That’s a good point Gordon. We
propose rescheduling the collateral call an hour earlier to 9am (2pm
London) OR an hour later to 11am (4pm London) to accommodate the ISDA
Member Call* at 10am that many may want to attend.
What about moving the
collateral call to 9am (2pm London)? Let
us know ASAP if that works or if you’d prefer another time (9am or 11am or 10am
-no change). We’ll move the call to 9am unless there’s strong preference
for a different time.
Thanks,
Lyteck
*Note it is an ISDA members only
call. ISDA members will have received their
invitation already. Also note that call will
be recorded and will be made available to the membership base via the ISDA
website.
From:
owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of Peery,
Gordon F.
Sent: Tuesday, June 29, 2010 1:32 PM
To:
'colwg@xxxxxxxx'
Subject: FPML-CWG RE: Collateral WG Meeting: Wed June
30, 2010 @ 10am New York / 3pm London
Hi.
You may not have as big a crowd because tomorrow ISDA is holding at the same
time a "Developments from Washington DC" call ... ideally I'd like to dial into
both..
Best,
Gordon
GORDON F.
PEERY
K&L
Gates LLP
State
Street Financial Center · One Lincoln Street
Boston,
MA 02111-2950
Phone:
+1.617.261.3269
Fax:
+1.617.261.3175
Email:
gordon.peery@xxxxxxxxxxx
Web
site: www.klgates.com
_________________________________
From:
owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of Lyteck
Lynhiavu
Sent: Tuesday, June 29, 2010 1:02 PM
To:
'colwg@xxxxxxxx'
Subject: FPML-CWG Collateral WG Meeting: Wed June 30,
2010 @ 10am New York / 3pm London
REMINDER
- we'll have a meeting tomorrow Wednesday as usual. We’ll send an updated
schema/examples later today.
Next Meeting–
Wednesday June 30, 2010
@ 10am New York / 3pm
London (1h30)
Going
forward, we will use remote web sessions to make it easier to review the schema
and examples during the calls. Please note you may need to install a small
module to view the meeting. Those who can’t install the module can also follow
by opening the XML files directly.
1. Join the web
presentation:
https://www2.gotomeeting.com/join/428595714
Meeting
ID: 428-595-714
2. Dial-in
details:
US
Dial-in:
888-481-3032
UK Toll
Free:
0800 904 7961
International Dial-in:
617-801-9600
Passcode:
8682747
Agenda
·
FpML 5.1 Working Draft 1 Deliverable (schema,
examples, schema documentation, documentation)
·
Acknowledge Dispute Notification
(MC11), Discuss draft implementation of MC11, the response to the full
dispute (MC5) / partial dispute (MC6) (see
msg-ex-MC11-acknowledge-dispute.xml)
<disputeAcknowledgement
…>
…
<variationMargin>
<disputedAmount>
<currency>USD</currency>
<amount>200000</amount>
</disputedAmount>
<disputeDate>2010-06-30</disputeDate>
<disputeResolutionMethod>
<reasonCode>code-code</reasonCode>
<description>text-text-text</description>
</disputeResolutionMethod>
</variationMargin>
·
Request Portfolio (MC12/MC13)
Discuss implementation of MC12/MC13 and the different process options around
dispute resolution and portfolio reconciliation. This will help to consider the
content of these messages in terms of reconciliation options i.e. unilateral
reconciliation with portfolio exchange vs. bilateral
reconciliation where there are proactive and reactive scenarios and choice of
reconciliation service providers.
Action Items / To
do
1.
All firms to validate
the schema/content model by creating their own XML examples or by providing
margin call examples which we can translate to XML.
2.
GlobeOp / Richard to
put together a list of definitions (i.e., glossary of collateral terms) that
will be used to document the schema.
3.
Renaming of collateral
messages to comply to FpML message naming patterns
Ref: http://www.isda.org/c_and_a/pdf/Electronic-Messaging.pdf
Thanks, Lyteck
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