Commodity product Markup Language

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Commodity product Markup Language (CpML) is an industry standard used in wholesale energy trading.

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 and governance

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]

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]

References

  1. ^ "CpML 5.3 - Commodity product Markup Language specification" (PDF). CpML.org. CpML Foundation. 2014-10-25. Archived from the original (PDF) on 2017-01-07.
  2. ^ "EFET eCM – Electronic Confirmation Matching Standards Version 4.4" (PDF). EFET. European Federation of Energy Traders. May 2021. Archived from the original (PDF) on 2023-05-06. Retrieved 2023-08-19.
  3. ^ "EFET CpML for eSM Version 2.0.8" (PDF). EFET. European Federation of Energy Traders. May 2021. Archived from the original (PDF) on 2021-09-18. Retrieved 2023-08-19.
  4. ^ "EFET CpML for eSM Version 3.0.0" (PDF). EFET. European Federation of Energy Traders. August 2021. Archived from the original (PDF) on 2023-03-12. Retrieved 2023-08-19.
  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 Commodity product Markup Language Foundation, KvK number 62146432, registered on December 22, 2014 in Amsterdam.
  8. ^ "CpML Governance Board". CpML.org. CpML Foundation. October 2022. Archived from the original on 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. ^ "CpML Governance Board". CpML.org. CpML Foundation. September 2014. Archived from the original on 2014-09-28. Retrieved 2016-09-29. 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)

External links