In addition to the changes describe above, the following additions have been implemented since FpML 4.4:
- Credit Derivatives:
- Amended the FeeLeg structure by adding an optional id attribute.
- Commodity Derivatives:
- Added support for commodity underlyer, commodity swaps, and commodity options.
- Equity Derivatives:
- A Bug Fixed - A FloatingRateCalculationReference type is added to reference a floating rate interest calculation from CompoundingRate's "interestLegRate" element.
- Added support for Equity Swaps on Americas Index underlyers.
- Interest Rate Derivatives:
- Added NDS clause for supporting a schedule of valuation dates.
- A Bug Fixed - the RelevantUnderlyingDateReference complex type was missing an "href" attribute to be used as a pointer to a relevant underlying date. The attribute has been added.
- Syndicated Loan:
- Added support for Letter of Credit balance, Letter of Credit termination, Letter of Credit issuance, Rollover and Letter of Credit amendment notices.
- Shared:
- Amended Master Agreement Type to make it more generic by separating the Master Agreement type and Master Agreement Type's version:
- Removed version from ISDA Master Agreement Type scheme values (e.g."ISDA").
- Created a new Master Agreement Version scheme that defines the version of the master agreement governing the transaction (e.g. "2002").
- Within MasterAgreement type, added a second optional "masterAgreementVersion" value of type "MasterAgreementVersion" to specify the version of the generic master agreement type.
- Added a new type "MasterAgreementVersion" that has a scheme attribute "masterAgreementVersionScheme" to specify the version of the master agreement.
- Validation Rules:
- Syntax for validation rules has been updated based on the new validation rule specification.
- Coding Schemes:
- Business Center scheme has been updated.
- Commodity Business Calendar scheme has been added.
- Commodity Frequency Type scheme has been added.
- Commodity FX Type scheme has been added.
- Commodity Market Disruption scheme has been added.
- Commodity Market Disruption Fallback scheme has been added.
- Commodity Quantity Frequency scheme has been added.
- Commodity Reference Price scheme with standard description for each code (without full ISDA description) has been added.
- Contractual Definitions scheme has been updated.
- Day Count Fraction scheme has been updated.
- Loan Position Change Type scheme has been added.
- Master Agreement Type scheme has been updated.
- Master Agreement Version scheme has been added.
- Master Confirmation Type scheme has been updated.
- Price Quote Units scheme has been updated.
- Quantity Unit scheme has been added.
- Time Zone scheme has been added.
The following error was identified breaking the backward compatibility with FpML 4.4 build 11. The issue was corrected in this version and also in FpML 4.4 build 12.
Syndicated Loan:
- Within On-going Fee Notice, amended fee accrual period structure by making accrualAmount a mandatory element instead of being optional. Rationale for this Non-Backward Compatible change: The accrual amount itself should not be optional. An accrual period which does not state an accrual amount is clearly incomplete.