Class: CancelableProvision

A data defining: the right of a party to cancel a swap transaction on the specified exercise dates. The provision is for ‘walk-away’ cancellation (i.e. the fair value of the swap is not paid). A fee payable on exercise can be specified. As a difference from the FpML construct, the canonical model extends the BuyerSeller class.

URI: common_domain_model:CancelableProvision

 classDiagram
    class CancelableProvision
    click CancelableProvision href "../CancelableProvision/"
      BuyerSeller <|-- CancelableProvision
        click BuyerSeller href "../BuyerSeller/"
      
      CancelableProvision : buyer
        
          
    
        
        
        CancelableProvision --> "1" CounterpartyRoleEnum : buyer
        click CounterpartyRoleEnum href "../CounterpartyRoleEnum/"
    

        
      CancelableProvision : callingParty
        
          
    
        
        
        CancelableProvision --> "0..1" CallingPartyEnum : callingParty
        click CallingPartyEnum href "../CallingPartyEnum/"
    

        
      CancelableProvision : cancelableProvisionAdjustedDates
        
          
    
        
        
        CancelableProvision --> "0..1" CancelableProvisionAdjustedDates : cancelableProvisionAdjustedDates
        click CancelableProvisionAdjustedDates href "../CancelableProvisionAdjustedDates/"
    

        
      CancelableProvision : earliestCancellationTime
        
          
    
        
        
        CancelableProvision --> "0..1" BusinessCenterTime : earliestCancellationTime
        click BusinessCenterTime href "../BusinessCenterTime/"
    

        
      CancelableProvision : earliestDate
        
          
    
        
        
        CancelableProvision --> "0..1" AdjustableOrRelativeDate : earliestDate
        click AdjustableOrRelativeDate href "../AdjustableOrRelativeDate/"
    

        
      CancelableProvision : effectiveDate
        
          
    
        
        
        CancelableProvision --> "0..1" AdjustableOrRelativeDates : effectiveDate
        click AdjustableOrRelativeDates href "../AdjustableOrRelativeDates/"
    

        
      CancelableProvision : effectivePeriod
        
          
    
        
        
        CancelableProvision --> "0..1" Period : effectivePeriod
        click Period href "../Period/"
    

        
      CancelableProvision : exerciseNotice
        
          
    
        
        
        CancelableProvision --> "0..1" ExerciseNotice : exerciseNotice
        click ExerciseNotice href "../ExerciseNotice/"
    

        
      CancelableProvision : exerciseTerms
        
          
    
        
        
        CancelableProvision --> "1" ExerciseTerms : exerciseTerms
        click ExerciseTerms href "../ExerciseTerms/"
    

        
      CancelableProvision : expirationDate
        
          
    
        
        
        CancelableProvision --> "0..1" AdjustableOrRelativeDate : expirationDate
        click AdjustableOrRelativeDate href "../AdjustableOrRelativeDate/"
    

        
      CancelableProvision : finalCalculationPeriodDateAdjustment
        
          
    
        
        
        CancelableProvision --> "*" FinalCalculationPeriodDateAdjustment : finalCalculationPeriodDateAdjustment
        click FinalCalculationPeriodDateAdjustment href "../FinalCalculationPeriodDateAdjustment/"
    

        
      CancelableProvision : followUpConfirmation
        
      CancelableProvision : initialFee
        
          
    
        
        
        CancelableProvision --> "0..1" Transfer : initialFee
        click Transfer href "../Transfer/"
    

        
      CancelableProvision : latestCancelationTime
        
          
    
        
        
        CancelableProvision --> "0..1" BusinessCenterTime : latestCancelationTime
        click BusinessCenterTime href "../BusinessCenterTime/"
    

        
      CancelableProvision : seller
        
          
    
        
        
        CancelableProvision --> "1" CounterpartyRoleEnum : seller
        click CounterpartyRoleEnum href "../CounterpartyRoleEnum/"
    

        
      

