Last Call Working Draft of FpML Version 5.1

ISDA has published the Last Call Working Draft for FpML 5.1. The draft is available on the FpML website in the Specifications section at http://www.fpml.org/spec/fpml-5-1-4-lcwd-1/.

Changes compared to FpML 5.1 Third Working Draft (build 3) 2010-11-15:

• Business Processes:
  • General refactoring of the Collateral schema
    
  • Additional refinements to the Option Exercise / Expiry messages
    
  • Additional refinements to the request to de-clear and clearing confirmation messages
    
• FX Derivatives:
  
  • As part of the redesign of the existing FX product model, refactored Fx Rate Observation to ensure consistency between the respective observation dates, average rate weighting factor and observed rate.
    
• Coding Schemes:
  
  • The following schemes have been added:
    
    • originatingEventScheme
      
• All areas:
  
  • Synchronized content with FpML 4.9.
    

More information on the timing of version 5.1 and the coverage and timing of future versions can be found in the FpML roadmap: http://www.fpml.org/roadmap/roadmap.pdf.

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

Regards,

The FpML Team

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