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