FpML Issues Tracker

Summary

Good evening dear FpML experts.

I have a question regarding example 2.45 Example 37 (IRSfixed/float).

The example contains the following pieces of code:

1) for fixed leg

<calculationPeriodAmount>

<knownAmountSchedule>

<initialValue>7,000,000</initialValue>

<currency>EUR</currency>

</knownAmountSchedule>

</calculationPeriodAmount>

2) for floating leg

<calculation>

<notionalSchedule>

<notionalStepSchedule>

<initialValue>6,000,000</initialValue>

<currency>EUR</currency>

</notionalStepSchedule>

</notionalSchedule>

I have the following questions:

1) Is it a mistake that the example contains different notional amounts of 7,000,000 and 6,000,000, respectively for different legs ? Can IRSfixed/float contain different notional according to the FpML schema ? It seems that in practice there is such a possibility, in particular, this is what Google says.

2) Am I correct in my understanding that the element  <knownAmountSchedule> can be used only and only for fixed legs. At the same time, the notionalSchedule element can be used for both floating and fixed legs?

Thank you in advance and hope for cooperation as usual.

Best regards,

Maksym