We will now build up a schedule definition introducing the concepts as
Starting with the base pool of
reusable building blocks – dependencies can be added. The building blocks
are also expanded to define what is in them (though these are secondary
Each of these building blocks could be
However in many cases
there could be different dependencies for (say) different types of
instruments. One solution would be
to hard wire this for all the different applicabilities (e.g. instrument,
market, time) so have separate schedule for swaps, bonds etc – but would
lead to a lot of schedules…..
So to make a single
generic definition to work in all cases applicability can be defined. This
definition can be expanded as new product come along.
What we have here is
a single schedule with generic applicability that can work for all
combinations of (in this case) instrument, market and time.
So we have covered the schedule, which provides the skeleton of our STP,
lets move on to looking at parts of the STP that actually “do things”….
2002-2005 Codel Services Ltd
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