For Immediate Release Thursday, October 10, 2002
For More Information, Please Contact:
Stacy Carey, ISDA New York, (212) 901-6000; Fax (212) 901-6001; firstname.lastname@example.org
ISDA ISSUES CALL FOR PARTICIPATION FOR
FpML ENERGY AND VALIDATION WORKING GROUPS,
SCHEDULES FALL FpML CONFERENCES
The energy working group will extend the FpML standard to include energy derivatives, while the validation working group will examine the business rules for validating FpML and the technical implementation of these business rules. The full charter of both working groups can be found at: www.fpml.org/wg/index.asp. Those interested in participating in one or both of these working groups can do so by completing the participation form on the FpML web site: http://www.fpml.org/wg/joining/join-form.asp.
ISDA has scheduled its first ever FpML
conferences for November 19 in
FpML is a business information exchange standard for electronic dealing and processing of financial derivatives instruments. It establishes the industry protocol for sharing information on, and dealing in, complex financial products over the Internet. It is based on XML (Extensible Markup Language), the standard meta-language for describing data shared between applications. Currently focusing on interest rate derivatives, FX, equity derivatives and credit derivatives, FpML will eventually cover all categories of privately negotiated derivatives.
ISDA is the global trade association representing leading participants in the privately negotiated derivatives industry. ISDA was chartered in 1985, and today has more than 590 member institutions from 46 countries on six continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.