FpML Financial products Markup Language
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ISDA XML standard for OTC derivatives.
Definition
FpML 5.x covers interest rate derivatives (IRS, OIS, swaps), credit (CDS, CDX), equity derivatives, FX derivatives, commodity, structured products. XSD schemas downloadable from fpml.org. Used by MarkitSERV (DTCC), CME ClearPort, LCH SwapClear, Eurex Clearing. EMIR Reporting submission format via TR (DTCC GTR, REGIS-TR, UnaVista).
Origin
ISDA (International Swaps and Derivatives Association), FpML 1.0 1999, 5.0 2010, 5.12 2024.
Usage
De facto standard for OTC derivatives reporting and confirmation. Evolution toward ISDA CDM (Common Domain Model) for DLT and smart contracts.
Related terms
- ISDA — organisation parent.
- EMIR Reporting — cas usage régulatoire.