January 31, SLIDE 1 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG FpML Reporting Working Group ® ISDA is a registered trademark of the International Swaps & Derivatives Association, Inc. ® FpML is a registered trademark of the International Swaps & Derivatives Association, Inc. ISDA Brian Lynn – Chair (Global Electronic Markets) Lyteck Lynhiavu (ISDA)

January 31, SLIDE 2 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Agenda Accomplishments in 2009/10 –Version 5.0 –Version 5.1 –Usage to date Mission for 2011 Activities Next steps Issues

January 31, SLIDE 3 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Accomplishments in version 5.0 Gathered a detailed data field spreadsheet and examples for many products Mapped data requirements to standard FpML Developed a loose reporting view leveraging FpML’s traditional nested structure (but with most values optional) Added some additional fields where needed (e.g. asset class) Developed a number of new reports, including –Activity reports –Reset reports –Entity reference data report Enhanced existing reports (e.g. position report) –More meta data –More flexibility

January 31, SLIDE 4 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Reporting WG in version 5.1 Mostly inactive, met in conjunction with BPWG Slightly enhanced some existing reports, e.g. –Added settlement calculation to position reports

January 31, SLIDE 5 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Usage of FpML reporting Usage of FpML reporting to date has been minimal to moderate –Some service providers use a number of the reports (e.g. position report, reset report) to report on activity / reconciliation –DSWG reports continue to be used by some firms –Many new reporting requirements/feeds are being defined that are not currently planning to use FpML

January 31, SLIDE 6 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Mission for 2011 Provide industry-standard report specifications that will be used by industry participants and service providers to address regulatory reporting requirements

January 31, SLIDE 7 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Review and consolidate requirements published by different industry groups and regulators Identify data coverage gaps in FpML Develop simple, “flat” reports that address those requirements Define mappings between “nested” FpML and “flat” reports Demonstrate conversions between nested and flat XML and between flat XML and CSV (proposal has been developed) Activities

January 31, SLIDE 8 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Possible report types Position reconciliation Trading activity Aggregate exposure Possibly some kinds of simplified risk and market input reports Others TBD, maybe more collateral- related reports

January 31, SLIDE 9 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Next Steps Call for participation sent 1/18/2011 Participation –74 members including 9 new subscribers –Involving Regulators –Involving Other Groups Proposed Schedule –Mondays at 11am –First meeting February 7 Meet with ISDA/OMG group Feb. 4

January 31, SLIDE 10 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG How do we obtain sufficient, representative input from regulators? How do we interact with operational working groups? How do we interact with external standards bodies? (FIX, XBRL, etc.) Should we add any missing data elements to the core standard? Issues

January 31, SLIDE 11 Copyright © 2011 International Swaps and Derivatives Association, Inc. FpML Reporting WG Questions? WG Info: WG Charter: