QPS Financial Contracts API - Service Unavailable

Harry.Nan

Hello, I ran into the following error today:

{'error': {'id': '3a4945f9-f869-4b70-9108-c4022368608a', 'code': 'QpsCommon.ERROR_BACKEND_ACCESS_FAILURE', 'status': 'Service Unavailable', 'message': '[QpsDps] I/O error on POST request for "https://qps-dps-use1.int.refinitiv.com/pricing/prepare": Read timed out'}}

My code was running fine before, could you please advise? Thanks!

Harry.Nan

Here's a sample request body. It had been running ok until today

{

    "fields": [

        "MarketValueInDealCcy",

        "ErrorMessage"

    ],

    "universe": [

        {

            "instrumentDefinition": {

                "instrumentTag": "1730T0T58",

                "dealCcy": "USD",

                "inputs": [

                    {

                        "type": "string",

                        "name": "CUSIP",

                        "value": "1730T0T58"

                    },

                    {

                        "type": "string",

                        "name": "Issuer",

                        "value": "C"

                    },

                    {

                        "type": "string",

                        "name": "Callable",

                        "value": "True"

                    },

                    {

                        "type": "string",

                        "name": "PrincipalAtRisk",

                        "value": "False"

                    },

                    {

                        "type": "string",

                        "name": "RangeAccrualType",

                        "value": "A"

                    },

                    {

                        "type": "string",

                        "name": "SOFR",

                        "value": "False"

                    },

                    {

                        "type": "string",

                        "name": "NumOfAssets",

                        "value": "1"

                    },

                    {

                        "type": "date",

                        "name": "TradeDate",

                        "value": "24/06/2014"

                    },

                    {

                        "type": "date",

                        "name": "ValuationDate",

                        "value": "27/06/2034"

                    },

                    {

                        "type": "date",

                        "name": "MaturityDate",

                        "value": "27/06/2034"

                    },

                    {

                        "type": "date",

                        "name": "StartDate",

                        "value": "27/06/2014"

                    },

                    {

                        "type": "date",

                        "name": "EndDate",

                        "value": "27/06/2034"

                    },

                    {

                        "type": "date",

                        "name": "RangeStart",

                        "value": "27/06/2015"

                    },

                    {

                        "type": "date",

                        "name": "CallStart",

                        "value": "27/06/2015"

                    },

                    {

                        "type": "date",

                        "name": "CallEnd",

                        "value": "27/06/2034"

                    },

                    {

                        "type": "string",

                        "name": "CMS_Long",

                        "value": "30Y"

                    },

                    {

                        "type": "string",

                        "name": "CMS_Short",

                        "value": "2Y"

                    },

                    {

                        "type": "string",

                        "name": "CpnB",

                        "value": "0.7"

                    },

                    {

                        "type": "string",

                        "name": "FixedCpn",

                        "value": "0.13"

                    },

                    {

                        "type": "string",

                        "name": "Cap",

                        "value": "0.13"

                    },

                    {

                        "type": "string",

                        "name": "Notional",

                        "value": "100"

                    },

                    {

                        "type": "string",

                        "name": "PayFreq",

                        "value": "Q"

                    },

                    {

                        "type": "string",

                        "name": "CallFreq",

                        "value": "Q"

                    },

                    {

                        "type": "string",

                        "name": "CallGap",

                        "value": "-5B"

                    },

                    {

                        "type": "string",

                        "name": "ResetGap",

                        "value": "-2B"

                    },

                    {

                        "type": "string",

                        "name": "PayGap",

                        "value": "0B"

                    },

                    {

                        "type": "string",

                        "name": "DateRule",

                        "value": "ModifiedFollowing"

                    },

                    {

                        "type": "string",

                        "name": "Calendar",

                        "value": "NYSE"

                    },

                    {

                        "type": "string",

                        "name": "DayCount",

                        "value": "30/360"

                    },

                    {

                        "type": "string",

                        "name": "A_1",

                        "value": "SP500"

                    },

                    {

                        "type": "string",

                        "name": "Initial_1",

                        "value": "1949.98"

                    },

                    {

                        "type": "string",

                        "name": "ResetArrear",

                        "value": "False"

                    },

                    {

                        "type": "string",

                        "name": "Leverage_Steps",

                        "value": "1"

                    },

                    {

                        "type": "string",

                        "name": "Leverage",

                        "value": "4.0"

                    },

                    {

                        "type": "string",

                        "name": "Spread",

                        "value": "-0.0025"

