The ISDA-governed FpML Syndicated Loan Working Group, chaired by TenDelta, successfully released an expanded set of core business events and asset structures for use in the syndicated loan market, as part of FpML version 5.10 (February 12th, 2018).
The enhancements to the standard, will allow market participants to further retire archaic communication methods that have created immeasurable inefficiencies, as well as operational risk. As a complementary technology to such things as distributed ledger (blockchain) and artificial intelligence (AI), FpML will be instrumental in moving the syndicated loan market toward modernization.
Additional details related to the Loan FpML 5.10 standard, including complete schema and full documentation, can be found at: http://www.fpml.org/spec/fpml-5-10-5-rec-1/
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