FpML® @ a Glance

bullet FpML® @ a Glance

FpML® (Financial products Markup Language) is the open source XML standard for electronic dealing and processing of OTC derivatives. It establishes the industry protocol for sharing information on, and dealing in, financial derivatives and structured products.

The standard is developed under the auspices of ISDA, using the ISDA derivatives documentation as the basis. As a true open standard, the standards work is available to all at no cost and open to contribution from all. There is no membership requirement. (See the FpML license.)

The standard evolution and development is overseen and managed by the FpML Standards committee, following W3C rules of operations guidelines.

The following diagram illustrates the scope of the FpML specification in relation to various dimensions such as technology, industry coverage, governing bodies, and implementation activities. (This diagram shows the organization of the latest FpML version 5. Click here to display the diagram for version 4)

View product coverage for different versions: FpML 5 Product List

The FpML standard is freely               licensed Implementations of FpML ISDA provides customized training around all FpML aspects ISDA provides consultancy to members and non members to facilitate the use of FpML Confirmaiton View Reporting View Transparency View Recordkeeping View Trade Amendment Increase Termination Novation Option Exercise Option Expiry De-clear Withdrawal IRD CD Equity Commodities FX Bond Options Loan Business Validation Rules Architecture FpML Schema FpML Architecture Coding Schemes Examples W3C Schema XML ISDA/FpML FpML working groups FpML Specification