December 15, 2017
ISDA has published FpML 5.10a Last Call Working Draft
The International Swaps and Derivatives Association, Inc. (ISDA) has published the Last Call Working Draft for Financial products Markup Language (FpML) version 5.10a. Version 5.10a is a parallel version to 5.10. It contains a redesigned reporting process that provides the following benefits:- simplify the submission and updating process for reporting parties, and reduce implementation effort
- simplify internal processes for trade repositories (such as mapping and validation)
- align the reporting framework more closely with requirements from regulators, reducing errors and uncertainties in reporting to regulators, and
- improve reporting data quality.