FOR IMMEDIATE RELEASE

4 September, 2003 -- New York

The FpML Standards Committee approved the start of a new working group which will extend FpML to create a cross-product framework for supporting pricing/valuation and risk reporting. An initial proposal for this working group, provided by GemSoup and Integrasoft, can be found in the proposals section on the FpML website: http://www.fpml.org/documents/proposals/index.asp. The charter of the working group, which outlines the mission and the scope can be found at http://www.fpml.org/wg/pricing/index.asp. For participation in this working group, please subscribe at http://www.fpml.org/wg/joining/join-form.asp. If you have questions, do not hesitate to contact me.

Karel Engelen
FpML Project Manager
ISDA