Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: standardProduct
Namespace: http://www.fpml.org/FpML-5/confirmation
Type: nsA:StandardProduct
Containing Schema: fpml-standard-5-10.xsd
Abstract
Documentation:
Standard products - for use in Transparency reporting to define a product that represents a standardized OTC derivative transaction whose economics do not need to be fully described using an FpML schema because they are implied by the product ID. In other views, standard products are present for convenience to support internal messaging and workflows that are cross-product. Standard products are not full trade representations as such they are not intended to be used for confirming trades.
Collapse XSD Schema Diagram:
Drilldown into quote in schema fpml-standard-5-10_xsd Drilldown into notional in schema fpml-standard-5-10_xsd Drilldown into assetClass in schema fpml-shared-5-10_xsd Drilldown into productId in schema fpml-shared-5-10_xsd Drilldown into productType in schema fpml-shared-5-10_xsd Drilldown into secondaryAssetClass in schema fpml-shared-5-10_xsd Drilldown into primaryAssetClass in schema fpml-shared-5-10_xsd Drilldown into Product.model in schema fpml-shared-5-10_xsd Drilldown into id in schema fpml-shared-5-10_xsd Drilldown into Product in schema fpml-shared-5-10_xsd Drilldown into StandardProduct in schema fpml-standard-5-10_xsdXSD Diagram of standardProduct in schema fpml-standard-5-10_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="standardProduct" type="StandardProduct" substitutionGroup="product">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Standard products - for use in Transparency reporting to define a product that represents a standardized OTC derivative transaction whose economics do not need to be fully described using an FpML schema because they are implied by the product ID. In other views, standard products are present for convenience to support internal messaging and workflows that are cross-product. Standard products are not full trade representations as such they are not intended to be used for confirming trades.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
primaryAssetClass nsA:primaryAssetClass 0 (1)
secondaryAssetClass nsA:secondaryAssetClass 0 unbounded
productType nsA:productType 0 unbounded
productId nsA:productId 0 unbounded
assetClass nsA:assetClass 0 unbounded
notional nsA:notional 0 (1)
quote nsA:quote 0 unbounded
Collapse Child Attributes:
Name Type Default Value Use
id nsA:id (Optional)
Collapse Derivation Tree:
Collapse References:
nsA:product
Documentation for Financial products Markup Language (FpML®)

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