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General FpML Discussion Technical & Implementation Questions FpML 5.x – differences between Confirmation & Reporting

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    anilchonalal
    Spectator

    Hi, I would like to know the main differences between Confirmation and Reporting. I understand that the confirmation view is a strict schema where you have more mandatory elements. Whereas, the reporting view is a looser version of the schema where most elements are optional. Is this assumption correct? Also regarding RecordKeeping and Transparency, what are the main differences between those and Reporting? If we use Reporting will it contain all the elements required by RecordKeeping and Transparency? Cheers. Anil

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