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Trade & convention defaults that are invisible in the XSD

Optional elements in the trade schema have runtime defaults defined in code, not in the XSD. Entries below quote the ORE source so the behaviour is verifiable.

FxForward settlement / payment date

• If SettlementData is omitted, the payment lag, calendar and business-day convention come from the FX index conventions of the traded pair (getFxIndexConventions, OREData/ored/portfolio/fxforward.cpp:81-96) — not from a hard-coded number, so the effective default depends on your conventions.xml.
• Cash-settled trades without an explicit FX index pay at the maturity date (fxforward.cpp:82-85).
• Explicit override example (PaymentLag/PaymentCalendar/PaymentConvention inside SettlementData/Rules): see the contributed example portfolio.xml.

FX convention PointsFactor

• PointsFactor is a required child of an FX convention (OREData/ored/configuration/conventions.cpp:949).
• Forward-point quotes are scaled by dividing by PointsFactor when FX-forward-implied curves are built (OREData/ored/marketdata/yieldcurve.cpp:3161, e.g. value / pointsFactor). Points quoted in pips need a factor of 10000; the contributed USD/VND example quotes points in VND-per-USD units and uses factor 1.

Related

• Quote-name token semantics (e.g. the spot-lag token in MM and IR_SWAP quotes): market quote naming.