Technical data standards bind business data standards to a specific technical representation.
This technical data standard binds the party relationship name business data standard to an XML schema representation.
The name by which a Party wishes to be known to another Party in the context of a relationship between the 2 Parties. For example, a woman may choose to use her maiden name in the context of her work for an employer; or a person could choose to use a 'stage name' in the context of his/her relationship with his/her agent.
This is version 3.0, it replaces v2.0 of the standard.