Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the Day Count Convention Description Enhancements Proposal. The purpose of this gap analysis is to enhance the FIX Protocol to update the naming and description of day count methods to harmonize with the ISDA 2006 definitions, which are the most reliable standard in the market. Additionally, the list of day count methods is enhanced by the introduction of the Act/364 method and a flat identifier.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal and the presentation slide can be found at:
http://www.fixtradingcommunity.org/pg/file/fplpo/read/2394925/fix-protocol-gap-analysis-proposal-day-count-convention-description-enhancement
The public comment period ends on May 14th, 2015.