Refactored Extraordinary Events - version 2

This work introduces the representation of transactional terms accross asset classes within the legal agreement and reposition the extraordinary events details as agreed with the former ARC. Some of the reference to ISDA Definition have been cleared out.

rosetta-source/src/main/rosetta/base-staticdata-party-enum.rosetta

@@ -137,10 +137,3 @@ enum TelephoneTypeEnum: <"The enumerated values to specify the type of telephone
 	Mobile <"A number on a mobile telephone that is often or usually used for work-related calls. This type of number can be used for urgent work related business when a work number is not sufficient to contact the person or firm.">
 	Fax <"A number used primarily for work-related facsimile transmissions.">
 	Personal <"A number used primarily for non work-related calls. (Normally this type of number would be used only as an emergency backup number, not as a regular course of business).">
-
-// enum CategoryEnum: <"The enumerated values to specify the type of organisation involved in the transaction.">
-// 	Agent <"The trade or trade report represents the information from the perspective of the sender of the report, typically a clearing member firm or dealer (acting as an agent).">
-// 	Counterparty <"The trade or trade report represents the information from the perspective of the counterparty of the sender of the report, which is typically a clearing member firm or dealer.">
-// 	Customer <"The trade or trade report represents the information from the perspective of a client opposite the sender of the report, which is typically a clearing member firm or dealer.">
-// 	Principal <"The trade or trade report represents the information from the perspective of the sender of the report, typically a clearing member firm or dealer (acting as a principal).">
-

rosetta-source/src/main/rosetta/event-common-type.rosetta

@@ -427,11 +427,11 @@ type Trade: <"Defines the output of a financial transaction between parties - a
 		if contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> masterConfirmationType is absent
 		    and contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> contractualMatrix is absent
 			and tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> generalTerms -> referenceInformation exists
-			and contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA2003Credit
+			and contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA2003CreditDerivatives
 		then tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> generalTerms -> referenceInformation -> allGuarantees exists
 
 	condition FpML_cd_19: <"FpML validation rule cd-19 - If the condition ISDA1999Credit is true, then the following elements must not exist: protectionTerms/creditEvents/creditEventNotice/businessCenter, protectionTerms/creditEvents/restructuring/multipleHolderObligation, protectionTerms/creditEvents/restructuring/multipleCreditEventNotices, generalTerms/referenceInformation/allGuarantees, generalTerms/indexReferenceInformation, generalTerms/substitution, generalTerms/modifiedEquityDelivery.">
-		if contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA1999Credit
+		if contractDetails -> documentation -> legalAgreementIdentification -> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA1999CreditDerivatives
 		then tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> protectionTerms -> creditEvents -> creditEventNotice -> businessCenter is absent
             and tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> protectionTerms -> creditEvents -> restructuring -> multipleHolderObligation is absent
             and tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> protectionTerms -> creditEvents -> restructuring -> multipleCreditEventNotices is absent
@@ -441,7 +441,7 @@ type Trade: <"Defines the output of a financial transaction between parties - a
             and tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> generalTerms -> modifiedEquityDelivery is absent
 
 	condition FpML_cd_20: <"FpML validation rule cd-20 - If the condition ISDA2003 is true, then protectionTerms/obligations/notContingent must not exist.">
-		if contractDetails -> documentation -> legalAgreementIdentification-> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA2003Credit
+		if contractDetails -> documentation -> legalAgreementIdentification-> agreementName -> contractualDefinitionsType any = ContractualDefinitionsEnum -> ISDA2003CreditDerivatives
 		then tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> creditDefaultPayout -> protectionTerms -> obligations -> notContingent is absent
 
 	condition FpML_cd_23: <"FpML validation rule cd-23 - If the condition LongForm is true, then cashSettlementTerms or physicalSettlementTerms must exist.">
@@ -481,6 +481,17 @@ type Trade: <"Defines the output of a financial transaction between parties - a
         if tradableProduct -> product -> contractualProduct -> economicTerms -> payout -> interestRatePayout exists then
             FpmlIrd8( tradableProduct, account ) = True
 
