FpML 5.3 Recommendation, 19 October 2012 Errata (Master View)

1 About this document

2 How this document is organized

3 Issues

3.1 Transparency View: fpml-com.xsd; fpml-asset.xsd -> Commodity product area

• ID: 1
• Date Added: 2012-08-02
• Severity: Minor
• Version: FpML-5-3-6-REC-1 (publication date - 2012-07-20) -> Transparency View
• Location: "http://www.fpml.org/FpML-5/transparency" - > fpml-com.xsd; fpml-asset.xsd-> CommodityProduct.model and potentially some other products’ area.
• Description: In the Transparency View, fpml-com.xsd; fpml-asset.xsd-> CommodityProduct.model. Some products, including but not limited to Commodity Products are still under review for requirements under the CFTC Part 43 (real-time reporting – which corresponds to FpML Transparency View schema set). In order to not cause delay to the publication of FpML 5-3 REC, which includes other critical areas related to the Regulatory Reporting (e.g. Confirmation, Reporting and Recordkeeping view), the Standards Committee voted in favor of the publication of FpML 5-3 Recommendation with an indication that the 5.4 Transparency view will most likely not be backward compatible with 5.3 Recommendation.
• Disposition: Non backward compatible changes in FpML-5-4's Transparency View are possible. A note will be added to FpML version 5.3 Recommendation indicating this.

• ID: 2
• Date Added: 2012-10-19
• Severity: Major
• Version: FpML-5-3-7-REC-2 (publication date - 2012-10-19) -> Transparency View
• Location: "http://www.fpml.org/FpML-5/transparency" and http://www.fpml.org/FpML-5/recordkeeping" - > fpml-eqd.xsd; eq-shared.xsd; fpml-dividend-swaps.xsd, fpml-correlation-swaps.xsd; fpml-variance-swaps.xsd; fpml-return-swaps.xsd; fpml-asset.xsd -> Equity products' related area.
• Description: In the Transparency and Recordkeeping Views, Equity products are still under review for requirements under Real-time and Regulatory reporting – which corresponds to FpML Transparency and Recordkeeping View schema sets. The Equity product changes in Transparency and Recordkeeping views will not be backward compatible with 5.3 Recommendation.
• Disposition: Non-backward compatible changes in FpML-5-4's Transparency and Recordkeeping Views are possible.

• ID: 3
• Date Added: 2013-03-25
• Severity: Minor
• Version: FpML-5-3-1-WD-1 (publication date - 2011-09-29) -> Recordkeeping View
• Location: "http://www.fpml.org/FpML-5/recordkeeping" - > fpml-com.xsd -> 'SettlementPeriods'.
• Description: In the Recordkeeping View, the "SettlementPeriods's" "startDate" element's status changed from "optional" to "mandatory". Rationale: Fix - to prevent the submission of the "endDate" without the "startDate". The change was agreed by the Commodity WG and approved by the Standards Committee on March-11-2013.
• Disposition: Non-backward compatible changes in added FpML-5-5-5-REC-1 Recordkeeping View.

• ID: 4
• Date Added:2012-04-24 (fpml-5-3-5-TR-1)
• Severity: Major
• Version: FpML-5-5-2-LCWD-1 (published on 2013-02-28)-> All Views
• Location: All Views- > fpml-generic.xsd schema -> Generic Product
• Description:Part 43 requires reporting on both the fixed as well as floating leg for the dayCountFraction element. The Standards committee agreed to the removal with the assumption that it would not break any critical implementation.
• Disposition:This Non-Backward Compatible change will be implemented in FpML-5-5-1-LCWD-1.A note will be added to FpML version 5.5 LCWD indicating this.

• ID: 5
• Date Added:2012-03-11 (fpml-5-5-4-TR-1)
• Severity: Minor
• Version: FpML-5-5-4-TR-1 (published on 2013-03-12)-> Transparency View.
• Location: Transparency View- > fpml-ird.xsd schema -> SettlementProvision
• Description:In-order to determine the notional currency for Non-deliverable IR swaps, settlementCurrency is required to be reported in the transparency View.The Standards committe and Reporting Working Group agreed this was an oversight and should have been added in the previous versions for reporting.
• Disposition:This Non-Backward Compatible change in the Transparency View will be implemented in FpML-5-5-4-TR-1.

