[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
RE: FpML-CD Municipal CDX Standard Terms Supplement (Proposal to add "MCDX" to contractualSupplementScheme)
GS agree with the change.
Thanks
Jamie
-----Original Message-----
From: cdwg@xxxxxxxx [mailto:cdwg@xxxxxxxx] On Behalf Of Ben Lis
Sent: Thursday, May 01, 2008 4:59 AM
To: cdwg@xxxxxxxx
Subject: RE: FpML-CD Municipal CDX Standard Terms Supplement (Proposal to add "MCDX" to contractualSupplementScheme)
Given the very short time frame available to us before MCDX starts trading and that Henri's scheme proposal is not a contentious one, I suggest that we have a call for e-mail comments on this proposal that stays open until close of business NY on May 2nd (this Friday).
If no unaddressed objections are raised by this time and the proposal has at least been seconded by another CDWG member (myself excluded - though I do endorse it), we would move to add MCDX to the contractualSupplementScheme.
If any CDWG members have concerns with us utilizing this "fast track" approval process, please raise them on this e-mail thread. I hasten to add that this kind of approach should only be considered for new scheme values where market conditions do not allow us a longer time window for comments.
To avoid any ambiguity here once again is a statement of the proposal under consideration:
----------
To add the following value and description to the contractualSupplementScheme:
"MCDX"
Standard Terms Supplement for Municipal CDX Untranched Transactions.
The value and description are based on the existing naming conventions present on the MCDX Standard Terms Supplement.
Here is the URI for the current version of the contractualSupplementScheme: http://www.fpml.org/coding-scheme/contractual-supplement-6-6.xml
----------
Finally, just as an FYI - you can download a nice PowerPoint description on MCDX here: http://www.markit.com/information/products/category/indices/mcdx.html
Thanks,
Ben Lis
Head of Product Management & Integration T-Zero
212.323.6041
www.tzero.com
-----Original Message-----
From: cdwg@xxxxxxxx [mailto:cdwg@xxxxxxxx] On Behalf Of Henri Pegeron
Sent: Tuesday, April 29, 2008 12:02 PM
To: cdwg@xxxxxxxx
Subject: FpML-CD Municipal CDX Standard Terms Supplement (Proposal to add "MCDX" to contractualSupplementScheme)
Ben/All,
I'd like to add another Standard Terms Supplement proposal for CDWG approval to cover Municipal CDX.
The index will potentially go live as soon as May 6th, 2008.
In preparation, DTCC is looking to include language for the MCDX (Municipal Credit Index) Standard Terms Supplement in FpML. To support it, the proposal is to add the following value and description to the
contractualSupplementScheme:
"MCDX"
Standard Terms Supplement for Municipal CDX Untranched Transactions.
The value and description are based on the existing naming conventions present on the MCDX Standard Terms Supplement.
Hopefully we can discuss through email for confirmation at the next CDWG.
Regards,
Henri Pegeron
------------------------------------------------------------
The Depository Trust & Clearing Corporation DTCC Deriv/SERV : Business Analysis & Design
55 Water Street - New York, NY 10041
Phone: + 1 (212) 855 1682
Fax: + 1 (212) 855 1020
-----------------------------------------
________________________________________________________
DTCC DISCLAIMER: This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately and delete the email and any attachments from your system. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.
-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line In the body include the line: unsubscribe cdwg youremail@address To view archives: http://www.fpml.org/_wgmail/_cdwgmail/threads.html
-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line In the body include the line: unsubscribe cdwg youremail@address To view archives: http://www.fpml.org/_wgmail/_cdwgmail/threads.html
-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe cdwg youremail@address
To view archives: http://www.fpml.org/_wgmail/_cdwgmail/threads.html