ISDA has published the fourth Working Draft for FpML Version 4.3

This Working Draft is available on the FpML website in the specifications section at: http://www.fpml.org/spec/2007/wd-fpml-4-3-2007-07-30/.

The following is an overview of the changes compared with the most recent version in Recommendation: Version 4.2:

Credit Derivatives:
- Added support for mortgage credit default swap.
- Added support for loan credit default swap.

Interest Rate Derivatives :
- Added ability to specify firstCompoundingPeriodEndDate within CalculationPeriodDates.
- Added support for Nondeliverable Modifications.
- Added support for leg level cancellation effective date BDC's within the cancellation provision.

Equity Derivatives:
- Improved support for Asia Excluding Japan Interdealer Master Confirmation.
- Added support for Dividend Swaps.
- Added support for Correlation Swaps.
- Added support for Conditional Variance Swaps Business Process:
- Support for Portfolio Reconciliation.

Architecture:
- Support for eCore annotations.
- Flagged deprecated features using annotations.

Coding Schemes :
- Business Center scheme was updated.
- Inflation Index Source scheme was updated.
- Broker Confirmation Type scheme was updated.
- Master Confirmation Type scheme was updated.
- Floating Rate Index scheme was updated to support 2006 ISDA Definitions.
- Contractual Supplement scheme was updated.
- Position status scheme was created for portfolio reconciliation.
- Day Count Fraction scheme has been updated.

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