FpML Issues Tracker

1210: The element feeTrade should be excluded from the confirmation view

January 13, 2015

closed

Minor

Always

Schema

Admin

mgratacos

Summary

The feeTrade element was added to the FpML schema to support regulatory reporting of novations. It plays no part in the confirm view of novation and should be excluded from schema during its generation.

Versions of FpML back to 5.5 should be checked and corrected.

Notes:

  • mgratacos

    07/20/18 9:18 am

    AWG 2018-03-08

    Yes, feeTrade only applies in a reporting context but there are market participants who are using confirmation view. So it will be inconvenient the removal of feeTrade in confirmation view. We agreed to add a comment in the annotation to indicate that this is applicable in reporting.

  • mgratacos

    07/21/18 6:22 am

    Updated the annotation of feeTrade:

    Indicates the implied trade (the “fee trade”) that the associated novation fee based on. This is equivalent to the new trade that is created by the novation (between the transferee and the remaining party), but is between the transferor and the transferee. Fee Trade supports regulatory reporting of novations.

    • Leave an update

    You must be logged in to post an update.

    Report an Issue

    The FpML Issues Tracker is designed to facilitate public interaction in the standard.

    By registering you will be able to submit corrections and comments, generate reports, and view the complete issues archive for FpML.

    Report Issue