[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

FPML-CWG RE: Collateral WG Meeting: Wed June 30, 2010 **Time Change**



++++++++++++++++++++++++++++++++++++++++++++++++++++++

Please Read The Disclaimer At The Bottom Of This Email

++++++++++++++++++++++++++++++++++++++++++++++++++++++

 

Hi Lytech,

 

   I cannot attend at 2 BST , I can at 4 BST.

 

Simone

 

From: owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of Lyteck Lynhiavu
Sent: 29 June 2010 23:50
To: colwg@xxxxxxxx
Subject: FPML-CWG Collateral WG Meeting: Wed June 30, 2010 **Time Change**

 

As discussed, we propose rescheduling the collateral call either an hour earlier to 9am New York (2pm London) OR an hour later to 11am (4pm London) to accommodate the ISDA Member Call at 10am that many may want to attend. Richard will decide the time Wednesday morning, based on everyone's input.

 

Let us know ASAP if 9am New York (2pm London) works or if you'd prefer another time: 11am (4pm London) or 10am/3pm (no change)

 

 

Next Meeting– Wednesday June 30, 2010 @ 9am New York / 2pm London -OR- 11am New York / 4pm London (TBD)

 

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 (see attached zip; rename .zip-email extension to .zip).

 

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>
                   
<resolutionMethodCode>ReconcilePortfolio</resolutionMethodCode>
                    <description>reconcile using TriOptima for valuation date</description> 
          </disputeResolutionMethod>
         
<disputeResolutionMethod>
                    <resolutionMethodCode>ReconcileCollateral</resolutionMethodCode>
                   
<description>please send collateral statement in Excel format</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

 


The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx> then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution.

*************************************************************************************************

 

This email is intended for the named recipient(s) only. Its contents are confidential and may only be retained by the named recipient(s) and may only be copied or disclosed with the consent of LCH.Clearnet Limited and/or LCH.Clearnet SA. If you are not an intended recipient please delete this e-mail and notify postmaster@xxxxxxxxxxxxxxxx

LCH.Clearnet Limited, LCH.Clearnet SA and each other member of the LCH.Clearnet Group accept no liability, including liability for negligence, in respect of any statement in this email.

The contents of this email are subject to contract in all cases, and LCH.Clearnet Limited and/or LCH.Clearnet SA makes no contractual commitment save where confirmed by hard copy.

Cet e-mail et toutes les pièces jointes (ci-après le "message") sont confidentiels et établis à l'intention exclusive de ses destinataires. Toute utilisation de ce message non conforme à sa destination, toute diffusion ou toute publication, est interdite, sauf autorisation expresse de LCH.Clearnet Limited et/ou LCH.Clearnet SA. Si ce message vous a été adressé par erreur, merci de le détruire et d'en avertir immédiatement postmaster@xxxxxxxxxxxxxxxx

LCH.Clearnet Limited, LCH.Clearnet SA et les autres entités du groupe LCH.Clearnet Group, ne peuvent en aucun cas être tenues responsables au titre de ce message à moins qu’il n’ait fait l’objet d’un contrat signé.

LCH.Clearnet Limited, Registered Office: Aldgate House, 33 Aldgate High Street, London EC3N 1EA. Recognised as a Clearing House under the Financial Services & Markets Act 2000. Reg in England No.25932

Telephone: +44 20 7426 7000 Internet: http://www.lchclearnet.com

LCH.Clearnet SA, Siège Social, 18 rue du Quatre Septembre, 75002 Paris, Chambre de Compensation conformément au Code Monétaire et Financier.

 

*************************************************************************************************