Swift Readies Next Phase of Derivatives Pilot
The pilot would be the next phase in an ongoing project Swift launched with the International Swaps and Derivatives Association (ISDA) earlier this year, according to Fabian Vandenreydt, head of broker-dealer and pre-settlement services for Swift.
The joint project involves messages based on ISDA's XML-based Financial products Markup Language (FpML) transmitted over Swift's IP-based SwiftNet network (DWT, April 2).
The new pilot would address the need for messaging standards to reconcile
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