Abstract: A computer-based method for standardized reporting of failed trades entails receiving trade data from a data generator, the trade data including information characterizing at least one failed trade. A current format (e.g., XML format, SWIFT message format, spreadsheet format) for the trade data is identified and a conversion template is selected for the current format. The received trade data is converted into at least one failed trade record having a standardized format using the conversion template, and is stored in a failed trades database. A trade fail report that includes at least one failed trade record is generated by accessing failed trade records in the failed trades database. The trade fail report can then be provided to an authorized data consumer.