FpML 5.8 Working Draft

FpML 5.8 Working Draft

October 24, 2014 - Build 1

NOTICE: Implausible combinations of events within messages have been removed in 5.8; certain events that were previously available in messages have now been removed, effectively breaking compatibility. The BPWG does not foresee issues with removing these options but is seeking feedback from the industry in the unlikely event the changes affect existing implementations. Please submit feedback to bpwgchair@fpml.org. Online Documentation: (HTML format with Menu: View in HTML format using frames and a javascript menu to facilitate navigation through the specification.)
Used for confirming the precise details of contracts and post-trade business events. It is intended to have similar characteristics to the FpML 1-4 product representation, i.e. a very detailed product representation capturing the details needed for a transaction confirmation.
Used for reporting the Pretrade Terms of derivative transactions. In addition this view also supports Credit Limit Check messages to support Clearing Certainty work flows.
A new Legal view is introduced in the FpML framework to support legal documentation. The Standard Credit Support Annex (SCSA) is the first type of legal document represented in FpML. Similarly to what is in place for trades, the FpML representation focuses on representing the elections and variables associated with the underlying legal document, not the whole terms of it. The FpML Standards CSA is seeking feedback from the industry. Please submit feedback to scsawgchair@fpml.org .

Regulatory Reporting

Used for reporting price forming information about executed transactions to the public by reporting parties and execution platforms. It is intended to provide only the key product economics that are appropriate for standardized transactions, and not customizations and detailed information not required for price discovery, for example details of date adjustment rules and the like.
Used for reporting the Primary Economic Terms of derivative transactions to Swaps Data Repositories from entities including market participants, execution platforms, and clearing or confirmation services. This view is intended to have similar characteristics to the FpML "confirmation view" product representation, i.e. a very detailed product representation capturing the details needed for a transaction valuation; it may not include all documentation and legal terms.

Risk Reporting & Collateral

Used for reporting trading and business activities and positions (including as part of STP flows), as well as processes such as reconciliation. This view has a moderately loose product representation; it requires key economic information such as the notional, key dates, and parties, but leaves other information optional.

Errata List

View an errata document for this specification.

Master Schema

Master-Schema Technical Paper

FpML Coding Schemes

Architecture Specification

Additional Sources

FpML Issues List Post and view comments/issues about the FpML specifications. FpML License AgreementCurrent FpML Public License