FpML 5.8 Recommendation, 26 July 2016 Errata (Master View)
1 About this document
2 How this document is organized
3 Issues
4 Build Number
This document lists the known errata to the FpML 5.8 Recommendation, 26 July 2016.
Each erratum entry below has the following information:
- A unique entry number.
- The date that it was added to the errata page.
- Whether the entry is considered an important error, a minor typographical error, a clarification, or a known problem with the document itself.
- The document version and section referred to.
- The location of the error.
- A description of the problem and correction if applicable.
- When the error is going to be fixed and whether it affects the build number.
The document publishes the build number.
The following issues are known in the FpML 5.8 Recommendation, 26 July 2016:
- ID: 1
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal and Pretrade Views); FpML-5-7-9-REC-4 (publication date - 2015-06-15) -> All Views (except Legal and Pretrade Views); FpML-5-6-8-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-5-10-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views (except Pretrade View); FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views (except Pretrade View); FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views (except Pretrade View); FpML-5-1-9-REC-3 (publication date - 2012-10-19) -> All Views (except Pretrade View)
- Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||transparency||reporting " - > fpml-eq-shared.xsd -> CalculationFromObservation.model -> choice of [ sequence (of InitialLevel and initialLevelSource) and initialLevelSource.]
- Description: Within CalculationFromObservation type: Instead of sequence (of optional InitialLevel and optional initialLevelSource) which could be empty, create a choice of [mandatory InitialLevel and optional initialLevelSource] and mandatory initialLevelSource. The first branch would be used only for AgreedInitialPrice. If initiallevel is present this would infer AgreedInitialPrice, initialLevelSource= AgreedInitialPrice can be optionally provided for clarity. The second branch would be used for elections other than AgreedInitialPriceprice.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||transparency||reporting views has been implemented in FpML-5-9-1-wd-1 (publication date - 2015-07-15) Build 1.
- ID: 2
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal and Pretrade Views); FpML-5-7-9-REC-4 (publication date - 2015-06-15) -> All Views (except Legal and Pretrade Views); FpML-5-6-8-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-5-10-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views (except Pretrade View); FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views (except Pretrade View); FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views (except Pretrade View); FpML-5-1-9-REC-3 (publication date - 2012-10-19) -> All Views (except Pretrade View)
- Location:"http://www.fpml.org/FpML-5/confirmation||recordkeeping||transparency||reporting" - > fpml-eq-shared.xsd -> extraordinaryEvents type
- Description: Within extraordinaryEvents type, deprecated tenderOffer Boolean element in favor of using just tenderOfferEvents. Documented the tenderOfferEvents usage, as “If tenderOfferEvents is NOT provided, No Tender Offer is applicable. If provided, Tender Offer is applicable, all events within EquityCorporateEvents type are turned on and the consequences must be provided.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||transparency||reporting views has been implemented in FpML-5-5-10-REC-3 (publication date - 2015-07-15) Build 3.
- ID: 3
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal and Pretrade Views); FpML-5-7-9-REC-4 (publication date - 2015-06-15) -> All Views (except Legal and Pretrade Views); FpML-5-6-8-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-5-10-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views (except Pretrade View); FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views (except Pretrade View); FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views (except Pretrade View); FpML-5-1-9-REC-3 (publication date - 2012-10-19) -> All Views (except Pretrade View)
- Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||transparency||reporting" - > fpml-eq-shared.xsd -> EquityValuation. Grouped into an optional choice elements: futuresPriceValution and optionsPriceValuation
- Description: Within EquityValuation, grouped into an optional choice elements: futuresPriceValution and optionsPriceValuation. Rationale: they should be mutually exclusive as they both answer the same question.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||transparency||reporting views has been implemented in FpML-5-8-9-REC-2 (publication date - 2016-06-26) Build 2.
- ID: 4
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal and Pretrade Views); FpML-5-7-9-REC-4 (publication date - 2015-06-15) -> All Views (except Legal and Pretrade Views); FpML-5-6-8-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-5-10-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views (except Pretrade View); FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views (except Pretrade View); FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views (except Pretrade View); FpML-5-1-9-REC-3 (publication date - 2012-10-19) -> All Views (except Pretrade View)
- Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||transparency||reporting" - > fpml-correlation-swap.xsd & fpml-variance-swap.xsd -> NettedSwapBase -> renamed the classifiedPayment (of type classifiedPayment) to classifiablePayment (of type ClassifiablePayment).
- Description: Within NettedSwapBase -> renamed the classifiedPayment (of type classifiedPayment) to classifiablePayment (of type ClassifiablePayment). Rationale: Correction of the name to precise business definition. One can choose not to classify it.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||transparency||reporting views has been implemented in FpML-5-9-1-wd-1 (publication date - 2015-07-15) Build 1.
- ID: 5
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal & transparency);
- Location:"http://www.fpml.org/FpML-5/confirmation||recordkeeping||pretrade||reporting" - > fpml-fx-accruals.xsd -> FxAccrualRegion -> FxAccrualRegionBound.model
- Description: Made the FxAccrualRegionBound.model within FxAccrualRegion required for most of the views.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||pretrade||reporting views has been implemented in FpML-5-9-1-wd-1 (publication date - 2015-07-15) Build 1.
