The International Swaps and Derivatives Association, Inc. (ISDA) has made a recommendation for FpML version 5.4, an updated version of the industry data standard for over-the-counter OTC derivatives and complex products.
A recommendation is the final step in the development process of a version.
FpML version 5.4 will focus on enhancing the framework for global regulatory reporting and include coverage for several asset classes to represent Dodd-Frank reporting requirements, ISDA says.
In addition to meeting swap data recordkeeping and reporting requirements, the recommendation for FpML version 5.4 also includes support for Dodd-Frank Part 22, Legal Segregation with Operational Commingling (LSOC). It provides additional support commodity products, including physical commodity forwards and options and administrative activities such as reporting party determination for FX products.
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