ISDA Delays FpML Version 5.0

The new version was due for release by the end of last year, introducing greater transparency in reporting fields. Sources say a decision was made to incorporate the work of the recently started collateral working group, which is looking to create messages in FpML to support margin calls and interest payments.

"The initial target completion date of 2009 for the recommendation was modified by the group to expand changes in the messaging framework for this version," says a source familiar with the