- ID: 6
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> Pretrade View
- Location: "http://www.fpml.org/FpML-5/pretrade" - > fpml-cd.xsd| fpml-doc.xsd | fpml-enum.xsd | fpml-fx.xsd | fpml-ird.xsd | fpml-option-shared.xsd | fpml-shared.xsd | fpml-volatility-swaps.xsd -> ETTF/FIX Working Group models .model
- Description: Adding back the ETTF/FpML-FIX Collaboration Working Group models for Interest Rate Swap and Credit Default Swap results in non-backward compatible changes in the pre-trade view. This should be viewed as fixes of existing flaws in the schema since the models were too loose for these products.
- Disposition: This Non-Backward compatible change in the pretrade view has been implemented in FpML-5-9-1-wd-1 (publication date - 2015-07-15) Build 1.
- ID:7
- Date Added: 2016-11-18
- Severity: Major
- Version: FpML-5-8-9-REC-2 (publication date - 2016-06-26) -> All Views (except Legal & Pretrade); FpML-5-7-9-REC-4 (publication date - 2015-06-15) -> All Views (except Legal and Pretrade Views); FpML-5-6-8-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-5-10-REC-3 (publication date - 2015-06-15) -> All Views (except Pretrade View); FpML-5-4-6-REC-2 (publication date - 2013-08-13) -> All Views (except Pretrade View); FpML-5-3-9-REC-2 (publication date - 2012-10-19) -> All Views (except Pretrade View); FpML-5-2-6-REC-2 (publication date - 2012-02-17) -> All Views (except Pretrade View); FpML-5-1-9-REC-3 (publication date - 2012-10-19) -> All Views (except Pretrade View)
- Location: "http://www.fpml.org/FpML-5/confirmation||recordkeeping||transparency||reporting" - > fpml-generic.xsd -> nonSchemaProduct
- Description: Removed the deprecated nonSchemaProduct from the schema to avoid any confusion with the existing genericProduct. The removal was agreed by the FpML Standards Committee on January 25, 2016.
- Disposition: This Non-Backward compatible change in the confirmation||recordkeeping||transparency||reporting views has been implemented FpML-5-9-3-wd-3 (publication date - 2016-01-29) Build 3.
- 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).
- 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).
- ID: 10
- Date Added: 2019-12-17
- Severity: Major
- Version: FpML-5-10-5-REC-1 (publication date - 2018-02-12) -> Confirmation View; FpML-5-9-7-REC-2 (publication date - 2017-03-20) -> Confirmation View; FpML-5-8-9-REC-2 (publication date - 2016-07-26) -> Confirmation View
- Location: "http://www.fpml.org/FpML-5/confirmation" - > fpml-loan.xsd
- Description: There are significant changes in version 5.11 that are non-backward compatible with earlier versions of FpML. For more details see the Syndicated Loan changes in 5.11.
- **NOTE: The Loan FpML working group feels strongly that the changes are warranted, despite the fact that it means significant incompatibility with 5.10. To date, the working group is not aware of any market implementations of 5.10 (or any other version 5 specification), so the working group does not anticipate there will be any actual real-world negative impacts caused by these changes.
- Disposition: This Non-Backward compatible change has been implemented in FpML-5-11-7-rec-1 (publication date - 2019-12-17) Build 7 (Confirmation view).
- ID: 11
- Date Added: 2020-07-28
- Severity: Major
- Version: (Confirmation) FpML-5-10-5-REC-1; FpML-5-9-7-REC-2; FpML-5-8-9-REC-2; FpML-5-7-9-REC-4; FpML-5-6-8-REC-3
- Location: "http://www.fpml.org/FpML-5/confirmation" - > fpml-shared.xsd -> RateObservation -> observationWeight
- Description: Made observationWeight optional within RateObservation. Having observationWeight required was making implementations more difficult since in most cases the value is always set to one and it doesn't have to be populated.
- Disposition: This backward compatible change has been implemented in FpML-5-11-9-rec-1 (Confirmation view) and FpML-5-5-11-rec-3 (Confirmation view). However it has not been implemented yet in the versions in between 5.5 and 5.11, creating backward incompatibility for those who want to update their version from FpML-5-5-11-REC-3 to any versions between 5.5 and 5.10. If a firm has the need for this change to be included in one of the intermediate versions, please send an email to info@fpml.org
- ID: 12
- Date Added: 2020-07-28
- Severity: Major
- Version: (Recordkeeping) FpML-5-10-5-REC-1; FpML-5-9-7-REC-2; FpML-5-8-9-REC-2; FpML-5-7-9-REC-4; FpML-5-6-8-REC-3
- Location: http://www.fpml.org/FpML-5/recordkeeping -> fpml-business-events.xsd
- Description: In order to support EMIR REFIT Mandatory Delegated Reporting requirements, the category element was added to the WithdrawalPartyTradeInformation type. The information needed to be made available in the withdrawal message for compliance with regulators, because some Trade Repositories (TRs) use that to determine how to report the withdrawal to the regulators.
- Disposition: This backward compatible change has been implemented in FpML-5-11-9-rec-1 (Recordkeeping view) and FpML-5-5-11-rec-3 (Recordkeeping view). However it has not been implemented yet in the versions in between 5.5 and 5.11. If a firm has the need for this change to be included in one of the intermediate versions, please send an email to info@fpml.org
The current build number for FpML 5.8 Recommendation, 26 July 2016. is: 9
Every time there is a change on the schema, validation rules, or examples within a version the actual build number is incremented. If no changes have been made between releases within a version (i.e. from Trial Recommendation to Recommendation) the actual build number stays the same. The build number is published at:
- This errata page
- First page of the specification
- FpML Schema: actualBuild attribute within fpml-doc subschema file.
Last Updated: Mon 07 11 2016 16:50:45.52
