FpML Version 4.4 Third Working Draft

ISDA has published a Third Working Draft for FpML Version 4.4.

This Working Draft is available on the FpML website in the Specifications section at: http://www.fpml.org/spec/fpml-4-4-4-wd-3
The following is an overview of the changes compared with the Second Working Draft for FpML Version 4.4, which was published in November.

- Equity Derivatives:
- Remodeling work: Within "EquityDerivativeLongFormBase" type, the element "equityFeatures" is deprecated. Rational: This content is accessible in the complex type "EquityDerivativeBase" through the model group Feature.model.

- Business Process:
- Added support for Events Cancellation Messages.

- Commercial Loan:
- Added support for Commercial Loan Notifications (between Agent Bank and Lenders).

- The following issues have been resolved:
- http://www.fpml.org/issues/view.php?id=518
- http://www.fpml.org/issues/view.php?id=465
- http://www.fpml.org/issues/view.php?id=294
- http://www.fpml.org/issues/view.php?id=293
- http://www.fpml.org/issues/view.php?id=289
- http://www.fpml.org/issues/view.php?id=288
- http://www.fpml.org/issues/view.php?id=287

- Coding Schemes:
- Broker Confirmation Type scheme has been updated.
- Contractual Supplement scheme has been updated.
- Credit Matrix Transaction Type scheme has been updated.

More information on the timing of version 4.4 and coverage and timing of future versions 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

Karel Engelen
Head of FpML
ISDA