Second Working Draft of FpML Version 4.9

ISDA has published the Second Working Draft for FpML Version 4.9. The draft is available on the FpML website in the Specifications section at: http://www.fpml.org/spec/fpml-4-9-2-wd-2/.
The following is an overview of the changes compared to the FpML 4.9 Working Draft which was published on July 30, 2010:

• Credit Derivatives:
• Added support for the "Fixed Settlement" provision for the new CDS Matrix Recovery Lock Matrix Confirmation.
• Equity Derivatives:
• Added support for Fair Value Share Swap European Interdealer.
• Interest Rate Derivatives:
• Added support for new Supplement 23 to the 2006 ISDA Definitions, which describes a new method for calculating the cash settlement amount for cross-currency swaps in the event of early termination.

More information on the timing of version 4.9 and the 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.