Editing FpML (section)

==History==
The FpML standard was first published by [[JPMorgan]] and [[PricewaterhouseCoopers]] on 9 June 1999 in a paper titled "Introducing FpML: A New Standard for E-commerce".{{Citation needed|date=December 2021}} As a result, the FpML standards committee was founded.

The core scope includes the products of [[Foreign exchange market|Foreign Exchange (FX)]] Swaps and Options, [[Interest Rate Swap]]s, [[Inflation swap|Inflation Swaps]], [[Asset swap|Asset Swaps]], [[Swaption]]s, [[Credit Default Swap]]s, [[Credit default swap index|Credit Default Swap Indices]] and Baskets, [[Equity derivative|Equity Derivatives]], [[Equity swap|Equity Swaps]], [[Total return swap|Total Return Swaps]], and many others.

The core processes include trading, valuation, confirmation, novation, increase, amendment, termination, allocation, position reporting, cash flow matching, formal definition of party roles, as well as trade notification between asset managers and custodians.

As of December 2021, FpML 5.12 is the latest recommended version.<ref>{{cite web
| url=https://www.fpml.org/latest_news/isda-publishes-the-recommendation-for-fpml-version-5-12-build-4/
| title=ISDA publishes the Recommendation for FpML 5.12 
| date=2021-09-28
| accessdate=2021-12-13}}</ref>