                    }

                ],

                "payoffDescription": [

                    [

                        "Schedule type",

                        "Schedule description",

                        "Spot_1",

                        "WorstPerform",

                        "CMS_Spread",

                        "nday",

                        "Actday",

                        "Cpn",

                        "Redemption",

                        "Price"

                    ],

                    [

                        "AtDate",

                        "TradeDate",

                        "Initial_1",

                        "",

                        "",

                        "$n=0",

                        "$act=0",

                        "",

                        "",

                        ""

                    ],

                    [

                        "AllTheTime",

                        "FromTo(RangeStart,MaturityDate,1b)",

                        "EqSpot(A_1)",

                        "Spot_1[t]/Spot_1[1]",

                        "",

                        "$n=$n+IF(WorstPerform[t]>=CpnB,1,0)",

                        "$act=$act+1",

                        "",

                        "",

                        ""

                    ],

                    [

                        "OnSchedule",

                        "DateTable(StartDate,RangeStart,PayFreq,DayCount,PayGap:=PayGap,ResetGap:=ResetGap,Arrear:=Yes,DateRule:=DateRule,Calendar:=Calendar)",

                        "",

                        "",

                        "",

                        "",

                        "",

                        "FixedCpn*InterestTerm()",

                        "",

                        "Receive Notional*Cpn[t]"

                    ],

                    [

                        "OnSchedule",

                        "DateTable(StartDate,EndDate,PayFreq,DayCount,PayGap:=PayGap,ResetGap:=ResetGap,Arrear:=Yes,DateRule:=DateRule,Calendar:=Calendar)",

                        "",

                        "",

                        "Max(0,SwapRate(USD,EventDate(),CMS_Long)-SwapRate(USD,EventDate(),CMS_Short)+Spread)",

                        "",

                        "",

                        "",

                        "",

                        ""

                    ],

                    [

                        "OnSchedule",

                        "DateTable(RangeStart,EndDate,PayFreq,DayCount,PayGap:=PayGap,ResetGap:=0B,Arrear:=Yes,DateRule:=DateRule,Calendar:=Calendar)",

                        "",

                        "",

                        "",

                        "",

                        "",

                        "$n/$act*Min(Cap,Leverage*IF(\"ResetArrear\"==\"False\",CMS_Spread[LastDate(-1)],CMS_Spread[LastDate]))*InterestTerm()",

                        "",

                        "Receive Notional*Cpn[t];$n=0;$act=0"

                    ],

                    [

                        "OnSchedule",

                        "DateTable(CallStart,CallEnd,CallFreq,DayCount,PayGap:=PayGap,ResetGap:=CallGap,Arrear:=False,DateRule:=DateRule,Calendar:=Calendar)",

                        "",

                        "",

                        "",

                        "",

                        "",

                        "",

                        "",

                        "CallableBy(Them,Notional)"

                    ],

                    [

                        "AtDate",

                        "ValuationDate",

                        "EqSpot(A_1)",

                        "Spot_1[t]/Spot_1[1]",

                        "",

                        "",

                        "",

                        "",

                        "1",

                        "Receive(MaturityDate,Notional*Redemption[t])"

                    ]

                ]

            },

            "pricingParameters": {

                "models": [

                    {

                        "underlyingCode": "USD",

                        "underlyingName": "USD",

                        "underlyingCurrency": "USD",

                        "assetClass": "InterestRate",

                        "modelName": "HullWhite1Factor",

                        "modelParameters": {

                            "volatilityTermStructure": [

                                {

                                    "value": 1.0,

                                    "unit": "Percent"

                                }

                            ],

                            "meanReversionTermStructure": [

                                {

                                    "value": 1.0,

                                    "unit": "Percent"

                                }

                            ],

                            "volatilityModel": "NormalVolatility"

                        }

                    },

                    {

                        "underlyingCode": ".SPX",

                        "underlyingName": "SP500",

                        "underlyingCurrency": "USD",

                        "assetClass": "Equity",

                        "modelName": "Dupire"

                    }

                ],

                "numericalMethod": {

                    "allTheTimePointsPerYear": 260,

                    "method": "AmericanMonteCarlo",

                    "additionalPoints": 12,

                    "simulationCount": 1000

                },

                "fundingSpreadInBp": 0,

                "forceDecreasingDiscountFactor": false,

                "includeCashFlowsAtValuationDate": false,

                "correlationReferenceCoefficientPercent": -100,

                "correlationMultiplier": 0.995,

                "numeraireType": "Cash",

                "useBasisSwap": false,

                "valuationDate": "2022-09-01"

            },

            "instrumentType": "StructuredProduct"

        }

    ]

}