FpML-BP minutes meeting 2006-01-12

["Marc Gratacos" <MGratacos@xxxxxxxx>]

2006-01-12

 

Participants:

Pierre Lamy

Brian Lynn

Andrew Jacobs

Marc Teichman

Henri Pegeron

Marc Gratacos

 

Regrets:

Mike Maranhas

Bela Maranhas

Angela Lannin

  

Discussion Cash flow Matching:

We went through the remaining examples.

Actions:

• We need an example of an averaging deal.
• We need to give directions on the usage of some of these elements. For example, we would need a scheme value to indicate a final price (TransactedPrice value was suggested).
• We still need to develop scheme values for cashflowType and productType.
• We need an optional notional on the calculationPeriod structure.
• Put guidelines/documentation together.

We had the discussion again about the approach we are taking matching the net cash flows and the flexibility of the schema. All members of the group agreed that the schema is flexible enough. It’s not clear about the level of details that implementation would require in order to match the cash flows. Members saw feasible that implementations would use a subset of the elements expressed in the calculationDetails structure in order to perform cash flow matching. FpML will define a standard way to do it using examples for different products but implementations may choose a simpler approach using fewer fields.

 

Best Regards,

-Marc

+1-212-901-6028

---

From: Marc Gratacos [mailto:MGratacos@xxxxxxxx]
Sent: Wednesday, January 11, 2006 1:35 PM
To: bp@xxxxxxxxxxxxxxxxxxxx
Subject: FpML-BP meeting Thursday 2006-01-12 at 10:00AM

 

All,

 

The next BPWG meeting will be tomorrow Thursday 2006-01-12 from 10:00 AM to 11:00 New York Time.

 

Agenda:

------------

-Cash flow matching examples

-Generic Short-form representation.

-Defaulting

      -AOB

 

Call details:

US: 1 888 481 3032
Intl: 1 617 801 9600
Code: 8682747

 

 

Best Regards,

-Marc