Hello Anil: Apologies for the late answer to your question. The Reporting view and Recordkeeping views have distinct purposes. The Reporting view was developed in FpML 5.0 as a way flexible way for firms to pick and use fields for various applications e.g., used for reporting trading and business activities and positions (including as part of STP flows), as well as processes such as reconciliation. This view has a moderately loose product representation; it requires key economic information such as the notional, key dates, and parties, but leaves other information optional. The recordkeeping view was developed for regulatory reporting. It is used for reporting the Primary Economic Terms of derivative transactions to Swaps Data Repositories from entities including market participants, execution platforms, and clearing or confirmation services. This view is intended to have similar characteristics to the FpML “confirmation view” product representation, i.e. a very detailed product representation capturing the details needed for a transaction valuation; it may not include all documentation and legal terms. For regulatory reporting you want to use the recordkeeping and transparency views. Apologies once more for the delay. Let us know if you have any additional questions that we would answer promptly. Regards, Lyteck ISDA
