FpML Issues Tracker

1314: relatedParty/role (Custodian)

June 30, 2023

closed

Tweak

Have not tried

Architecture

AWG

MAZA

None

Summary

Good afternoon FpML experts.

 

I have a question about the element relatedParty in swaption FpML schema.

XPaths:

/dataDocument/trade/tradeHeader/partyTradeInformation/relatedParty/role

The system I use contains a "Custodian" field, which I need to map with the corresponding element from the FpML schema.

1) I would like to make sure whether this is the only place in the FpML schema (for swap/swaption) where it is possible to specify a Custodian?

2) I would also like to know which element from the schema can be used to store information about "Custody"? Unfortunately, I couldn't find one.

Thank you in advance.

Hope for cooperation as usual.

 

Best regards,

Maksym

Notes:

  • mgratacos

    07/06/23 3:50 am

    Hi,

    1) As you indicated FpML represents roles using the relatedParty/role structure. You can represent the Custodian with role=”Custodian” and the relatedParty pointing to the party performing the Custodian role. The party block referenced by the Custodian role will contain all the information related to custodian.

    2) What do you mean by Custody information?

    Hope this helps.

  • MAZA

    07/06/23 10:00 am

    Hi,

    Thank you for such clarification, it really helped me.

     I mean that, if there is any place in FpML for defining e.g.: Custody information account details, name, number, account type, etc. ?

    Regards, Maksym

  • MAZA

    07/06/23 10:45 am

    I have found the element “account”, in PartiesAndAccounts.model.

    It may looks like:

    <account id=”account_1″>
    <accountId>USA1234567890EXAMPLE</accountId>
    <accountName>CUSTODY_ACCOUNT</accountName>
    <accountBeneficiary href=”party1″></accountBeneficiary>
    </account>

    and also found the place for refferencing to this account in TradeIdentifiers.model.

    <partyTradeIdentifier>
    <partyReference href=”party1″/>
    <accountReference href=”account_1″/>
    <tradeId tradeIdScheme=”http://www.partyA.com/trade-id”>123</tradeId>
    </partyTradeIdentifier>

    Is it allowed to use these elements for placing  “Custody information account details, name, number, account type, etc. ” ?

    Regards, Maksym

  • mgratacos

    07/15/23 5:39 pm

    Hi Maksym,

    This is correct and allowed, yes. Thanks.

  • MAZA

    07/18/23 11:31 am

    Hi Marc,

    Thank you for help.

    We can close the ticket.

    Best regards,

    Maksym

    • Leave an update

    You must be logged in to post an update.

    Report an Issue

    The FpML Issues Tracker is designed to facilitate public interaction in the standard.

    By registering you will be able to submit corrections and comments, generate reports, and view the complete issues archive for FpML.

    Report Issue