How does FpML handle reference data?
There is a difference to how internal and external reference data should be handled: for external data it is reasonable to provide some kind of reference. For internal data that not all parties will see, it is not, except in proprietary data components. Reference data that can be expressed with an international standard will be expressed in a notation, e.g. currencies, ISDA-rate option names, business centers. Dates are expressed in the ISO standard.