+    condition ExtraordinaryEvents: <"Extraordinary events provisions must be associated with an equity payout.">
+        if contractDetails->documentation->agreementTerms->agreement->transactionAdditionalTerms->equityAdditionalTerms->extraordinaryEvents exists then
+             tradableProduct->product ->contractualProduct->economicTerms->payout-> performancePayout -> returnTerms -> priceReturnTerms exists // and performancePayout underlier must be security
+            or tradableProduct->product ->contractualProduct->economicTerms->payout -> optionPayout -> underlier -> security exists
+
+    condition DisruptionEventsDeterminingParty:
+        if contractDetails->documentation->agreementTerms->agreement->transactionAdditionalTerms->equityAdditionalTerms->extraordinaryEvents -> additionalDisruptionEvents -> determiningParty exists
+        then tradableProduct->ancillaryParty -> role contains AncillaryRoleEnum -> DisruptionEventsDeterminingParty
+        and if tradableProduct->ancillaryParty -> role contains AncillaryRoleEnum -> DisruptionEventsDeterminingParty
+        then contractDetails->documentation->agreementTerms->agreement->transactionAdditionalTerms->equityAdditionalTerms-> extraordinaryEvents -> additionalDisruptionEvents -> determiningParty exists
+
 type ExecutionDetails: <"Defines specific attributes that relate to trade executions.">
 	[metadata key]
 

rosetta-source/src/main/rosetta/legaldocumentation-common-enum.rosetta

@@ -4,24 +4,25 @@ version "${project.version}"
 import cdm.mapping.config.*
 
 enum ContractualDefinitionsEnum: <"The enumerated values to specify a set of standard contract definitions relevant to the transaction.">
-	ISDA1991 <"ISDA 1991 Interest Rate Definitions">
-	ISDA1993Commodity <"ISDA 1993 Commodity Derivatives Definitions">
-	ISDA1996Equity <"ISDA 1996 Equity Derivatives Definitions">
-	ISDA1997Bullion <"ISDA 1997 Bullion Definitions">
-	ISDA1997GovernmentBond <"ISDA 1997 Government Bond Option Definitions">
-	ISDA1998FX <"ISDA 1998 FX and Currency Option Definitions">
-	ISDA1999Credit <"ISDA 1999 Credit Derivatives Definitions">
-	ISDA2000 <"ISDA 2000 Definitions">
-	ISDA2002Equity <"ISDA 2002 Equity Derivatives Definitions">
-	ISDA2003Credit <"ISDA 2003 Credit Derivatives Definitions">
-	ISDA2004Novation <"ISDA 2004 Novation Definitions">
-	ISDA2005Commodity <"ISDA 2005 Commodity Derivatives Definitions">
-	ISDA2006 <"ISDA 2006 Interest Rate Definitions">
-	ISDA2006Inflation <"ISDA 2006 Inflation Derivatives Definitions">
-	ISDA2008Inflation <"ISDA 2008 Inflation Derivatives Definitions">
-	ISDA2011Equity <"ISDA 2011 Equity Derivatives Definitions">
-	ISDA2014Credit <"ISDA 2014 Credit Derivatives Definitions">
-	ISDA2021 <"ISDA 2021 Interest Rate Derivatives Definitions">
+    ISDA1991InterestRate <"ISDA 1991 Interest Rate Definitions">
+    ISDA1993CommodityDerivatives <"ISDA 1993 Commodity Derivatives Definitions">
+    ISDA1996EquityDerivatives <"ISDA 1996 Equity Derivatives Definitions">
+    ISDA1997Bullion <"ISDA 1997 Bullion Definitions">
+    ISDA1997GovernmentBondOption <"ISDA 1997 Government Bond Option Definitions">
+    ISDA1998FxAndCurrencyOption <"ISDA 1998 FX and Currency Option Definitions">
+    ISDA1999CreditDerivatives <"ISDA 1999 Credit Derivatives Definitions">
+    ISDA2000 <"ISDA 2000 Definitions">
+    ISDA2002EquityDerivatives <"ISDA 2002 Equity Derivatives Definitions">
+    ISDA2003CreditDerivatives <"ISDA 2003 Credit Derivatives Definitions">
+    ISDA2004Novation <"ISDA 2004 Novation Definitions">
+    ISDA2005Commodity <"ISDA 2005 Commodity Definitions">
+    ISDA2006<"ISDA 2006 Definitions">
+    ISDA2006InflationDerivatives <"ISDA 2006 Inflation Derivatives Definitions">
+    ISDA2008InflationDerivatives <"ISDA 2008 Inflation Derivatives Definitions">
+    ISDA2011EquityDerivatives <"ISDA 2011 Equity Derivatives Definitions">
+    ISDA2014CreditDerivatives <"ISDA 2014 Credit Derivatives Definitions">
+    ISDA2021InterestRateDerivatives <"ISDA 2021 Interest Rate Derivatives Definitions">
+    ISDA2023DigitalAssetDerivatives <"ISDA 2021 Digital Asset Derivatives Definitions">
 
