Isda AGM: FpML2.0 ready for widespread deployment

The International Swaps and Derivatives Association, which took over control of for an undisclosed sum last year, issued trial recommendations of FpML version 2.0 at its AGM today. Version 2.0 covers new interest rate products such as swaptions, caps and floors, and extends swap definitions to include FX resettables, cancelables and early termination agreements. Version 1.0 received recommendation status in May last year.

Isda is inviting comments from the industry on version 2.0

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