FpML Issues Tracker

1228: Should FpML use ISO4217 for currency codes?

February 19, 2016

closed

Major

Always

Coding Scheme

andrew

mgratacos

Summary

The default scheme for currencies in FpML references the ISO 4217 standard for currency codes but this standard 'officially' only relates to active currencies and and does not include:

a) pre-Euro currencies that are still used to denominate some long dated securities that can be used a underlyings. We actively trade some DEM bonds for example.

b) offshore currencies used in finanicial markets such as CNH. We actively trade 5 offshore currencies.

It might be better for FpML to define its own scheme that includes all of these codes rather than reference one that does not.

Any thoughts?

Notes:

  • mgratacos

    01/18/18 11:03 am

    See Expanding The Currency Codes paper by the Architecture Working Group.

  • mgratacos

    01/31/18 2:49 pm

    Closed since published paper addresses this.

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