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| # _Infrastructure - Dependency Update_ | ||
| # _Product Model_ - Security Finance trade types | ||
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| _Background_ | ||
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| The Asset Refactoring initiative (see [#2805](https://github.com/finos/common-domain-model/issue/2805)) is seeking to improve the Product Model to address some long-standing issues and to ensure the continued extensibility to additional financial products and markets. A proposal has been agreed - through a cross-industry Task Force - to implement this remodelling in the CDM. | ||
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| This release includes two minor adjustments following three planned major tranches of work in CDM 6 to implement the refactored model. | ||
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| _What is being released?_ | ||
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| This release updates the rune dependencies. | ||
| An optional attribute exists on the `AssetPayout` data type to uniquely identify the different types of securities financing trade types, such as a repurchase transaction or a buy/sell-back. The name of this attribute has been updated to have a broader potential scope and not limit just to repos. Specifically, the attribute `repoType` has been renamed to `tradeType` and its data type has been renamed from `RepoTypeEnum` to `AssetPayoutTradeTypeEnum`. The values of the enumerator have not been changed. | ||
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| Version updates include: | ||
| - DSL 9.22.0: handle null for `min` and `max` operations. For further details see DSL release notes: https://github.com/finos/rune-dsl/releases/tag/9.22.0 | ||
| - FpML Coding Scheme `11.25.1`: support for latest version (v2.20). | ||
| The FINOS CDM documentation for the securities lending use case has been corrected; it was not correctly showing the remodelled use of AssetPayout that was implemented as a result of the Asset Refactor Taskforce. | ||
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| _Review directions_ | ||
| _Backward-incompatible changes_ | ||
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| This release contains changes that are not backward-compatible: | ||
| - Rename the `repoType` to `tradeType` on `AssetPayout`. | ||
| - Rename `RepoTypeEnum` to `AssetPayoutTradeTypeEnum`. | ||
| - The two product qualification functions have been updated to use the new names: | ||
| - `Qualify_RepurchaseAgreement` | ||
| - `Qualify_buySellBack`. | ||
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| In Rosetta, select the Textual Browser and inspect changes due to the FpML code scheme update: | ||
| - `FloatingRateIndexEnum` has values added: | ||
| - `EUR_EuroSTR_ICE_Swap_Rate` | ||
| - `IDR_INDONIA` | ||
| - `IDR_INDONIA_OIS_Compound` | ||
| - `PHP_ORR` | ||
| - `USD_SOFR_ICE_Swap_Rate_Spreads` | ||
| _Review directions_ | ||
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| The changes can be reviewed in PR: [#3261](https://github.com/finos/common-domain-model/pull/3261) | ||
| The changes can be reviewed in PR: #3267 or in Rosetta. |