Proposed change to the CDM for Equity Products

[winitall01]

Issue 1: Activity Date

Problem Statement: Modelling of Activity Date in Create_TradeState Function is incomplete. Currently, activity date in empty in the function

Proposal

Populate activity date with event Date

This will also include making changes in all associated functions. Please refer to the following PR for full list of changes:

Issue 2: FpML Conditions require modification##

1. FpML_ird_9
2. FpML_ird_29

Current State

Proposal

Proposed State

Issue 3: Commodity Qualification function

Modifications to Qualify_AssetClass_Commodity and Qualify_Commodity_Forward
Addition of Single forwardPayoutLeg required
Current State

Proposal

Proposed State

Issue 4: Equity Qualification function

Modifications to Qualify_AssetClass_Equity
Addition of AssetClass check for index underlier
Current State

Proposal

Proposed State

Issue 5: cardinality of expirationTime

Problem Statement: in type ExerciseTerms, expirationTime has a mandatory cardinality (1..1). For FX Options, there’s no fix expirationTime.
Current State

Proposal

Proposal: relax expirationTime cardinality rule. Also, add a condition to require expirationTimeType when expirationTime exists or vice versa (to be added to AmericanExercise, BermudaExercise and EuropeanExercise)

Propos

ed State

[manucarreramoreno]

On Issue 3: Commodity Qualification function, why is the addition of a "Price Return Vanilla Forward" required? The attribute ForwardPayout does not allow the representation of a price, so we cannot determine at which price the commodity delivered is being payed (this is why we need to combine it with a fixedPricePayout or a commodityPayout)