FPML

The XML of OTC derivatives, maintained by ISDA.

Definition

FpML 5.x covers the structured description of a derivative (Trade, Party, NotionalAmount, FixedLeg, FloatingLeg, Termination), its lifecycle (Confirmation, Increase, Amendment, Termination), and connectivity to TRs (Depositary Trust & Clearing Corporation). Heavily used in CFTC/EMIR clearing.

Origin

Created by J.P. Morgan in 1999, transferred to ISDA (International Swaps and Derivatives Association) in 2001. Current version 5.x.

Example in context

An FpML confirmation of a vanilla 5y EUR IRS swap fixed vs floating EURIBOR 6M.

Related terms

• ISO 20022 — competing finance standard.