Hi: Thank you for the good questions. FpML 5.x introduces the concept of views. A view presents a variation of the FpML schema targeted for a particular application. In FpML 5 there are two views: Confirmation and Reporting, as you’ve noted. You would choose one view over another depending on what type of application you’re implementing. – The confirmation view is a strict schema where most elements are mandatory. The product representation in the 5.x confirmation view is the same as in 4.8+ – The reporting view is a looser version of the schema where almost all the elements are optional by design. This is useful in situations where not all elements are known, or requirements vary e.g., reports. You pick and choose which fields you need for your application. – More views maybe added in the future. (these 2 views are derived from a master schema which is also avaiable for download, although that master schema is not meant to be used for direct implementation. One of the views should do the work for your purpose. In 4.8 there’s indeed a merged schema but we haven’t published a merged schema for 5.x. We may consider publishing one. Note that the standard schema (multiple XSD files) and merged schema (one XSD file) should be equivalent, of course. Hope this helps, let us know if anything else. Best, Lyteck ISDA / FpML
