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Interest Rate Swap Representation
Many data formats exist to represent Interest Rate Swaps; some, like FpML, are based upon internationally recognised standards (in this case XML) however others, such as the SWIFT MT360, are highly proprietary in nature. 

Whether generating a representation of a Swap which conforms to a standard format or parsing details from the an existing message - a detailed knowledge of both the target data format and the Swap economics is required.  Consequently, writing interface software can be a very time-consuming, error prone and expensive undertaking.

To address this issue, Swapsdata, a company focussed exclusively on the needs of the Swaps industry, have created SwapsGen, a software toolkit which completely hides the complexity of reading and generating standard Swaps representations.

Handling the Mapping Process
SwapsGen, which is written entirely in Java, can both read and generate a variety of standard Swaps data formats, including:

  • FpML Version 4
  • SWIFT MT360
  • Swapsdata IMS Format

Using a simple Application Programming Interface (API), data mapping functionality can be integrated with existing applications enabling them to exchange Swaps with a wide variety of systems which use these standard formats.  In addition, the product ships with a number of command line utilities, which provide immediate access to toolkit functionality.

Comprehensive Instrument Coverage
SwapsGen supports the majority of vanilla Swap types traded in the OTC Swaps market including:
  • Single Currency Interest Rate Swaps
  • Cross Currency Interest Rate Swaps
  • Compounding Interest Rate Swaps
  • Interest Rate Swaps with Stub details

Support for additional Swap types will be added as demand requires.

A Complete Solution
In addition to the SwapsGen toolkit itself, Swapsdata can provide comprehensive consulting services, including: bespoke development, training and technical support, to ensure that your system implementation rapidly delivers value to your business.