ISDA has published the second Working Draft for FpML Version 4.3

This second Working Draft is available on the FpML website in the specifications section at: http://www.fpml.org/spec/2007/wd-fpml-4-3-2007-05-14/

The following is an overview of the changes compared with the first Working Draft for version 4.3 which was published in February:

Business Process: Support for Portfolio Reconciliation.

Equity Derivatives: Improved support for Asia Excluding Japan Interdealer Master Confirmation.

Interest Rate Derivatives:
- Additional support for Non-deliverable provisions.
- Support for leg level cancellation effective date Business Day Conventions within the cancellation provision.

In addition a new section covering Repos and Sell-Buy Backs has been added to this working draft.

The following coding Schemes have been updated:
- Floating Rate Index scheme.
- Master Confirmation Type scheme
- Contractual Supplement scheme
- Broker Confirmation Type scheme
- Business Center scheme
- Product Type scheme

More details on these changes as well as the coverage in version 4.3 compared with the 4.2 Recommendation, can be found in the specifications (see “section 12: Changes in this version”).

More information on the planned coverage in version 4.3 and future versions, together with the timing, can be found in the FpML roadmap: http://www.fpml.org/roadmap/roadmap.pdf

Please send your comments to us by filling in the form at http://www.fpml.org/issues