Isda AGM: FpML2.0 ready for widespread deployment

The latest version of Financial products Market Language (FpML) – the e-commerce standard supporting OTC trading for financial derivatives – which could potentially save the industry $1 billion per year in processing costs, has received ‘trial recommendation’ status by its backers and will be ready for widespread deployment in the next few months.

The International Swaps and Derivatives Association, which took over control of FpML.org for an undisclosed sum last year, issued trial recommendations of FpML version 2.0 at its AGM today. Version 2.0 covers new interest rate products such as swaptions, caps and floors, and extends swap definitions to include FX resettables, cancelables and early termination agreements. Version 1.0 received recommendation status in May last year.

Isda is inviting comments from the industry on version 2.0

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here