First Working Draft of FpML Version 4.8

ISDA has published a first working draft for FpML Version 4.8. The draft is available on the FpML website in the Specifications section at: http://www.fpml.org/spec/fpml-4-8-1-wd-1. 
The following is an overview of the changes compared with the FpML 4.7 Recommendation which was published on March 19, 2010: 

• Commodity Derivatives:
• Added support for Physically-settled options.
• Equity Derivatives:
• Added support for Pan Asia (Interdealer) Index Swap
• dividendValuationDates
• FPVFinalPriceElectionFallback
• specialDividends
• dividendPaymentDate (Lag)
• 'ISDA2009IndexSwapPanAsiaInterdealer' value to the "MasterConfirmationAnnexType” scheme
• Coding Schemes:
• The following schemes have been updated:
• InflationIndexSource
• SettlementRateOption
• MasterConfirmationAnnexType
• The following schemes have been added:
• CommodityExpireRelativeToEvent

More information on the coverage and timing of future versions 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.

The FpML Team