SWIFT FpML
FpML transport via SWIFTNet InterAct / FileAct.
Definition
SWIFT publishes FpML over SWIFTNet usage guidelines for IRS (Interest Rate Swap), CDS (Credit Default Swap), FX derivatives confirmations. Adopted by major global banks. Alternative to FpML/HTTP or MQ point-to-point connections. Progressive migration toward ISDA CDM + DRR.
Origin
SWIFT + ISDA, usage guidelines published 2008.
Usage
Swap rate, CDS, FX confirmations between global banks and institutional buy-side.