Recommendation of FpML Version 4.6

ISDA has published the Recommendation for FpML Version 4.6.

The Recommendation is available on the FpML website in the Specifications section at: http://www.fpml.org/spec/fpml-4-6-6-rec-1/

The following is an overview of the changes compared with the FpML 4.6 Trial Recommendation which was published on August 10, 2009:

• Equity Derivatives:
  • Within “AveragingPeriod” component, removed DEPRECATED elements averagingWeight and AverageWeightList. Rationale for removal: averagingObservations element of type AveragingObservationList should be used to represent weights tied to a specific Averaging Date or Averaging Schedule.
• Credit Derivatives:
  • Added new value for iTraxx SovX to Contractual Supplement and Broker Confirmation Type schemes.
• Coding Schemes:
  • The following schemes were updated:
    • Broker Confirmation Type scheme.
    • Contractual Supplement scheme.

More information on the 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

The FpML Team