Inheritance

• BuyerSeller
  • CancelableProvision

Slots

Name	Cardinality and Range	Description	Inheritance
exerciseNotice	0..1 ExerciseNotice	Definition of the party to whom notice of exercise should be given	direct
followUpConfirmation	1 Boolean	A flag to indicate whether follow-up confirmation of exercise (written or ele…	direct
cancelableProvisionAdjustedDates	0..1 CancelableProvisionAdjustedDates	The adjusted dates associated with a cancelable provision	direct
finalCalculationPeriodDateAdjustment	* FinalCalculationPeriodDateAdjustment	Business date convention adjustment to final payment period per leg (swapStre…	direct
initialFee	0..1 Transfer	An initial fee for the cancelable option	direct
callingParty	0..1 CallingPartyEnum	The party with right to exercise a cancellation	direct
earliestDate	0..1 AdjustableOrRelativeDate	The first day when cancelation is permitted to take effect	direct
expirationDate	0..1 AdjustableOrRelativeDate	The last day within the term of the contract that cancelation is allowed	direct
effectiveDate	0..1 AdjustableOrRelativeDates	The effective date if cancelation is invoked otherwise the cancellation perio…	direct
effectivePeriod	0..1 Period	Effective period for cancelation when notice is given	direct
earliestCancellationTime	0..1 BusinessCenterTime	The earliest time in a business day that notice of cancelation can be given	direct
latestCancelationTime	0..1 BusinessCenterTime	The latest time at which notice of cancelation can be given	direct
exerciseTerms	1 ExerciseTerms	The exercise terms associated with the cancelable provision, including detail…	direct
buyer	1 CounterpartyRoleEnum	Buyer party that can be resolved as one of the two principal parties to the t…	BuyerSeller
seller	1 CounterpartyRoleEnum	Seller party that can be resolved as one of the two principal parties to the …	BuyerSeller

Expressions & Logic

All Of

The class must satisfy all of:

• AnonymousClassExpression({ ‘description’: (’EffectiveDate: Must select one of predefined cancellation types of ’ ‘effectiveDate or effectivePeriod.’), ‘exactly_one_of’: [AnonymousClassExpression({ ‘slot_conditions’: {‘effectiveDate’: SlotDefinition({‘name’: ‘effectiveDate’, ‘value_presence’: PresenceEnum(text=‘PRESENT’)})} }), AnonymousClassExpression({ ‘slot_conditions’: {‘effectivePeriod’: SlotDefinition({‘name’: ‘effectivePeriod’, ‘value_presence’: PresenceEnum(text=‘PRESENT’)})} }), AnonymousClassExpression({ ‘all_of’: [AnonymousClassExpression({ ‘slot_conditions’: {‘effectiveDate’: SlotDefinition({‘name’: ‘effectiveDate’, ‘value_presence’: PresenceEnum(text=‘ABSENT’)})} }), AnonymousClassExpression({ ‘slot_conditions’: {‘effectivePeriod’: SlotDefinition({‘name’: ‘effectivePeriod’, ‘value_presence’: PresenceEnum(text=‘ABSENT’)})} })] })] })

Usages

used by	used in	type	used
TerminationProvision	cancelableProvision	range	CancelableProvision

Comments

• Rosetta condition CancelableProvisionExerciseNoticeReceiverParty is not stated in LinkML: if exerciseNotice -> exerciseNoticeReceiver exists then exerciseNotice -> exerciseNoticeReceiver = AncillaryRoleEnum -> ExerciseNoticeReceiverPartyCancelableProvision

