For
Immediate Release July
21, 2003
For More Information,
Please Contact:
The FpML editor/viewer covers the interest rate, FX and equity derivative products defined in FpML version 3.0. It enables the creation of FpML trades from scratch and provides high quality editing features. Trades created in the editor can be saved to a local file or uploaded to a web server. A “view only” mode is also available. The FpML editor/viewer is available at no cost to ISDA members at the following link: http://www.fpml.org/fpmleditor. Non-members may purchase the tool at this location.
“The FpML editor/viewer is ISDA’s latest initiative to promote the adoption and use of FpML,” said Robert G. Pickel, Executive Director and Chief Executive Officer of ISDA. “Adoption of the standard will help to improve efficiencies and reduce operational risk in the OTC derivatives market.”
The launch of the editor/viewer follows the move of FpML version 3.0 to Trial Recommendation. A Trial Recommendation is a stable Working Draft that the Standards Committee has proposed for implementation experience and feedback.
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, financial swaps, derivatives and structured
products over the Internet. It is based on XML (Extensible Markup Language),
the standard meta-language for describing data shared between applications. FpML will eventually cover all categories of privately
negotiated derivatives. Information about the FpML
standard, the specifications and the different working groups can be found on
the FpML web site: www.fpml.org.
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 600
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.
###