diff --git a/libpsm2-10.2.2.tar.gz b/libpsm2-10.2.2.tar.gz
deleted file mode 100644
index 409c12f..0000000
--- a/libpsm2-10.2.2.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:9ccaee3b735be70cfa33414f5f6d24fd79169d114171ef84f95dc38c7350aee4
-size 389465
diff --git a/libpsm2-10.3.1.tar.gz b/libpsm2-10.3.1.tar.gz
new file mode 100644
index 0000000..236f263
--- /dev/null
+++ b/libpsm2-10.3.1.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:06c44796ce820f07e4bc2600b27f150d7f66ca576381b8ff98b2022b701c4b0f
+size 374718
diff --git a/libpsm2-calc-checksum.patch b/libpsm2-calc-checksum.patch
new file mode 100644
index 0000000..9ff0474
--- /dev/null
+++ b/libpsm2-calc-checksum.patch
@@ -0,0 +1,34 @@
+Index: libpsm2-10.3.1/psm_context.c
+===================================================================
+--- libpsm2-10.3.1.orig/psm_context.c
++++ libpsm2-10.3.1/psm_context.c
+@@ -146,6 +146,19 @@ static int psmi_get_envvar(const char *e
+ 	return 0;
+ }
+ 
++static inline
++uint8_t
++calc_hash(void *ptr, size_t nbytes)
++{
++    uint8_t *ucp = (uint8_t *) ptr;
++    uint8_t hash = 0;
++
++    while (nbytes--)
++        hash ^= *ucp++;
++
++    return hash;
++}
++
+ static
+ psm2_error_t
+ psmi_compute_start_and_end_unit(psmi_context_t *context,long unit_param,
+@@ -180,8 +193,7 @@ psmi_compute_start_and_end_unit(psmi_con
+ 
+ 				/* else, we are going to being looking at:
+ 				   (a hash of the job key plus the local rank id ) mod nunits. */
+-				for (i=0;i < sizeof(job_key);i++)
+-					hashedjk ^= job_key[i];
++				hashedjk = calc_hash(job_key, sizeof(psm2_uuid_t));
+ 				*unit_start = (psmi_get_envvar("MPI_LOCALRANKID") + hashedjk) % nunits;
+ 				if (*unit_start > 0)
+ 					*unit_end = *unit_start - 1;
diff --git a/libpsm2-use-exported-variable-for-version-and-release.patch b/libpsm2-use-exported-variable-for-version-and-release.patch
index 6b6beec..fac2546 100644
--- a/libpsm2-use-exported-variable-for-version-and-release.patch
+++ b/libpsm2-use-exported-variable-for-version-and-release.patch
@@ -1,31 +1,26 @@
-From b231e55f53c1257c76ecb0805f5fb380de230b2d Mon Sep 17 00:00:00 2001
-From: Nirmoy Das <ndas@suse.de>
-Date: Thu, 9 Jun 2016 14:15:39 +0200
-Subject: [PATCH] use exported variable for version and release
-
----
- Makefile |    8 ++------
- 1 file changed, 2 insertions(+), 6 deletions(-)
-
-Index: Makefile
+Index: libpsm2-10.3.1/Makefile
 ===================================================================
---- Makefile.orig	2016-12-06 16:12:45.891907761 +0100
-+++ Makefile	2016-12-06 16:15:03.063168224 +0100
-@@ -135,15 +135,11 @@ endif
+--- libpsm2-10.3.1.orig/Makefile
++++ libpsm2-10.3.1/Makefile
+@@ -138,7 +138,7 @@ endif
  export 	LIBPSM2_COMPAT_CONF_DIR
  
  # The desired version number comes from the most recent tag starting with "v"
 -VERSION := $(shell if [ -e .git ] ; then  git  describe --tags --abbrev=0 --match='v*' | sed -e 's/^v//' -e 's/-/_/'; else echo "version" ; fi)
 +VERSION ?= $(shell if [ -e .git ] ; then  git  describe --tags --abbrev=0 --match='v*' | sed -e 's/^v//' -e 's/-/_/'; else echo "version" ; fi)
- #
+ 
+ # If we have a file called 'rpm_release_extension' (as on github),
+ # we take the release extension number from this file
+@@ -162,11 +162,7 @@ endif
  # The desired release number comes the git describe following the version which
  # is the number of commits since the version tag was planted suffixed by the g<commitid>
--RELEASE := $(shell if [ -f RELEASE ]; then cat RELEASE;\
+ ifndef RELEASE
+-RELEASE := $(shell if [ -f rpm_release_extension ]; then cat rpm_release_extension;\
 -		   elif [ -e .git ] ; then git describe --tags --long --match='v*' | \
 -				sed -e 's/v[0-9.]*-\(.*\)/\1/' -e 's/-/_/' | \
 -				sed -e 's/_g.*$$//'; \
 -		   else echo "release" ; fi)
 +RELEASE ?= $(shell if [ -e .git ] ; then git describe --tags --long --match='v*' | sed -e 's/v[0-9.]*-\(.*\)/\1/' -e 's/-/_/' | sed -e 's/_g.*$$//'; else echo "release" ; fi)
+ endif
  
  DIST_SHA := ${shell if [ -e .git ] ; then git log -n1 --pretty=format:%H ; \
- 		else echo DIST_SHA ; fi}
diff --git a/libpsm2.changes b/libpsm2.changes
index b8ce2e8..16e5530 100644
--- a/libpsm2.changes
+++ b/libpsm2.changes
@@ -1,3 +1,12 @@
+-------------------------------------------------------------------
+Fri Mar  3 13:45:39 UTC 2017 - josef.moellers@suse.com
+
+- Update to new version 10.3.1, mainly bug fixes
+  Intel has not made available any changelog.
+  As Intel's source did not compile, replaced calculation of a hash
+  value by an inline function.
+  (bnc#1024057, libpsm2-calc-checksum.patch, FATE#321472)
+
 -------------------------------------------------------------------
 Tue Dec  6 16:01:36 CET 2016 - pth@suse.de
 
diff --git a/libpsm2.spec b/libpsm2.spec
index e6f5be3..49077e6 100644
--- a/libpsm2.spec
+++ b/libpsm2.spec
@@ -22,7 +22,7 @@
 
 %define psm_so 2
 Name:           libpsm2
-Version:        10.2.2
+Version:        10.3.1
 Release:        0
 Summary:        Intel PSM Libraries
 License:        BSD-2-Clause or GPL-2.0
@@ -32,6 +32,7 @@ Source:         %{name}-%{version}.tar.gz
 Source1:        libpsm2.changelog
 Patch2:         libpsm2-use_RPM_OPT_FLAGS.patch
 Patch3:		libpsm2-use-exported-variable-for-version-and-release.patch
+Patch4:         libpsm2-calc-checksum.patch
 BuildRequires:  libuuid-devel
 BuildRequires:  pkg-config
 BuildRequires:  udev
@@ -81,7 +82,9 @@ Support for MPIs linked with PSM versions < 2
 %prep
 %setup -q -n %{name}-%{version}
 %patch2
-%patch3
+%patch3 -p1
+%patch4 -p1
+
 cp %{S:1} ChangeLog
 
 %build