FpML Issues Tracker

Summary

Hello,

Could you please clarify the question of a content of cashflow for cross-currency fixed/float swap with mark-to-market condition.

We are currently considering Example 26 (2.34 Example 26 - Fixed/Floating IRS Where The Floating Stream Notional Is Reset Based On Prevailing Spot Exchange Rate – Cashflows) where the conditions of the mark-to-market are met, i.e. the intermediate exchange is set to true (<intermediateExchange>true</intermediateExchange>). But cashflow in this example is missing the <principalExchange> section. And the questions are following:

Is the <principalExchange> section optional for a cross-currency swap with an intermediate exchange?

Or this section should never be in the cashflow of a cross currency fixed/float swap with intermediate exchange?

Thank you in advance.

With regards,

Iuliia