FpML Document Validation
Ensuring FpML documents make business sense
An XML document that validates against its DTD or XML schema may still contain a
number of 'semantic' errors. An XML parser is capable of ensuring that individual
values match thier defined data type and that internal references are satisfied
but its does not check relationships between data values (e.g. effective date must
be before termination date) or the overall document structure.
The design of the FpML grammars makes them far too complicated to be fully validated
by the XML parser alone and some additional technology is required to implement
the business rules which define the semantic constraints.
The validation portion of the HandCoded toolkit implements all the business validation
rules defined by ISDA for FpML. Where appropriate these rules have been adjusted
to allow them to apply to earlier FpML releases.
|
|
1.0 |
2.0 |
3.0 |
4.0-4.3 |
4.4-4.9 |
5.0-5.x* |
|
FpML Rules |
|
|
|
|
|
|
|
- IRD |
Y |
Y |
Y |
Y |
Y |
Y |
|
- EQD |
- |
- |
- |
Y |
Y |
Y |
|
- CDS |
- |
- |
- |
Y |
Y |
Y |
|
- FX(+) |
- |
- |
Y |
Y |
Y |
Y |
|
- Loans |
- |
- |
- |
- |
Y |
Y |
|
- Process |
- |
- |
- |
Y |
Y |
Y |
|
- Reference |
Y |
Y |
Y |
Y |
Y |
Y |
|
- Shared |
Y |
Y |
Y |
Y |
Y |
Y |
|
Additional Rules |
|
|
|
|
|
|
|
- Data Types (for DTDs) |
Y |
Y |
Y |
- |
- |
- |
|
- Schemes |
Y |
Y |
Y |
Y |
Y |
Y |
(*) The toolkit supports validation of confirmation view
documents.
(+) The FX rules support both the original and revised
product models.
In additional we have provided data type validation
for DTD based documents, additional referential integrity checks and support for
all standard FpML code value schemes (and a few others like ISO country codes).
The validation toolkit provides populated rule sets containing all the standard
and extended rules which can be customised and combined with custom user rules to
make them specific to a particular institution or system.