ISDA republishes the Recommendation for FpML version 5.7

NEW YORK, May 21, 2025 - The International Swaps and Derivatives Association, Inc. (ISDA) republished the Recommendation for Financial products Markup Language (FpML) version 5.7.

The FpML 5.7 Recommendation 5 (build 10) is available on the FpML website in the Specifications section at: www.fpml.org/spec/fpml-5-7-10-rec-5/

Changes compared to FpML 5.7 Recommendation #4 (build#9)

• Business Process / Clearing (Confirmation view only):
  • Support for enhanced Clearing Status:
    • clearingStatus message: Added quote to clearingStatus/clearingStatusItem, to be able to specify e.g. trade-level NPV, variation margin, PAI
      • NOTE: The addition has been made in this republished version 5.7 REC 5 (to accommodate clearing firms still using that version) and in version 5.13 REC onward.
      • That said, the addition has not been made to the versions in between (e.g. 5.8, … 5.12). If you need that field in any of these versions, please let us know. Email ISDA at info@fpml.org.