Last Call Working Draft of FpML Version 5.0

ISDA has published the Last Call Working Draft for FpML Version 5.0. The Draft is available on the FpML website in the Specifications section at: http://www.fpml.org/spec/fpml-5-0-6-lcwd-1/
The following is an overview of the changes compared with the FpML 5.0 Fourth Working Draft which was published on December 20, 2009 :

• Business Processes:
• Documentation has been added for Confirmation, Allocations, and Clearing processes.
• New coding schemes have been added to provide information in a report.
• Cross-Asset:
• New structures that were added to the party element specific for reporting purposes have been removed from the confirmation view.
• The partyName and accountName elements have a new scheme attribute to provide the source of the data.
• All areas:
• Dependency issues within the subschema files have been solved.
• All examples have been updated accordingly with the schema changes.
• Documentation has been updated.

More information on the timing of version 5.0 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.

FpML Team