FpML Issues Tracker
closed
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Schema
Admin
mgratacos
Summary
Reviewing the 5.2 schema I noticed that the abstract Product element has been modified and the documentation associated with the elements has been changed. I don't believe the changes where necessary to match the requirements of the proposed regulation.
1. It is not necessarly to add an explicit element to contain the asset class it could easily have been accommodated as a
As the world's regulators are unlikely to agree on a universal scheme there will always need to be an explicit schema associated with each code and its is not more difficult to generate and process ...
.. as it is ..
2. A UPI will only contain a subset of the data fields that define a derivative product therefore two similar but different products may end up with the same UPI code. The original usage of the
It is entire possible that some other regulators will combine the concepts of asset class and product type into a single structured code value (as in the CFI).
I would this to see the 5.2 and 5.3 product models reverted to thier old design and the usage of their elements better documented.
Notes:
mgratacos
10/03/18 5:58 am
This was implemented in 5.3 onwards. It won’t change in 5.x versions.