LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Technical update

Diligent LIXI-watchers will have noticed that a substantial number of change requests have been submitted for consideration in the CAL 1.3 release over and above the changes submitted by the Settlements Working Group. While it is great to have this level of input these additional change requests will require significantly more work from the Vocabulary Working Group in order to ensure that CAL continues to meet member’s needs.

As a consequence the LIXI Board has approved the following development and release strategy:

  • The release of CAL 1.3 will be delayed.
  • In the interim the Vocab WG will address the settlements work first and will generate a Settlement Instruction Schema that can be used by developers and/or settlement agents to begin work on CAL-compliant settlements systems while the rest of the work on CAL 1.3 is completed.
  • Change requests will be accepted for CAL 1.3 up to COB January 30, 2004. All LIXI members are invited to contribute and are reminded that this may be their last chance to change CAL for some time.
  • A Request For Comments draft of CAL 1.3 is scheduled for release no later than March 1, 2004.
  • CAL 1.3 is scheduled for release in early April 2004, with the precise date dependent upon the feedback received from the RFC process.

It is intended that CAL 1.3 will be released both as DTD’s (as has been the case with earlier releases) and as an XSD schema, which should allow us to move towards a significantly “tighter” standard with less ambiguity. In conjunction with the “enhanced backchannel” and commissions work already well underway this should mean that we can all look forward to some major steps forward in the practicality and functionality of LIXI-based systems in the coming year.


Chair – LIXI Technical Sub-committee


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