The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the Recommendation for FpML version 5.4.
FpML version 5.4 focuses on further enhancing a robust framework for global regulatory reporting. In addition, the coverage for several asset classes has been expanded to fully represent Dodd-Frank reporting requirements.
Besides the support for Swap Data Recordkeeping and Reporting Requirements, the Recommendation for FpML version 5.4 also includes support for Part 22, Legal Segregation with Operational Commingling (LSOC). Additional support for a variety of commodity products including the support for physical Commodity Forwards and Options and administrative activities such as Reporting Party Determination for FX products has been provided.
Financial products Markup Language (FpML) is the industry data standard for over-the-counter (OTC) derivatives and complex products. A Recommendation is the final step in the development process of a version.