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.
The Standards Committee is publishing this new, redesigned regulatory reporting view for feedback. Publishing the work in parallel version 5.10a provides a way for firms interested in the redesign work to implement an official, supported version of the standard. Publication as a version (as opposed to a working group proposal) gives the work an official status for feedback, it does not commit the Standards Committee to advance the work on any particular schedule. It also allows the regulatory reporting processes to evolve independently of the main standard, on a separate timeline. It is the intention that version 5.10a will be rolled back into the main version if the work has been proven useful by the industry and tested by implementers. The Last Call Working Draft is available on the FpML website in the Specifications section at: More information on the coverage and timing of future versions can be found in the FpML roadmap: Please send us any comments by filling in the form at