 enum ContractualSupplementTypeEnum: <"The enumerated values to define the supplements to a base set of ISDA Definitions that are applicable to the transaction.">
 	ABX <"Standard Terms Supplement for ABX Transactions.">
@@ -236,6 +237,8 @@ enum LegalAgreementPublisherEnum: <"The enumerated values to specify the legal a
 	AFB <"Association Française des Banques.">
 	BNYM <"BNY Mellon">
 	ISDAClearstream <"ISDA and Clearstream">
+    EMTA <"Emerging Markets Traders Association">
+    TheFXCommittee  <"The Foreign Exchange Committee">
 	ISDAEuroclear <"ISDA and Euroclear">
 	ISDA <"International Swaps and Derivatives Association, Inc.">
 		[synonym AcadiaSoft_AM_1_0 value "ISDA"]

rosetta-source/src/main/rosetta/legaldocumentation-contract-type.rosetta

@@ -10,5 +10,5 @@ type Agreement: <"Specification of the standard set of terms that define a legal
 	collateralTransferAgreementElections CollateralTransferAgreementElections (0..1) <"Elections to specify a Collateral Transfer Agreement.">
 	securityAgreementElections SecurityAgreementElections (0..1) <"Elections to specify a Security agreement.">
 	masterAgreementSchedule MasterAgreementSchedule (0..1) <"Elections to specify a Master Agreement Schedule.">
-
+    transactionAdditionalTerms TransactionAdditionalTerms (0..1)<"Any additional terms which mainly intend to specify the extraordinary events that may affect a trade and the related contractual rights and obligation of the parties when this happens">
 	condition: one-of

rosetta-source/src/main/rosetta/legaldocumentation-master-enum.rosetta

@@ -67,6 +67,10 @@ enum MasterConfirmationAnnexTypeEnum: <"The enumerated values to specify the typ
 	ISDA2010FairValueShareSwapEuropeanInterdealer <"The Fair Value Interdealer Share Swap 2010 Annex to the ISDA 2009 European Interdealer Master Equity Derivatives Confirmation Agreement applies.">
 	ISDA2010IndexShareOptionEMEAInterdealer <"The Cash-settled Index Option/Cash/Physically-settled Share Option 2010 Annex to the ISDA 2010 EMEA EM Interdealer Master Equity Derivatives Confirmation Agreement applies.">
 
+enum NationalizationOrInsolvencyOrDelistingEventEnum: <"Defines the consequences of nationalization, insolvency and delisting events relating to the underlying.">
+    NegotiatedCloseout <"The parties may, but are not obliged, to terminate the transaction on mutually acceptable terms and if the terms are not agreed then the transaction continues.">
+    CancellationAndPayment <"The trade is terminated.">
+
 enum MasterConfirmationTypeEnum: <"The enumerated values to specify the type of master confirmation agreement governing the transaction. While FpML positions the date a prefix, the CDM positions it as the suffix to handle grammar type constraints.">
 	[docReference ISDA FpML_Coding_Scheme schemeLocation "http://www.fpml.org/coding-scheme/master-confirmation-type"]