Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: beneficiary
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:PartyRole
Containing Schema: fpml-doc-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
The party that suffers the economic effect of the trade. This is usually referred to as the primary Principal in FIX and ISO20022 - which is slightly confusing in that there are potentially many Princiapal/Agency relationships. The beneficiary may be distinct from the creditor - an example is a Hedge Fund trading in the name of it's Prime Broker.
Collapse XSD Schema Diagram:
Drilldown into account in schema fpml-doc-4-4_xsd Drilldown into party in schema fpml-doc-4-4_xsd Drilldown into PartyRole in schema fpml-doc-4-4_xsdXSD Diagram of beneficiary in schema fpml-doc-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="beneficiary" type="PartyRole" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The party that suffers the economic effect of the trade. This is usually referred to as the primary Principal in FIX and ISO20022 - which is slightly confusing in that there are potentially many Princiapal/Agency relationships. The beneficiary may be distinct from the creditor - an example is a Hedge Fund trading in the name of it's Prime Broker.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
party fpml:party (1) (1)
account fpml:account (1) (1)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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