Contains a code representing a related party role. This can be extended to provide custom roles.
2016-06-13
partyRoleScheme
3-6
http://www.fpml.org/coding-scheme/party-role
http://www.fpml.org/coding-scheme/party-role-3-6
http://www.fpml.org/coding-scheme/party-role-3-6.xml
Code
63
Source
Description
key
Accountant
FpML
Organization responsible for preparing the accounting for the trade.
AllocationAgent
FpML
The organization responsible for supplying the allocations for a trade to be allocated to multiple accounts/organizations.
ArrangingBroker
FpML
The organization that arranged the trade, i.e. brought together the counterparties. Synonyms/Alternatives: Inter-dealer broker, agent.
Beneficiary
FpML
Organization that suffers the economic benefit of the trade. The beneficiary may be distinct from the principal/counterparty - an example occurs when a hedge fund trades via a prime broker; in this case the principal is the prime broker, but the beneficiary is the hedge fund. This can be represented as a payer/receiver account in the name of the hedge fund, but it is also possible to add the party role of "Beneficiary" at the partyTradeInformation level.
BookingParty
FpML
The entity for which the organization supporting the trade's processing has booked/recorded the trade. This is used in non-reporting workflows situations in which the trade doesn't need to be reported but a firm still wants to specify their own side.
Buyer
FpML
Acquirer of the legal title to the financial instrument. In the case of of an option, it will be the holder of the option. In the case of a swap or forward, the seller will be determined by market convention.
ClearingClient
FpML
An organization that clears trades through a clearing house, via a clearing broker (member of the clearing house) who acts as an agent on its behalf. The term "client" refers to the organization's role in the clearing process in relation to its clearing broker, and not whether it is a price maker or taker in the execution process.
ClearingExceptionParty
FpML
A party to the trade that claims a clearing exception, such as an end-user exception under Dodd-Frank Act provisions.
ClearingFirm
FpML
Organization that submits the trade to a clearing house on behalf of the principal. Synonyms/alternates: Futures Commission Merchant (FCM), Clearing Broker, Clearing Member Firm. Some implementations use "Clearing Broker" as synonym.
ClearingOrganization
FpML
The organization that acts as a central counterparty to clear a derivatives contract. This is used to represent the role of Central Counterparties (CCPs) or Derivative Clearing Organizations (DCOs). Sometimes called "ClearingService". Some implementations also use the term "Clearer".
Client
FpML
Client as defined under ESMA MIFIR. This is generally the investor or other client of an investment firm, and is synonymous with the Beneficiary in many circumstances.
ClientDecisionMaker
FpML
The party or person who, having legal authority to act on behalf of a trade counterparty, made the decision to acquire or sell the financial instrument.
ConfirmationPlatform
FpML
Organization serving as a financial intermediary for the purposes of electronic confirmation or providing services for post-processing of transactional data.
ContractualParty
FpML
A party to a contractual document. If the intended usage relates to the context of the trade lifecycle, more specific annotations have been defined which might be more appropriate.
Counterparty
FpML
An economic counterparty to the trade. Synonym: principal.
CounterPartyAffiliate
FpML
Organization offiially attached to the counterparty. e.g. partner, branch, subsidiary.
CounterPartyUltimateParent
FpML
The topmost entity or organization, within the corporate hierarchy, responsible for the reporting party.
CreditSupportProvider
FpML
Organization that enhances the credit of another organization (similar to guarantor, but may not fully guarantee the obligation).
Custodian
FpML
Organization that maintains custody of the asset represented by the trade on behalf of the owner/principal.
DataSubmitter
FpML
Entity submitting the transaction report to the competent authority.
DisputingParty
FpML
Organization that is disputing the trade or transaction.
DocumentRepository
FpML
A marketplace organization which purpose is to maintain document records. If the intended usage relates to the context of the trade lifecycle, more specific annotations have been defined which might be more appropriate.
ExecutingBroker
FpML
The (generally sell-side) organization that executed the trade; the price-making party.
ExecutingEntity
FpML
Entity executing the transaction. If the transaction is executed directly by the reporting party, it will be the reporting party. If it is executed by an execution agent or an affiliated party on behalf of the reporting party, it will be that affiliate or agent.
ExecutionAgent
FpML
The (generally buy-side) organization that acts to execute trades on behalf of an investor. Typically this is an investment manager or asset manager, and also makes the investment decisions for the investor. If required, a separate InvestmentDecision role can be specified to distinguish that the party making the investment decision is different.
ExecutionFacility
FpML
The facility, exchange, or market where the trade was executed. Synonym: Swap Execution Facility, Designated Contract Market, Execution Venue.
Guarantor
FpML
Organization that backs (guarantees) the credit risk of the trade.
OrderTransmitter
FpML
The entity transmitting the order to the reporting firm. Synonym: Transmitting Firm.
PrimeBroker
FpML
The organization that takes on or took on the credit risk for this trade by stepping in between the two economic parties (without a central counterparty clearing mechanism).
PriorTradeRepository
FpML
The trade repository at which the trade was reported previous to the current trade repository.
PublicationVenue
FpML
The reporting service (whether trade repository, market data service, or exchange/facility/venue data distribution service) that published the report of this trade.
ReportingParty
FpML
The party with the regulatory responsibility to report this trade.
ReportingPartyAffiliate
FpML
Organization offiially attached to the reporting party e.g. partner, branch, subsidiary.
ReportingPartyUltimateParent
FpML
The topmost entity or organization, within the corporate hierarchy, responsible for the reporting party.
Seller
FpML
Seller of the legal title to the financial instrument. In the case of of an option, it will be the writer of the option. In the case of a swap or forward, the seller will be determined by market convention.
SettlementAgent
FpML
The organization that makes or receives payments on behalf of the given principal party.
TradeRepository
FpML
An organization that maintains records of the trade for regulatory reporting purposes.
TradeSource
FpML
The organization that originally supplied the record of the trade.
TradingManager
FpML
The entity responsible for managing the assets/investments of this party. Synonnym: Asset Manager, Investment Manager, Trading Advisory.
TradingPartner
FpML
An entity with which this party trades from time to time, ie. with which it acts as a counterparty on some transactions. This role is used for static reference data, not individual transactions.