• ID: 6
• Date Added: 2014-07-09
• Severity: Major
• Version: FpML-5-3-3-WD-3 (publication date - 2012-02-15) -> Transparency View
• Location: "http://www.fpml.org/FpML-5/transparency" - > fpml-com.xsd -> CommodityFinancialOption.model -> choice of CommodityStrikePrice and CommodityFloatingStrikePrice.model .
• Description: In the Transparency View, fpml-com.xsd -> CommodityOption -> CommodityFinancialOption.model -> CommodityStrikePrice or CommodityFloatingStrikePrice.model is required for CFTC Part 43 reporting.
• Disposition: This Non-Backward compatible change in the Transparency View has been implemented in FpML-5-7-5-REC-1 (publication date - 2014-07-08).

• ID: 7
• Date Added: 2014-07-09
• Severity: Major
• Version: FpML-5-3-4-LCWD-1 (publication date - 2012-03-21) -> Confirmation View
• Location: "http://www.fpml.org/FpML-5/confirmation" - > fpml-doc.xsd -> partyTradeInformation -> reportingRegime -> sequence of name and supervisorRegistration.
• Description: In the Confirmation View, supervisorRegistration is mandatory in error. It should be optional.
• Disposition: This Non-Backward compatible change in the Confirmation View has been implemented in FpML-5-7-5-REC-1 (publication date - 2014-07-08).

3.8 Made fra/indexTenor maxOccurs equals to 2

• ID: 8
• Date Added: 2019-12-17
• Severity: Major
• Version: FpML-5-10-5-REC-1 (publication date - 2018-02-12) -> All Views (except Legal); FpML-5-9-7-REC-2 (publication date - 2017-03-20) -> All Views (except Legal); FpML-5-8-9-REC-2 (publication date - 2016-07-26) -> All Views (except Pretrade and Legal); FpML-5-7-9-REC-4 (publication date - 2015-07-15) -> All Views (except Pretrade and Legal); FpML-5-6-8-REC-3 (publication date - 2015-07-15) -> All Views (except Pretrade); FpML-5-5-10-REC-3 (publication date - 2015-07-15) -> All Views (except Pretrade); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views; FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views; FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views; FpML-5-1-9-REC-3 (publication date - 2012-02-17) -> All Views; FpML-5-0-9-REC-2 (publication date - 2010-07-07) -> All Views
• Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||pretrade||transparency||reporting" - > fpml-ird.xsd -> Fra
• Description: Made fra/indexTenor maxOccurs equals to 2. This is to solve issue https://www.fpml.org/ticket/1030/. There is no business reason to produce more than two instances of fra/indexTenor. This change was approved by the Standards Committee on 2013 but it was not implemented.
• Disposition: This Non-Backward compatible change has been implemented in FpML-5-11-7-rec-1 (publication date - 2019-12-17) Build 7 (all views except legal).

3.9 Removed the version string from the external coding scheme URIs

• ID: 9
• Date Added: 2019-12-17
• Severity: Major
• Version: FpML-5-10-5-REC-1 (publication date - 2018-02-12) -> All Views (except Legal); FpML-5-9-7-REC-2 (publication date - 2017-03-20) -> All Views; FpML-5-8-9-REC-2 (publication date - 2016-07-26) -> All Views; FpML-5-7-9-REC-4 (publication date - 2015-07-15) -> All Views; FpML-5-6-8-REC-3 (publication date - 2015-07-15) -> All Views; FpML-5-5-10-REC-3 (publication date - 2015-07-15) -> All Views; FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views; FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views; FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views; FpML-5-1-9-REC-3 (publication date - 2012-02-17) -> All Views; FpML-5-0-9-REC-2 (publication date - 2010-07-07) -> All Views
• Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||pretrade||transparency||reporting" - > fpml-shared.xsd -> Currency; EntityId; EntityName; ExchangeId
• Description: Removed the version string from the external coding scheme URIs, which are implemented as default URIs in the FpML schema (see initial Issue ticket 1220.). The changes are backward-incompatible for those users who are using default URIs and have hard-coded their application to expect these values. The assumption is that not many implementers have constrained themselves in this way. Below is the list of the coding scheme URIs affecred by the change:
  • currencyScheme - http://www.fpml.org/coding-scheme/external/iso4217
  • entityIdScheme - http://www.fpml.org/coding-scheme/external/entity-id-RED
  • entityNameScheme - http://www.fpml.org/coding-scheme/external/entity-name-RED
  • exchangeIdScheme - "http://www.fpml.org/coding-scheme/external/exchange-id-MIC
• Disposition: This Non-Backward compatible change has been implemented in FpML-5-11-7-rec-1 (publication date - 2019-12-17) Build 7 (all views).

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