Identifier and Mapping Information

Schema Source

• from schema: https://w3id.org/lmodel/common-domain-model

Mappings

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

LinkML Source

Direct

name: CancelableProvision
description: 'A data defining: the right of a party to cancel a swap transaction on
  the specified exercise dates. The provision is for ''walk-away'' cancellation (i.e.
  the fair value of the swap is not paid). A fee payable on exercise can be specified.
  As a difference from the FpML construct, the canonical model extends the BuyerSeller
  class.'
comments:
- 'Rosetta condition CancelableProvisionExerciseNoticeReceiverParty is not stated
  in LinkML: if exerciseNotice -> exerciseNoticeReceiver exists then exerciseNotice
  -> exerciseNoticeReceiver = AncillaryRoleEnum -> ExerciseNoticeReceiverPartyCancelableProvision'
from_schema: https://w3id.org/lmodel/common-domain-model
is_a: BuyerSeller
attributes:
  exerciseNotice:
    name: exerciseNotice
    description: Definition of the party to whom notice of exercise should be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    - ManualExercise
    - OptionalEarlyTermination
    range: ExerciseNotice
  followUpConfirmation:
    name: followUpConfirmation
    description: A flag to indicate whether follow-up confirmation of exercise (written
      or electronic) is required following telephonic notice by the buyer to the seller
      or seller's agent.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    - ExerciseProcedure
    - ExtendibleProvision
    - OptionalEarlyTermination
    range: boolean
    required: true
  cancelableProvisionAdjustedDates:
    name: cancelableProvisionAdjustedDates
    description: The adjusted dates associated with a cancelable provision. These
      dates have been adjusted for any applicable business day convention.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: CancelableProvisionAdjustedDates
  finalCalculationPeriodDateAdjustment:
    name: finalCalculationPeriodDateAdjustment
    description: Business date convention adjustment to final payment period per leg
      (swapStream) upon exercise event. The adjustments can be made in-line with leg
      level BDC's or they can be specified separately.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: FinalCalculationPeriodDateAdjustment
    multivalued: true
  initialFee:
    name: initialFee
    description: An initial fee for the cancelable option.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: Transfer
  callingParty:
    name: callingParty
    description: The party with right to exercise a cancellation. Allows for buyer,
      seller or either.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    range: CallingPartyEnum
  earliestDate:
    name: earliestDate
    description: The first day when cancelation is permitted to take effect. A party
      may give notice prior to this date and taken together with the effective period
      would be necessary to cancel on this date.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: AdjustableOrRelativeDate
  expirationDate:
    name: expirationDate
    description: The last day within the term of the contract that cancelation is
      allowed.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    - ExerciseTerms
    range: AdjustableOrRelativeDate
  effectiveDate:
    name: effectiveDate
    description: The effective date if cancelation is invoked otherwise the cancellation
      period defines the cancellation date.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    domain_of:
    - CodeValue
    - AgreementEventInstruction
    - ClosedState
    - CounterpartyPositionBusinessEvent
    - IndexTransitionInstruction
    - StockSplitInstruction
    - PriceQuantity
    - FallbackRateParameters
    - CalculationPeriodDates
    - LegalAgreementBase
    - EventInstruction
    - MinimumTransferAmountAmendment
    - TerminationCurrencyAmendment
    - CancelableProvision
    - EconomicTerms
    range: AdjustableOrRelativeDates
  effectivePeriod:
    name: effectivePeriod
    description: Effective period for cancelation when notice is given. This is the
      period after notice is given that cancellation becomes effecticve.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: Period
  earliestCancellationTime:
    name: earliestCancellationTime
    description: The earliest time in a business day that notice of cancelation can
      be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: BusinessCenterTime
  latestCancelationTime:
    name: latestCancelationTime
    description: The latest time at which notice of cancelation can be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    range: BusinessCenterTime
  exerciseTerms:
    name: exerciseTerms
    description: The exercise terms associated with the cancelable provision, including
      details such as exercise style, exercise fees, and any other relevant conditions
      or terms governing the cancellation of the swap transaction.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    - OptionPayout
    - OptionalEarlyTermination
    range: ExerciseTerms
    required: true
all_of:
- description: 'EffectiveDate: Must select one of predefined cancellation types of
    effectiveDate or effectivePeriod.'
  exactly_one_of:
  - slot_conditions:
      effectiveDate:
        name: effectiveDate
        value_presence: PRESENT
  - slot_conditions:
      effectivePeriod:
        name: effectivePeriod
        value_presence: PRESENT
  - all_of:
    - slot_conditions:
        effectiveDate:
          name: effectiveDate
          value_presence: ABSENT
    - slot_conditions:
        effectivePeriod:
          name: effectivePeriod
          value_presence: ABSENT

