FpML Version 4.0 Trial Recommendation,
10 Dec 2003 Errata
About this document
This document
lists the known errata to the FpML Version 4.0 Trial
Recommendation.
How this document is organized
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.
The following issues are known in the FpML 4.0 trial recommendation.
openUnits should be optional
- ID: 1
- Date Added: 2004-02-18
- Severity: Medium
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-asset-4-0.xsd
Description:
The "openUnits" tag in the "SingleUnderlyer" element should be optional. It applies only for equity swaps, not equity options.
Disposition:
This will be corrected in the Recommendation.
calculationAgent in MandatoryEarlyTermination
- ID: 2
- Date Added: 2004-02-18
- Severity: Medium
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-ird-4-0.xsd
Description:
The "calculationAgentPartyReference" tag appears directly under the "mandatoryEarlyTermination" element. In previous versions, it was held inside a "calculationAgent" tag, for consistency with other places in the spec.
Disposition:
This tag will be reintroduced in the Recommendation.
IR Cap examples
- ID: 3
- Date Added: 2004-02-18
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: ird_example_23.xml, ird_example_24.xml, ird_example_25.xml
Description:
Examples 23-25 have some minor unintended differences from version 2.0.
Disposition:
This will be corrected in the Recommendation.
RequestQuote
- ID: 4
- Date Added: 2004-03-15
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-msg-4-0.xsd
Description:
The 'party' elements should have cardinality * and not +. (A request for a two way FX quote does not contain any party information. Its only needed when bid or ask is explicitly requested.
Disposition:
This will be corrected in the Recommendation.
QuotablePayment
- ID: 5
- Date Added: 2004-03-15
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-msg-4-0.xsd
Description:
The paymentAmount element should be optional (if you don't want to specify a potential contract size).
Disposition:
This will be corrected in the Recommendation.
quotableFxSingleLeg
- ID: 6
- Date Added: 2004-03-15
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-msg-4-0.xsd
Description:
The definition of its substitution group has gone missing. It should be a substitute for 'quotableProduct'.
Disposition:
This will be corrected in the Recommendation.
businessCenterScheme
- ID: 7
- Date Added: 2004-03-17
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: http://www.fpml.org/spec/2003/tr-fpml-4-0-2003-12-10/html/fpml-4-0-schemes.html
Description:
The scheme value “SGSI FpML Warsaw” should be changed to “SGSI FpML Singapore”.
Disposition:
This has been corrected in the Trial Recommendation.
Description of firstNotionalStepDate is not clear
- ID: 8
- Date Added: 2004-03-25
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-ird-4-0.xsd
Description:
The description is not clear. Change description to: "effective date of the first change in notional (i.e. a calculation period start date)"
Disposition:
This will be corrected in the Recommendation.
Description of lastNotionalStepDate is not clear
- ID: 9
- Date Added: 2004-03-25
- Severity: Low
- Version: tr-fpml-4-0-2003-12-10
- Location: fpml-ird-4-0.xsd
Description:
The description is not clear. Change description to: "effective date of the last change in notional (i.e. a calculation period start date)"
Disposition:
This will be corrected in the Recommendation.
Last updated on: 25 March, 2004