From: cdwg@xxxxxxxx on behalf of Henri
Pegeron
Sent: Mon 7/27/2009 9:11 AM
To:
cdwg@xxxxxxxx
Subject: RE: FpML-CD Emerging Markets
Standardisation
| <Mike.Woods@xxxxxxx> Sent by: cdwg@xxxxxxxx 07/27/2009 07:38 AM
|
|
Hi Ben
Did you have a chance to verify the new
Transaction Types with the ISDA
Ops group?
In addition, I believe that
Australia / NZ Corporates and Australia / NZ
Sovereigns are also in scope for
standardisation in September now as
well.
Thanks
Mike
-----Original Message-----
From:
cdwg@xxxxxxxx [mailto:cdwg@xxxxxxxx] On Behalf Of Ben Lis
Sent: 16 July 2009
15:04
To: cdwg@xxxxxxxx
Subject: Re: FpML-CD Emerging Markets
Standardisation
Thanks for raising this to the group, Mike.
You
are right -- we need to update several FpML schemes in order to
accommodate
this new standardization effort.
I'll contact the ISDA Ops group to
verify the new ISDA Transaction
Types.
Regards,
Ben
-----
Original Message -----
From: cdwg@xxxxxxxx <cdwg@xxxxxxxx>
To:
cdwg@xxxxxxxx <cdwg@xxxxxxxx>
Sent: Wed Jul 15 04:49:57
2009
Subject: FpML-CD Emerging Markets Standardisation
Hi all,
I
understand the latest industry initiatives for single name
standardisation
has been agreed upon (see attached note from ISDA). The
following products
are in scope:
*
Emerging Market
Corporate
*
Emerging Market Sovereign
*
Latin American Corporate
*
Latin American Sovereign
*
CDX Emerging Market Index
As far as I understand the
product characteristics seem to be similar to
previous implementations of
SNAC / SEC. Specifically:
* Payment
Frequency: Change from Semi-Annual to Quarterly
*
Fixed Spreads of 100 or 500
* Upfront
fee to settle the traded spread / up-front
points and accrued interest
*
Full First Coupon
*
Standard maturity Date (Mar-20, Jun-20, Sep-20,
Dec-20).
It appears that the work done to model previous
implementations of SEC /
SNAC should accommodate the above so do we just need
to specify the new
matrix transaction / broker conf types within FpML?
Thanks
Mike
<<Emerging Markets Coupon
Standardization>> This message may contain
confidential information and
is intended for specific recipients unless
explicitly noted otherwise. If you
have reason to believe you are not an
intended recipient of this message,
please delete it and notify the
sender. This message may not represent the
opinion of
IntercontinentalExchange, Inc. (ICE), its subsidiaries or
affiliates,
and does not constitute a contract or guarantee. Unencrypted
electronic
mail is not secure and the recipient of this message is expected
to
provide safeguards from viruses and pursue alternate means
of
communication where privacy or a binding message is
desired.
------------------------------------------------------------------------
-------
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
Visit our website at
http://www.ubs.com
This message contains confidential information and is
intended only
for the individual named. If you are not the named
addressee you
should not disseminate, distribute or copy this e-mail.
Please
notify the sender immediately by e-mail if you have received
this
e-mail by mistake and delete this e-mail from your system.
E-mails are not encrypted
and cannot be guaranteed to be secure or
error-free as information could be
intercepted, corrupted, lost,
destroyed, arrive late or incomplete, or
contain viruses. The sender
therefore does not accept liability for
any errors or omissions in the
contents of this message which arise as a
result of e-mail transmission.
If verification is required please
request a hard-copy version. This
message is provided for
informational purposes and should not be
construed as a solicitation or
offer to buy or sell any securities
or related financial
instruments.
UBS Limited is a company registered in England & Wales
under company
number 2035362, whose registered office is at 1 Finsbury
Avenue,
London, EC2M 2PP, United Kingdom.
UBS AG (London Branch) is
registered as a branch of a foreign company
under number BR004507, whose
registered office is at
1 Finsbury Avenue, London, EC2M 2PP, United
Kingdom.
UBS Clearing and Execution Services Limited is a company
registered
in England & Wales under company number 03123037, whose
registered
office is at 1 Finsbury Avenue, London, EC2M 2PP, United
Kingdom.
UBS reserves the right to retain all messages. Messages are
protected
and accessed only in legally justified
cases.
-------------------------------------------------------------------------------
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
_____________________________________________________________
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.
Visit our website at http://www.ubs.com This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mails are not encrypted and cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments. UBS Limited is a company registered in England & Wales under company number 2035362, whose registered office is at 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom. UBS AG (London Branch) is registered as a branch of a foreign company under number BR004507, whose registered office is at 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom. UBS Clearing and Execution Services Limited is a company registered in England & Wales under company number 03123037, whose registered office is at 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom. UBS reserves the right to retain all messages. Messages are protected and accessed only in legally justified cases.