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FpML-IRD Refactor Swaption Schema for Fpml v 5.x

Title: Refactor Swaption Schema for Fpml v 5.x

IRDWG,

Would it make sense to look at retro-fitting the IRD Swaption schema on the back of the option work completed as part of the working draft for Fpml version 4.3 (see attached)?  We now have a framework in place that should ideally support all option types.  I don't think it would take a great deal of effort and I'm happy to do the work (to me at least it seems like a logical and strategic thing to do).

I realise it would have to be as part of a major release (5.0).

Thanks

Jamie
<<FpML Version 4.3 Third Working Draft Published>>

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Title: FpML Version 4.3 Third Working Draft Published

ISDA has published the third 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-4-3-2007-07-05/ 

The following is an overview of the changes compared with the second Working Draft for version 4.3 which was published in May: 

Credit Derivatives:
- Added support for Options on Credit Default Swaps
Bond Options:
- Added support for Bond and Convertible Bond Options
Equity Derivatives:
- Added support for Dividend Swaps
Architecture:
- Flagging of deprecated features using annotations
Repo:
- 4.3 Second working draft coverage has been taken out for further review by the working group

The following coding Schemes have been updated:
- Master Confirmation Type scheme
- Product Type scheme

More details on these changes as well as the coverage in version 4.3 compared with the 4.2 Recommendation, can be found in the specifications (see “section 12: Changes in this version”).

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


Karel Engelen
Head of FpML
ISDA


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