Commodity product Markup Language explained

Commodity product Markup Language (CpML) is an industry standard used in wholesale energy trading.[1] CpML is an XML-based business mark-up language used for interoperable representation of energy trades for the purpose of post-deal-execution processes like deal confirmation and regulatory reporting.

The CpML standard defines the vocabulary for exchanging standardized messages for commodity trading and reporting processes and is growing according to increased coverage of post-trade services like eCM (electronic Confirmations Matching)[2] and eRR (electronic Regulatory Reporting).[3] It was extended to include document structures to exchange and validate invoices and netting statements in the energy sector (electronic Settlement Matching) by the EFET in 2019.[4]

History

CpML 5.0 was first announced in 2013,[5] and is based on previous standards created by European Federation of Energy Traders (EFET). CpML is governed by the CpML Foundation,[6] a foundation under Dutch law created in 2014.[7]

Governance

The Governance Board of the CpML Foundation[8] consisted initially of representatives of EDF Trading, Freepoint Commodities Europe, Gazprom Marketing & Trading, RWE Supply & Trading, BP and EFET.[9]

External links

Notes and References

  1. Web site: CpML 5.3 - Commodity product Markup Language specification . 2014-10-25 . CpML.org . CpML Foundation . https://web.archive.org/web/20170107030649/http://www.cpml.org/specification/V5R0/CpML_V5R3_25102014.pdf . 2017-01-07 . dead.
  2. Web site: EFET eCM – Electronic Confirmation Matching Standards Version 4.4. May 2021. 2023-08-19 . EFET. European Federation of Energy Traders. https://web.archive.org/web/20230506231611/https://data.efet.org/Files/Standardisation/EFET%20ECM_v_4.4.pdf. 2023-05-06.
  3. Web site: EFET CpML for eSM Version 2.0.8 . May 2021 . 2023-08-19 . EFET . European Federation of Energy Traders . https://web.archive.org/web/20210918142906/https://data.efet.org/Files/eSM%20standardisation/EFET_CpML_for_ESM_2.0.8.pdf . 2021-09-18.
  4. Web site: EFET CpML for eSM Version 3.0.0 . August 2021 . 2023-08-19 . EFET . European Federation of Energy Traders . https://web.archive.org/web/20230312174434/https://www.efet.org//files/documents/20210915%20EFET_CpML_for_ESM_3.0_with_track_changes-v3.pdf . 2023-03-12.
  5. Aviv Handler: CpML 5.0 launched. Energy Trading Regulation, dated October 17, 2013.
  6. Stella Farrington: CpML to foster standardisation among energy traders. In: Risk, dated 27 August 2014.
  7. [Stichting]
  8. Web site: CpML Governance Board . October 2022 . CpML.org . CpML Foundation . dead . https://web.archive.org/web/20221006014625/https://www.cpml.org/governance.html . 2022-10-06 . Matle Moeller (Chairperson); Freiderike Brandt (Freepoint); Jan van Aken (EFET) (Secretary); Filip Sleeuwagen (EFET) (Treasurer); Andy Burrow (BP); David Campell-Montgomery (RWE Supply & Trading GmbH); Peter McKay (Shell Intl. Trading and Shipping Company Ltd); Andy Rollinson (EDF Trading).
  9. Web site: CpML Governance Board . September 2014 . 2016-09-29 . CpML.org . CpML Foundation . dead . https://web.archive.org/web/20140928191626/http://cpml.org/governance.html . 2014-09-28 . Chair: Marcus Schaper (RWE Supply & Trading; Co-Chair: Filip Sleeuwagen (EFET); Rob Pringle (Gazprom Marketing & Trading); Michael Hughes (BP); Jeremy Lock (EDF Trading); Malte Moeller (RWE Supply & Trading); Fabio Kuhn (BP).

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Commodity product Markup Language".

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