Call for Participation: ISDA Launches the FpML Business Process Working Group

ISDA launches a new FpML working group focusing on business processes. The FpML Business Process Working Group will maintain and extend the FpML standard’s coverage of OTC derivative business processes.

Focus will be on areas where new industry services are being developed or new business processes are being standardized.
 
The emphasis will be on business processes affecting single trades or positions and represented in the FpML “Confirmation” view. Business processes affecting multiple trades or positions are addressed in the FpML Reporting and Collateral working groups. The main priority will be on FpML version 5, although issues relating to previous FpML versions may occasionally be discussed.

Specific objectives will be defined by the working group, but it anticipated that initial priorities will include option exercise processes and credit limit warning (e.g. for clearing or trading) processes.

The working group will start meeting late April, early May, with a goal to have a first working draft available in June 2010. Anyone interested in contributing to business processes in FpML, either from a technical or a business perspective, is welcome to join the working group.
 
For more information on the FpML Business Process Working Group, see the group charter at http://www.fpml.org/wgroup/bpwg/bpwg.html
 
Please visit the following link and fill out the call for participation form if you are interested in participating: http://www.fpml.org/lists/?p=subscribe&id=24

FpML Team