Latest FpML Version Addresses CFTC Reporting Requirements

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The International Swaps and Derivatives Association (ISDA) has published its recommendation for the latest version of the Financial products Markup Language (FpML) standard, including updates to accommodate the Commodity Futures Trading Commission's (CFTC) reporting requirements and to provide a framework for other reporting requirements that are still being finalized.

A recommendation is the final step in the development process of a version. ISDA's recommendation for FpML version 5.3 includes