Induced

name: CancelableProvision
description: 'A data defining: the right of a party to cancel a swap transaction on
  the specified exercise dates. The provision is for ''walk-away'' cancellation (i.e.
  the fair value of the swap is not paid). A fee payable on exercise can be specified.
  As a difference from the FpML construct, the canonical model extends the BuyerSeller
  class.'
comments:
- 'Rosetta condition CancelableProvisionExerciseNoticeReceiverParty is not stated
  in LinkML: if exerciseNotice -> exerciseNoticeReceiver exists then exerciseNotice
  -> exerciseNoticeReceiver = AncillaryRoleEnum -> ExerciseNoticeReceiverPartyCancelableProvision'
from_schema: https://w3id.org/lmodel/common-domain-model
is_a: BuyerSeller
attributes:
  exerciseNotice:
    name: exerciseNotice
    description: Definition of the party to whom notice of exercise should be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    - ManualExercise
    - OptionalEarlyTermination
    range: ExerciseNotice
  followUpConfirmation:
    name: followUpConfirmation
    description: A flag to indicate whether follow-up confirmation of exercise (written
      or electronic) is required following telephonic notice by the buyer to the seller
      or seller's agent.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    - ExerciseProcedure
    - ExtendibleProvision
    - OptionalEarlyTermination
    range: boolean
    required: true
  cancelableProvisionAdjustedDates:
    name: cancelableProvisionAdjustedDates
    description: The adjusted dates associated with a cancelable provision. These
      dates have been adjusted for any applicable business day convention.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: CancelableProvisionAdjustedDates
  finalCalculationPeriodDateAdjustment:
    name: finalCalculationPeriodDateAdjustment
    description: Business date convention adjustment to final payment period per leg
      (swapStream) upon exercise event. The adjustments can be made in-line with leg
      level BDC's or they can be specified separately.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: FinalCalculationPeriodDateAdjustment
    multivalued: true
  initialFee:
    name: initialFee
    description: An initial fee for the cancelable option.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: Transfer
  callingParty:
    name: callingParty
    description: The party with right to exercise a cancellation. Allows for buyer,
      seller or either.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    range: CallingPartyEnum
  earliestDate:
    name: earliestDate
    description: The first day when cancelation is permitted to take effect. A party
      may give notice prior to this date and taken together with the effective period
      would be necessary to cancel on this date.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: AdjustableOrRelativeDate
  expirationDate:
    name: expirationDate
    description: The last day within the term of the contract that cancelation is
      allowed.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    - ExerciseTerms
    range: AdjustableOrRelativeDate
  effectiveDate:
    name: effectiveDate
    description: The effective date if cancelation is invoked otherwise the cancellation
      period defines the cancellation date.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    owner: CancelableProvision
    domain_of:
    - CodeValue
    - AgreementEventInstruction
    - ClosedState
    - CounterpartyPositionBusinessEvent
    - IndexTransitionInstruction
    - StockSplitInstruction
    - PriceQuantity
    - FallbackRateParameters
    - CalculationPeriodDates
    - LegalAgreementBase
    - EventInstruction
    - MinimumTransferAmountAmendment
    - TerminationCurrencyAmendment
    - CancelableProvision
    - EconomicTerms
    range: AdjustableOrRelativeDates
  effectivePeriod:
    name: effectivePeriod
    description: Effective period for cancelation when notice is given. This is the
      period after notice is given that cancellation becomes effecticve.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: Period
  earliestCancellationTime:
    name: earliestCancellationTime
    description: The earliest time in a business day that notice of cancelation can
      be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: BusinessCenterTime
  latestCancelationTime:
    name: latestCancelationTime
    description: The latest time at which notice of cancelation can be given.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    range: BusinessCenterTime
  exerciseTerms:
    name: exerciseTerms
    description: The exercise terms associated with the cancelable provision, including
      details such as exercise style, exercise fees, and any other relevant conditions
      or terms governing the cancellation of the swap transaction.
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_product_template
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - CancelableProvision
    - ExtendibleProvision
    - OptionPayout
    - OptionalEarlyTermination
    range: ExerciseTerms
    required: true
  buyer:
    name: buyer
    description: 'Buyer party that can be resolved as one of the two principal parties
      to the transaction. The party that buys this instrument, i.e. pays for this
      instrument and receives the rights defined by it. ISDA 2002 Equity Definitions
      section 1.18: `Buyer` means the party specified as such in the related Confirmation.
      | ISDA 2006 Definitions article 12.1 (b)(i) relating to a Swaption: ''Buyer''
      means the party that will, on each Premium Payment Date, pay to Seller the Premium
      | ISDA 2006 Definitions article 12.1 (b)(ii) relating to Swap Transactions with
      applicable Early Termination: the party specified as such in the related Confirmation,
      or the Exercising Party if neither party is specified | ISDA 2006 Definitions
      article 12.1 (b)(iii) relating to any other Option Transaction: the party specified
      as such in the related Confirmation. | ISDA 2014 Credit Definition article 1.4:
      `Buyer` means the Fixed Rate Payer.'
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_base_staticdata_party
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - BuyerSeller
    - Strike
    - StrikeSchedule
    range: CounterpartyRoleEnum
    required: true
  seller:
    name: seller
    description: 'Seller party that can be resolved as one of the two principal parties
      to the transaction. 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. ISDA 2002 Equity Definitions section 1.19: `Seller` means the party
      specified as such in the related Confirmation. | ISDA 2006 Definitions article
      12.1 (a)(i) relating to a Swaption: ''Seller'' means the party the party specified
      as such or as writer in the related Confirmation | ISDA 2006 Definitions article
      12.1 (a)(ii) relating to Swap Transactions with applicable Early Termination:
      the party specified as such or as writer in the related Confirmation or, if
      neither party is specified as such, the Non-exercising Party | ISDA 2006 Definitions
      article 12.1 (a)(iii) relating to any other Option Transaction: the party specified
      as such in the related Confirmation. | ISDA 2014 Credit Definition article 1.4:
      `Seller` means the Floating Rate Payer.'
    from_schema: https://w3id.org/lmodel/common-domain-model/cdm_base_staticdata_party
    rank: 1000
    owner: CancelableProvision
    domain_of:
    - BuyerSeller
    - Strike
    - StrikeSchedule
    range: CounterpartyRoleEnum
    required: true
all_of:
- description: 'EffectiveDate: Must select one of predefined cancellation types of
    effectiveDate or effectivePeriod.'
  exactly_one_of:
  - slot_conditions:
      effectiveDate:
        name: effectiveDate
        value_presence: PRESENT
  - slot_conditions:
      effectivePeriod:
        name: effectivePeriod
        value_presence: PRESENT
  - all_of:
    - slot_conditions:
        effectiveDate:
          name: effectiveDate
          value_presence: ABSENT
    - slot_conditions:
        effectivePeriod:
          name: effectivePeriod
          value_presence: ABSENT