Isda extends FpML standard on interest rates

The International Swaps and Derivatives Association (Isda) has released recommendations for a new version of the financial products mark-up language (FpML), the XML-based standard for over-the-counter derivatives, one which extends interest rate product coverage.

Version 2 of the standard now covers the full range of interest rate derivatives by adding interest rate options including swaptions, caps and floors.

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