FpML Issues Tracker

938: New “ACT/365L” Day Count Fraction coding scheme value required

June 2, 2009

closed

Feature

N/A

Coding Scheme

ggurden2008

mgratacos

Summary

ISDA is in the process of publishing Supplement number 14 to the 2006 ISDA Definitions. A draft is published at http://www.magnetmail.net/images/clients/ISDA/attach/SUPP14DayCountFractionandminoramendmentFINALCLEAN060109.doc

This supplement includes the addition of a new day count fraction "Act/365L".

A new Day Count Fraction coding scheme value is required as a result.

The FpML code value should be "ACT/365L" and the code value description should be "Per 2006 ISDA Definitions, Section 4.16. Day Count Fraction, paragraph (i)."

Notes:

  • iyermakova

    06/02/09 5:38 pm

    The Day Count Fraction coding scheme has been updated with:
    “ACT/365L” – “Per 2006 ISDA Definitions, Section 4.16. Day Count Fraction, paragraph (i).”
    The scheme was published – http://www.fpml.org/coding-scheme/day-count-fraction-2-2.xml

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