There is currently what appears to be two rather critical mistakes with the currently published FpML 4.3 Recommendation. Variance Swaps and Dividend Swaps are currently not backwards compatible from the previous published versions of FpML. In our attempt to implement the 4.3 Recomendation for all Equity products, DTCC ran into 3 major issues with the … Continued
There is currently what appears to be a typo in the existing elements used to describe cashflowType. In GrossCashflow it is defined as: Defines the type of cash flow. For instance, a type of fee, premium, principal exchange, leg fee. In Observation elements (which uses the Quotation.model from valuation-base) it is defined as: For cash … Continued
The CD Physical Settlement Matrix v4 introduced a new provision — “Additional Provisions for Reference Entities with Delivery Restrictions (February 1, 2007)”. The contractualSupplementScheme should have a value (such as ISDA2003DeliveryRestrictions2007 with description) to support this provision.
In the asset-4-3 schema, the underlyer “mortgage” has a typo in the MortgageSector type. It currently states: this should probably be:
This was something I raised to the CUG some time ago in preperation for the new B to B messages. The problem is that for ANY message derived from one of the notification messaging types (novation, payment, trade confirmation, etc.) there is the possibility that one of the parties to the trade will be playing … Continued
FpML has been supporting a list of scheme values in the codelist format online. The proposal would be to keep the most recent version of each coding-scheme in a canonicalized URL pointing to an XML file. The most recent version of any one scheme could then be referenced by the cononicalized URL and XML file. … Continued
DTCC DerivSERV clients have expressed the need for an additional Business Center value representing Dsseldorf, Germany. Currently, “DEFR – Frankfurt” is the only German location. The proposal is to add a new scheme value of “DEDU – Dsseldorf” to the current Business Center scheme, http://www.fpml.org/coding-scheme/business-center, in the next release of FpML 4.2. Regards, Henri Pegeron: … Continued
The schema files are not consistent in placing the English language annotation first – many have German first. This means that in some tools (XML Spy for example) elements show the German documentation in the GUI. Since FpML documentation is primarily in English this inconsistency should be fixed.
FpML uses URI’s to identify coding schemes, for example:
Products: InfoPath 2003 Excel 2003 Word 2003 – Type substitution is not fully supported. The InfoPath documentation describes that after SP1 all members are displayed as choices of the extension type in DataSource view. But this is not the working behavior (see attached document describing InfoPath issue). In Word 2003, when I select the FpML … Continued