Transition to HTTPS July 19 – Be advised that the FpML website has transitioned to secure HTTP on July 19. URLs are now forwarded to HTTPS automatically. Please make sure you update any internal implementation relying on HTTP URLs accordingly. For further information please email firstname.lastname@example.org
November 30, 2022
ISDA publishes FpML 5.13 First Working Draft (build 1)
NEW YORK, November 30, 2022 - The International Swaps and Derivatives Association, Inc. (ISDA) published the First Working Draft for Financial products Markup Language (FpML) version 5.13 and a new set of Coding Schemes version 2-11.
Cross Asset Class Product Work - Interest Rate Work Stream:
Added new examples for inflation swaps in Brazil and Chile, and a total return swaps with calculation parameters.
Documentation - Equity Products:
Added CFD and Portfolio Swap in the scope definition.
Documentation - Business Process:
Added Change Events section in Business Process Architecture.
Architecture Business Process Work
New support for Credit Events:
Added complex type CreditChangeEventBase.
Added Added complex type CreditChangeEvent.
Cardinality of element payment in complex type TradeChangeComponent set to unbounded.
Added element creditChangeEvent.
Added complex type CreditEventType.
Added simple type CashOrPhysicalSettlementEnum.
Added complex type CreditEventIndexReferenceInformation.
Regulatory Reporting: support for CFTC Rules Rewrite
5.13 WD1 is the version that regulatory reporting implementations can use, as far as complete CFTC Rewrite support is concerned.
Added element postPricedIndicator into ReportingRegime complex type (transparency view).
Added group EndUserException.model, containing previous choice structure.
Cardinality for endUserExceptionReason in EndUserException.model changed to unbounded.
Choice structures containing endUserException, endUserExceptionReason and endUserExceptionDeclaration replaced by EndUserException.model.
Added EndUserException.model to ReportingRegime complex type to make it jurisdiction specific.
Deprecated EndUserException.model from type PartyTradeInformation.
Updated the description of the element submittedForClearing in type TradeProcessingTimestamps.
Additional CFTC fields supported with this version (in addition to all the fields previously available in FpML 5.12)
Support for CFTC fields 23/24 - Counterparty federal entity indicator (recommend using party/organizationType).
Support for CFTC fields 16/17 - Counterparty financial entity indicator (recommend using reportingRegime/partyEntityClassification).
Support for CFTC field 68 - Post-priced swap indicator (existing partyTradeInformation field made available in Transparency view).
Support for CFTC fields 11/12 - Clearing exceptions and exemptions counterparty (copied endUserExceptionReason structure inside reportingRegime, made endUserExceptionReason unbounded, deprecated the choice group in partyTradeInformation, in favor of the new structure in reportingRegime).
Support for CFTC field 47 - Package price (recommend using quote structure).
Support for CFTC field 10 - Clearing receipt timestamp (recommend using partyTradeInformation/timestamps/submittedForClearing).
Support for TR field to support CFTC - SD / MSP indicator (recommend using party/organizationType).
Set of examples:
See Recordkeeping view examples/products/record-ex654 through record-ex659.
See Transparency view examples/products/trans_ex43_cftc_rewrite_post_priced_indicator.xml
New Coding Schemes Catalog 2-11
ISDA has also published a new basic and enhanced coding-scheme catalog versions 2-11.
FpML is the industry standard for derivatives and complex products. A recommendation is the final step in the development process of a version. The latest version of the open-source standard is available on the FpML website: www.fpml.org.