinkML Source

name: fixedSettlement
description: 'Used for Recovery Lock, to indicate whether fixed Settlement is Applicable
  or Not Applicable. If Buyer fails to deliver an effective Notice of Physical Settlement
  on or before the Buyer NOPS Cut-off Date, and if Seller fails to deliver an effective
  Seller NOPS on or before the Seller NOPS Cut-off Date, then either: (a) if Fixed
  Settlement is specified in the related Confirmation as not applicable, then the
  Seller NOPS Cut-off Date shall be the Termination Date; or (b) if Fixed Settlement
  is specified in the related Confirmation as applicable, then: (i) if the Fixed Settlement
  Amount is a positive number, Seller shall, subject to Section 3.1 (except for the
  requirement of satisfaction of the Notice of Physical Settlement Condition to Settlement),
  pay the Fixed Settlement Amount to Buyer on the Fixed Settlement Payment Date; and
  (ii) if the Fixed Settlement Amount is a negative number, Buyer shall, subject to
  Section 3.1 (except for the requirement of satisfaction of the Notice of Physical
  Settlement Condition to Settlement), pay the absolute value of the Fixed Settlement
  Amount to Seller on the Fixed Settlement Payment Date.'
from_schema: https://w3id.org/lmodel/common-domain-model
close_mappings:
- fpml_5_10:CashSettlementTerms.fixedSettlement
rank: 1000
domain_of:
- CashSettlementTerms
range: boolean