7.0.0-dev.97

Product Model - Inclusion of time in event instruction

Background

The current data model for trades only includes date references within the economicTerms section for the contract's start and end dates. Additionally, the EventInstruction structure does not currently capture precise intra-day event times. This approach lacks granularity for intra-day transactions, where the exact time of initiation and termination is critical for accurate trade representation and downstream processing.

The inclusion of time would allow precise specification of the contract's start and end times and should support a time zone and related time components to ensure accurate interpretation across regions and other referenced times.

What is being released?

• Contribution of new types to define the time as a direct or relative object, based on the TimeZone type and potentially having some offsets and adjustments
• The DirectOrRelativeTime applied to the effectiveDate and terminationDate as part of the economicTerms in a new element: effectiveTime and terminationTime
• The time relative to the event date in the EventInstruction as a TimeZone and the time relative to the effective date in the EventInstruction as a TimeZone

Review Directions

Changes can be reviewed in PR: #4437